Hertz Stock Surges 37% on Return to Profitability. What's Driving the Gains.

Core Insights - The rental car company has reported improvements across several key metrics in the third quarter [1] Group 1 - The company experienced growth in rental revenues, indicating a positive trend in demand for rental vehicles [1] - Key performance indicators such as fleet utilization and average daily rates have shown significant improvement compared to previous quarters [1] - The overall market conditions for the rental car industry appear to be stabilizing, contributing to the company's positive performance [1]