Hertz Stock Soars on Strong Earnings Beat

Global car rental company Hertz experienced a significant surge in its stock, jumping 12% during the afternoon session on August 11, 2026. This followed the company's second-quarter financial results, which not only exceeded analyst predictions but also included a robust forecast for future earnings.

The pre-market trading saw Hertz shares climb nearly 30%, continuing a rally from the previous session. For the second quarter, Hertz reported revenue of $2.4 billion and a smaller-than-expected adjusted loss of $0.11 per share. These positive results were attributed to enhanced pricing strategies and more efficient utilization of its vehicle fleet.

Looking ahead, Hertz presented an encouraging outlook, projecting positive earnings per share for the third quarter. Additionally, the company anticipates adjusted corporate EBITDA to fall between $275 million and $325 million. This forward-looking guidance has bolstered investor confidence in the company's ongoing turnaround efforts.

Hertz's stock has shown considerable volatility, with 57 moves exceeding 5% in the past year. However, the recent significant gains suggest a substantial impact on the market's view of the business. Year-to-date, Hertz has seen a decrease of 57.6%, trading at $2.22 per share, substantially below its 52-week high of $7.81 reached in April 2026.