Hertz’s Transformation: Best Quarterly Results in Nearly Two Years

Hertz Logs Best Quarterly Results In Nearly Two Years, Driven by Half a Billion Dollar Profitability Improvement overview

“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.”

Top points from the source

• “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.”.
• ESTERO, Fla, August 7, 2025 – Hertz Global Holdings, Inc.
• (NASDAQ: HTZ) (“Hertz,” “Hertz Global,” or the “Company”) today reported results for its second quarter 2025.
• 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.
• The Company’s “Buy Right, Hold Right, Sell Right” strategy continued to deliver results:
• 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.
• The Company has secured all of its Model Year 2025 fleet at pre-tariff pricing.
• 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.

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