Hertz Global (HTZ) ockets 36% on Q3 Blowout

Core Insights - Hertz Global Holdings, Inc. experienced a significant share price increase of 36.23% to close at $6.73 following a strong earnings report for Q3 [1] - The company reported a net income of $184 million, a substantial recovery from a net loss of $1.3 billion in the same quarter last year [1] - Adjusted EBITDA improved to $43 million, reversing a loss of $208 million in the previous year, attributed to disciplined operational execution and better fleet economics [2] - Revenue decreased by 4% year-on-year, falling to $2.48 billion from $2.58 billion [3] - CEO Gil West emphasized the company's commitment to operational discipline and focused execution, indicating progress in their transformation efforts [3][4] Operational Performance - The turnaround in net income and adjusted EBITDA highlights the effectiveness of Hertz's operational strategies [1][2] - The decline in revenue suggests challenges in maintaining sales levels despite improved profitability metrics [3] Strategic Outlook - The company is focused on rebuilding its foundation and enhancing its capabilities to create a sustainable growth platform [4] - Hertz aims to position itself to thrive across the full spectrum of mobility, indicating a long-term vision for the business [4]