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HTZ · Analysis updated Nov 5, 2026, 9:48 AM ET
Why is Hertz Global Holdings (HTZ) stock moving?
Hertz reported Q3 results on Nov 5 that were mixed. Revenue grew about 6% to $2.6B, its best in three years, and adjusted corporate EBITDA rose 15% to $233M. Adjusted EPS of $0.14 missed the $0.25 consensus, and EBITDA fell short of the roughly $285M estimate. Shares fell about 7% after the report, which follows a rally to $2.26 on Nov 4. Operating trends are improving: revenue per day and revenue per unit rose about 5%, core U.S. revenue per day rose about 8%, and liquidity is about $946M. Cost inflation and international softness are weighing on profit. The balance sheet is a concern, with heavy debt and negative equity. Other overhangs are the shareholder class actions, a 56% year-to-date decline, the dilutive offering at $2.70, and short interest reported near 96%. Oro Mobility's $80M investment on Oct 20 gave a brief lift. The stock is volatile and driven by speculation, and the earnings miss may cap near-term gains.
News behind the analysis
- Hertz Reports Lower Earnings on Inflation, Maintenance ExpensesQ3 adjusted profit of 14 cents a share missed the 25-cent estimate on higher operating costs. Revenue rose 5.6% to $2.6B, roughly in line with estimates.
- Hertz shares slide 7% as higher costs drive Q3 earnings, revenue missAdjusted EPS was $0.14 against $0.25 expected. Adjusted corporate EBITDA was $233M, up 15% YoY, and shares fell about 7%.
- Hertz Announces Q3 2026 Results, Strongest Quarterly Revenue and EBITDA Performance in Three YearsRevenue was $2.6B, up about 6%. GAAP net income was $116M and liquidity was about $946M.
- Hertz Stock Hits a Speed Bump: Revenue Reaches Three-Year High, but EPS Misses EstimatesCore U.S. rental revenue rose 8%. Revenue per unit and revenue per day each rose about 5%.
- Hertz reports Q3 2026 in line with expectations but stock dropsAdjusted EBITDA of $233M missed the $285.2M consensus by 18.3%. Free cash flow margin was 21.9%, and market cap is about $805.6M.
- Car rental firm Hertz Q3 revenue slightly beats estimates on strong U.S. pricingStrong U.S. pricing offset international softness. Net income was $116M.
- HERTZ GLOBAL HOLDINGS ($HTZ) Releases Q3 2026 EarningsEPS of $0.14 missed the $0.25 estimate. Revenue of about $2.617B was reported as slightly below one estimate.
- Hertz Global (HTZ) Stock Price, News & AnalysisHeadlines include short interest at 95.89% and the Oct 20 jump after the Oro Mobility $80M investment. Shares are down 56% year to date.
- HTZ Stock (Cboe options flow)Options flow has been bullish, with heavy call volume as shares moved around $2.09. Oro Mobility's $80M equity raise was noted.
- Hertz Global Holdings (HTZ) Stock NewsCovers the Oro Mobility $80M investment and the Q3 results date. Also lists a prior offering of 37M shares at $2.70.