Hertz stock jump nearly 40% after returning to profitability

Core Insights - Hertz Global Holdings has achieved its first quarterly profit in over two years, indicating a significant turnaround for the rental car company [1] - The company attributes this success to effective cost controls and an updated vehicle fleet [1] Financial Performance - Hertz reported a quarterly profit, marking a notable recovery from previous financial struggles [1] - The improvement in profitability is linked to strategic management decisions and operational efficiencies [1] Operational Changes - The company has implemented cost control measures that have positively impacted its financial results [1] - An investment in a newer vehicle fleet has contributed to enhanced service offerings and customer satisfaction [1]