Hertz surges after car rental firm swings to quarterly profit

Hertz Global Holdings

04/11/2025 14:07

** Hertz's shares HTZ.O jump 13% to $5.57 pre-market

** Car rental firm posts its first profit in two years, with a Q3 adjusted EPS of 12 cents/share, above Wall Street consensus of 2 cents/share

** Revenue of $2.48 billion beats estimates of $2.4 billion, thanks to fleet refresh and better utilization

** Analysts tracking the stock rate it "hold" on average; their median PT is $3.1 - data compiled by LSEG

** Up to Monday's close, HTZ has risen 35% YTD, trailing rival Avis' CAR.O 64% jump

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))