Business
Hertz Logs Best Quarterly Results in Nearly Two Years, Driven by Half a Billion Dollar Profitability Improvement
“Our transformation is taking hold,” said Gil West, CEO of Hertz. “Through smarter fleet management, improved utilization, enhanced customer experience,
About this update from Hertz Global Holdings, Inc
[{"type":"text","content":"\n“Our transformation is taking hold,” said Gil West, CEO of Hertz. “Through smarter fleet management, improved utilization, enhanced customer experience, disciplined cost control, and the hard work of our people, it’s clear our strategy is working. We’re building a stronger, more resilient Hertz – one that’s operationally sound, financially disciplined, and positioned to lead in the future of mobility.”\n\n\n ESTERO, Fla.--(BUSINESS WIRE)--\nHertz Global Holdings, Inc. (NASDAQ: HTZ) (\"Hertz,\" \"Hertz Global,\" or the \"Company\") today reported results for its second quarter 2025.\n\n\nHIGHLIGHTS\n\n\n\nNet 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\n\n\n\nThe Company’s “Buy Right, Hold Right, Sell Right” strategy continued to deliver results:\n\n\nHertz 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. The Company has secured all of its Model Year 2025 fleet at pre-tariff pricing\n\n\n\nVehicle 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\n\n\n\nHertz achieved its highest second-quarter retail vehicle sales volume in five years, including through its direct-to-consumer Hertz Car sales, highlighting strong demand\n\n\n\n\n\n\nDirect 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\n\n\n\nThe Company's global Net Promoter Score improved by 11 points year-over-year, underscoring its commitment to service excellence and digital innovation\n\n\n\nThe Company ended the quarter with over $1.45 billion in liquidity\n\n\n\nEARNINGS WEBCAST INFORMATION\n\n\nHertz Global's live webcast and conference call to discuss its second quarter 2025 results will be held on August 7, 2025 at 9:00 a.m. Eastern Time. The conference call will be broadcast live in listen-only mode on the Company’s Invest...