Hertz Global (HTZ) Zooms Past 28% on Q3 Blowout

Core Insights - Hertz Global Holdings, Inc. (NASDAQ:HTZ) experienced a significant share price increase of 28.26% week-on-week, driven by strong earnings performance in Q3 [1] - The company reported a profit of $184 million in Q3, a notable recovery from a $1.3 billion net loss in the same period last year [1] - Adjusted EBITDA for Hertz stood at $43 million, a turnaround from a loss of $208 million in the comparable period, attributed to disciplined operational execution and improved fleet economics [2] - Despite the positive earnings, revenues decreased by 4% to $2.48 billion from $2.58 billion year-on-year [3] - CEO Gil West emphasized the company's commitment to delivering strong results through focused execution and operational discipline [3] - The company is undergoing a transformation aimed at rebuilding its foundation and enhancing its capabilities for future growth [4]