Overview
- Hertz reported on Thursday that its adjusted net loss narrowed to $47 million in Q2 2026, down from a $91 million loss a year earlier.
- Total revenue rose 10% year over year to $2.4 billion and key unit metrics improved, with revenue per unit up 8% and revenue per rental day up 9%.
- Adjusted corporate EBITDA reached $81 million, which exceeded the top end of the company’s revised guidance range.
- Management said recall disruptions affected about 15,000 vehicles and trimmed GAAP net income by roughly $27 million and adjusted EBITDA by about $30 million for the quarter.
- Hertz ended the quarter with roughly $984 million in near-term liquidity, reaffirmed full-year per-unit targets, and saw its stock jump in premarket trading on heavy short interest of about 30 percent of the tradable float.