Hertz's Transformation Boosts Vehicle Utilization and EPS

Hertz Transformation Drives Record Utilization and Return to EPS Profitability overview

“This quarter proves that we’re delivering on our commitments: driving strong results through focused execution and operational discipline,” said Gil West, CEO of Hertz. “Throughout this transformation, we’re rebuilding our foundation while sharpening our skills and capabilities, creating a new platform for growth. Our progress is meaningful, our heads are down, but our eyes are on the horizon as we build a company that can thrive across the full spectrum of mobility.”

Important details from the source

• “This quarter proves that we’re delivering on our commitments: driving strong results through focused execution and operational discipline,” said Gil West, CEO of Hertz.
• “Throughout this transformation, we’re rebuilding our foundation while sharpening our skills and capabilities, creating a new platform for growth.
• Our progress is meaningful, our heads are down, but our eyes are on the horizon as we build a company that can thrive across the full spectrum of mobility.”.
• ESTERO, Fla, November 4, 2025 – Hertz Global Holdings, Inc.
• (NASDAQ: HTZ) (“Hertz,” “Hertz Global,” or the “Company”) today reported results for its third quarter 2025.
• The Company completed its transformative fleet refresh, setting a new standard for the lifecycle of its vehicles.
• Revenue hit $2.5 billion in the third quarter of 2025, and execution of its Back-to-Basics strategy delivered $184 million of net income and $0.42 of diluted EPS for the Company—both positive for the first time in two years.
• Adjusted Corporate EBITDA surged about $350 million year-over-year in the third quarter to $190 million, reflecting the Company’s disciplined operational execution and improved fleet economics.
• Utilization reached more than 84%, the highest since 2018, driven by improved processes that reduce out of service time of vehicles.
• This further advances the Company’s progress toward its North Star target of RPU over $1,500.

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