HTZWW · Hertz Global Holdings, Inc
Price & Indicators
The closing range uses available history since Jul 23, 2026; less than a full year is stored.
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AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Hertz posted Q2 revenue up 10% to $2.4B and Adjusted Corporate EBITDA of $81M (above revised guidance top end), but cut full-year liquidity guidance to $1.0–1.4B from ~$1.5B after removing ATM proceeds, while flagging substantial 2028–2029 debt maturities and a sharp drop in market capitalization.
- + Q2 revenue rose 10% year-over-year to $2.4 billion with record second-quarter RPD excluding the 2022 pandemic peak.
- + Q2 Adjusted Corporate EBITDA was $81 million, a $63 million year-over-year improvement and above the top end of revised guidance.
- + Q2 GAAP net income of $64 million (Diluted GAAP EPS $0.05) versus a $294 million loss a year earlier.
- + Oro's first AV partnership with Uber's robotaxi program is on track to begin later this year in San Francisco after drivers logged over six million miles.
- + RPU rose 8% year-over-year above the North Star target, and full-year RPU is now expected to trend above the $1,500 North Star.
- + For 2027, Hertz expects to reach full-year net income profitability and be free cash flow positive, with a continued $1 billion Adjusted Corporate EBITDA target.
- − Full-year liquidity guidance was lowered to $1.0–$1.4 billion from about $1.5 billion after removing expected ATM proceeds.
- − Adjusted DOE per Day rose 4% year-over-year to $37.49, slightly above company expectations due to higher revenue-related variable costs and sale-leaseback expenses.
- − Recall activity ran approximately 300% higher year-over-year, impacting an average of nearly 15,000 vehicles and clipping ~$30 million from Q2 Adjusted Corporate EBITDA.
- − Market capitalization fell to roughly one-third of its level 90 days earlier despite management's view of stronger fundamentals.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this company
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders illustrative — not investment adviceIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted Corporate EBITDA non-GAAP | -$80M | Six Months Ended June 30, 2026 | — |
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| Adjusted Corporate EBITDA margin non-GAAP | 3% | Three Months Ended June 30, 2026 | — |
| Adjusted Diluted Earnings (Loss) Per Share non-GAAP | -$0.76 | Six Months Ended June 30, 2026 | — |
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| Adjusted free cash flow non-GAAP | -$304M | Six Months Ended June 30, 2026 | — |
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| Adjusted Net Income (Loss) non-GAAP | -$271M | Six Months Ended June 30, 2026 | — |
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| Adjusted operating cash flow non-GAAP | -$319M | Six Months Ended June 30, 2026 | — |
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| Americas RAC Segment Adjusted EBITDA non-GAAP | $88M | Q2 2026 | — |
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| Available Car Days | 18.04M | Six Months Ended June 30, 2026 | — |
| Average Vehicles | 101,993 | Six Months Ended June 30, 2026 | — |
| Liquidity | $984M | Q2 2026 | — |
| LTM Adjusted Corporate EBITDA non-GAAP | -$59M | Six Months Ended June 30, 2026 | — |
| Net Debt | $17.96B | As of June 30, 2026 | — |
| Net fleet growth after financing non-GAAP | $235M | Three Months Ended June 30, 2026 | — |
| Total Available Car Days | 18.47M | Six Months Ended June 30, 2026 | — |
| Total revenue per unit | $8,698 | Six Months Ended June 30, 2026 | — |
| Transaction Days | 14.08M | Six Months Ended June 30, 2026 | — |
| Americas RAC Segment Average Rentable Vehicles | 401,094 | Q1 2026 | — |
| Americas RAC Segment Average Vehicles | 419,829 | Q1 2026 | — |
| Americas RAC Segment Transaction Days | 28.56M | Q1 2026 | — |
| Average Rentable Vehicles | 493,359 | Q1 2026 | — |
| International RAC Segment Average Rentable Vehicles | 92,265 | Q1 2026 | — |
| International RAC Segment Average Vehicles | 94,334 | Q1 2026 | — |
| International RAC Segment Transaction Days | 6.33M | Q1 2026 | — |
| Total Revenue Per Unit Per Month | $1,353 | Q1 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Rental & Leasing Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HTZWW
this stock
Hertz Global Holdings, Inc
|
$726.26M | — | -6.0% | — | — |
|
URI
United Rentals, Inc.
|
$63.26B | +24.8% | +4.9% | 25.8 | 2.0% |
|
SUNB
Sunbelt Rentals Holdings, Inc.
|
$28.11B | — | +3.4% | — | 3.3% |
|
AER
AerCap Holdings N.V.
|
$22.85B | +1.1% | +6.5% | — | 1.7% |
|
UHAL
U-Haul Holding Co /NV/
|
$13.06B | +33.3% | +3.6% | — | 0.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- % held
- 150.9%
- Net QoQ
- +45.5M sh
- Top holder
- Knighthead Capital Manage…
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HTZWW | +7.1% | -3.6% | — | -0.9% | — |
| SPY | +0.1% | -0.4% | +15.1% | +0.4% | +12.9% |
| vs SPY | +7.0% | -3.2% | — | -1.3% | — |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.