Hertz surges after car rental firm swings to quarterly profit
ReutersNov 4, 2025 2:07 PM
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
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