bought it yesterday. The industry can be profitable.
Very good earnings. the management has right strategies and they are working.
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Net income and Adjusted Corporate EBITDA both improved ~$0.5 billion year-over-year, marking the Company's first quarter of positive Adjusted Corporate EBITDA in nearly two years, a result of its disciplined fleet management, operational efficiency, and rigorous cost management
a. Hertz achieved depreciation per unit per month (DPU) of $251, exceeding its North Star target of sub $300 by 16% and building on the momentum from the first quarter of 2025.
b. The Company has secured all of its Model Year 2025 fleet at pre-tariff pricing
c. Vehicle Utilization reached 83%, a year-over-year increase of 300 basis points, as the Company executed on fleet optimization with greater precision and agility. Nearly 80% of the core U.S. rental fleet is less than a year old
d. Hertz achieved its highest second-quarter retail vehicle sales volume in five years, including through its direct-to-consumer Hertz Car sales, highlighting strong demand
e. Direct operating expenses (DOE) declined 3% year-over-year. DOE per transaction day improved both sequentially and year-over-year, reflecting disciplined cost control and operational agility
f. ended the quarter with over $1.45 billion in liquidity
