HTZ · Hertz Global Holdings
The AI's read
More sales came from a fleet that was 1% smaller, and fleet use reached 79%. Revenue from each rental day was the strongest for a second quarter outside 2022. Gains from selling cars came in below expectations, and daily costs rose slightly. Hertz linked the lower car-sale gains to seasonal sales, sales channels, and vehicle mix, and said these quarter-specific issues did not change its view. The rental business improved, and the adjusted operating profit measure rose. Those gains outweigh the temporary drop in car-sale gains.