Finance
Hertz surges after swinging to third-quarter profit
Published by Global Banking & Finance Review®
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 4, 2025
1 min readLast updated: January 21, 2026
Hertz reported a third-quarter profit, boosting shares by 27% as it revamped its fleet and focused on used car sales, despite a revenue dip.
(Reuters) -Hertz Global swung to a third-quarter profit after nearly two years on Tuesday, as the company relied on used vehicle sales and a newer fleet of rental cars to drive demand, sending its shares up 27% in premarket trading.
The company has attempted to diversify operations by revamping its vehicle fleet and offering a fully online car-buying marketplace to contend with a slowdown in rental activity.
A slump in demand prompted it to shed much of its electric-vehicle fleet in favor of gas-powered cars over the past few years. Hertz offloaded a majority of its Teslas last year, citing higher repair costs.
Hertz earned 12 cents per share on an adjusted basis in the third quarter, compared with analysts' average estimate of 2 cents per share, according to data compiled by LSEG.
Its overall quarterly revenue fell 4% to about $2.5 billion from a year ago, but still topped estimates of $2.4 billion.
(Reporting by Nathan Gomes in Bengaluru; Editing by Shreya Biswas)
Profit is the financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes associated with operating the business.
A vehicle fleet refers to a collection of vehicles owned or leased by a business or organization, used for operational purposes such as transportation and logistics.
Electric vehicles (EVs) are automobiles that are powered by electric motors instead of traditional internal combustion engines, using electricity stored in batteries.
Revenue is the total income generated from the sale of goods or services before any expenses are deducted. It is a key indicator of a company's financial performance.
Adjusted earnings per share (EPS) is a company's profit divided by the number of outstanding shares, excluding certain one-time expenses or income to provide a clearer view of profitability.
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