Hertz Global Holdings, Inc. reports news on its vehicle rental and mobility operations, including the Hertz, Dollar, Thrifty and Firefly rental brands, Hertz Car Sales, and Hertz 24/7 car sharing in Europe. Company updates commonly cover rental demand, fleet rotation, revenue per unit, revenue per day, depreciation trends, used-vehicle sales channels and customer-service initiatives across its Americas and international rental operations.
Hertz news also includes partnerships and platform expansion in mobility services. Recent themes include digital retail for near-new vehicles, premium fleet additions, rideshare and fleet-management partnerships, and Oro Mobility, an affiliated operating company focused on integrated fleet solutions for driver-led and autonomous mobility models.
Hertz (NASDAQ:HTZ), via Hertz Car Sales, launched 100K Mile Protection, an included 3-Year/100,000-Mile Powertrain Limited Warranty on eligible used vehicles at no additional cost. The program targets buyers seeking long-term reliability and protection from unexpected repair costs.
Eligible vehicles are generally five model years old or newer with under 75,000 miles and may also retain remaining manufacturer warranty. Coverage spans specified engine, transmission/transaxle and drive-axle components, carries a $100 deductible per repair visit, is non-transferable, and can include rental car, towing and travel breakdown reimbursements, subject to terms.
Hertz (NASDAQ:HTZ) reports that road trips are set to outpace air travel for fall, based on a Morning Consult survey of 2,001 U.S. adults and its own booking data. About 46% of U.S. adults plan to travel, and nearly 60% expect to drive versus 28% taking domestic flights.
According to Hertz, Millennials are nearly four times more likely than Baby Boomers to use a rental car this fall, and combined Gen Z/Millennial rental usage exceeds Boomers. Travelers are split between seeking budget-friendly trips (31%) and spending more on memorable experiences (31%). The Southeast is the most popular region (28%), while cities, beaches and small towns lead destination types. Hertz booking data shows double-digit year-over-year growth for New England and Western Mountain foliage destinations, strong demand in early October, and Labor Day pickup peaks on September 4, with SUVs and minivans favored. Hertz highlights its vehicle lineup, a ChatGPT planning plugin, and a September Flash Sale offering 20% off most vehicle classes.
Hertz (NASDAQ: HTZ) reported Q2 2026 revenue of $2.4 billion, up 10% year over year, driven by record second-quarter Revenue per Day (RPD) of $61.98 (up 9%) and Revenue per Unit (RPU) of $1,542 (up 8%). GAAP net income was $64 million versus a $294 million loss a year ago, with diluted EPS of $0.05. Adjusted net loss was $47 million and Adjusted Corporate EBITDA rose to $81 million from $18 million.
Total utilization reached 79%, and the spread between RPD and DOE per Day improved 17% year over year. Net depreciation per unit per month increased to $302. Liquidity stood at $984 million at quarter-end, moving to just over $1 billion pro forma a $380 million Exchangeable First Lien Notes issuance. Hertz’s U.S. core fleet is approximately 94% model year 2025–2026, and its Oro Mobility affiliate has logged over six million miles, with its first AV partnership expected to start in the San Francisco Bay Area later in 2026.
S&P Dow Jones Indices will revise its benchmarks in early August 2026. Ferguson Enterprises (NYSE: FERG) will join the S&P 500 on August 5, replacing Electronic Arts (NASD: EA), which is being acquired by an investor consortium led by Public Investment Fund, Silver Lake, and Affinity Partners.
ADI Global Distribution (NYSE: ADIG), being spun off from Resideo Technologies (NYSE: REZI) on August 4, will be added to the S&P SmallCap 600 that same day. Hertz Global Holdings (NASD: HTZ) will be removed from the S&P SmallCap 600 on August 5, as it is no longer viewed as representative of the small-cap market space.
Hertz Global Holdings (NASDAQ: HTZ) plans to release its second quarter 2026 financial results at 8:00 a.m. ET on Thursday, August 6, 2026, followed by an earnings conference call at 9:00 a.m. ET. A live webcast and approximately one-year replay will be available on the company’s Investor Relations website, with phone access provided via advance registration.
Hertz (NASDAQ: HTZ) announced completion of a $350 million offering of 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030 by subsidiary The Hertz Corporation. Initial purchasers may buy up to an additional $50 million within 13 days. The company expects the transaction to enhance liquidity and financial flexibility to support its corporate transformation and peak-season operations.
Hertz (NASDAQ: HTZ) priced a SEC-registered offering of 37,037,037 common shares at $2.70 per share. The shares will be loaned to J.P. Morgan Securities under a share lending agreement, and the lender or its affiliates will receive the sale proceeds, paying Hertz only a nominal lending fee.
The borrowed shares are expected to support hedging for investors in Exchangeable Senior First-Lien Secured PIK Notes due 2030 that Hertz Corporation priced in a private offering. The borrowed share offering is contingent on the notes closing, and related trading activity could affect Hertz’s share price.
Hertz (NASDAQ: HTZ) priced an upsized private offering of $350 million 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030, with an option for $50 million more. Expected net proceeds of about $339.5 million will help repay its revolving credit facility and fund general corporate purposes.
The notes are exchangeable into cash, Hertz common stock, or both at Hertz Corp.’s election, initially at 279.5248 shares per $1,000, implying a $3.58 exchange price, a 32.5% premium to a concurrent 37,037,037-share offering at $2.70.
Hertz (NASDAQ: HTZ) plans a SEC-registered public offering of $100 million of common stock through a share lending arrangement with J.P. Morgan Securities. The underwriter or its affiliates will sell the loaned “Borrowed Shares” and keep all offering proceeds, while Hertz receives only a nominal lending fee.
The Borrowed Shares must later be returned to Hertz, and resulting short sales or derivatives used by investors in planned Exchangeable Senior First-Lien Secured PIK Notes due 2030 may affect the HTZ share price. The Borrowed Share offering is contingent on closing the private notes offering.
Hertz (NASDAQ: HTZ) plans a private offering of $300 million Exchangeable Senior First-Lien Secured PIK Notes due 2030 to qualified institutional buyers under Rule 144A, with a $45 million option. Proceeds are for general corporate purposes, potentially including debt repayment.
The notes are partly cash-pay and partly PIK, exchangeable into cash, Hertz common stock, or both, at Hertz Corp.’s election. Share issuance upon exchange is capped at 19.9% of pre-offering shares unless shareholders approve more. A concurrent registered $100 million common stock offering uses loaned “Borrowed Shares,” from which Hertz receives only a nominal lending fee.