Hertz Hits First Profit in 2 Years, Sparks Stock Surge
American car rental company Hertz Global has reported a financial turnaround in Q3 2025, posting its first profit in nearly two years.
Hertz reported net income of $184 million, or $0.42 per share, beating analyst estimates. Revenue came in at $2.5 billion, slightly above expectations, driven by stronger demand from both airport travelers and corporate customers.
At the end of the quarter, the company’s liquidity position remained strong, with over $2.2 billion in cash and equivalents.
The company’s stock jumped around 35 percent after the news.
A combination of factors powered Hertz’s rebound. Adjusted EBITDA climbed roughly $350 million year-over-year to reach $190 million, while a $154 million legal settlement and a $39 million gain from selling non-vehicle assets further boosted profits.
Fleet performance also improved, as utilization hit a record 84 percent, thanks to operational upgrades that reduced car downtime and maintenance delays.
Beyond rentals, Hertz is advancing its digital transformation, including the expansion of its online marketplace and the ongoing introduction of newer models into its vehicle lineup.
To learn more about the sector, check out our articles on car rental reservation systems and car rental APIs.
Hot News
Airbnb’s Q3 Bookings Surge: $4.1B Revenue, $1.4B Profit
Amadeus Q3 2025 Rockets: $5.6B Revenue and 10% Profit Jump
Expedia’s Q3 Hits $4.4B Revenue, Profits and Bookings Climb
Major US Airports Start 10% Flight Reductions as Shutdown Continues
