Core Insights - Hertz Global reported a third-quarter profit for the first time in nearly two years, indicating a significant turnaround for the company [1] - The profit was driven by strong demand for used vehicle sales and a newer fleet of rental cars, which contributed to a 27% increase in the company's shares [1] Financial Performance - Hertz Global achieved profitability in the third quarter after a prolonged period of losses, marking a pivotal moment in its financial recovery [1] - The company's reliance on used vehicle sales played a crucial role in boosting its revenue and overall financial performance [1] Market Reaction - Following the announcement of the profit, Hertz Global's shares surged by 27%, reflecting positive investor sentiment and confidence in the company's recovery strategy [1]

IMPORTANT DISCLOSURES FORWARD-LOOKING STATEMENTS Certain statements made within this presentation contain forward-looking statements. Forward-looking statements are not guarantees of future performance and by their nature are subject to inherent uncertainties. Actual results may differ materially. Any forward-looking information relayed in this presentation speaks only as of November 4, 2025, and Hertz Global Holdings, Inc. ("Hertz Global" or the "Company") undertakes no obligation to update that informatio ...

Core Insights - Hertz is investing in customer experience (CX) improvements despite a recent backlash related to its AI system for vehicle damage assessment and customer support [3][4] - The company reports a significant increase in loyalty program membership and customer satisfaction metrics, indicating positive reception of its CX initiatives [6][7] Group 1: AI and Customer Experience - Hertz's AI system handles nearly 75% of U.S. inbound chat and call support, leading to faster resolutions and improved customer satisfaction [4] - The company is enhancing customer experience through self-service rental extensions and better post-rental communications [5] Group 2: Financial Performance - Hertz's total revenue decreased by 4% year over year to $2.5 billion in Q3 2025, but net income rose to $184 million, a recovery from a $1.3 billion loss in Q3 2024 [6] - The company achieved a nearly 50% increase in Net Promoter Score (NPS) in North America, reflecting improved customer experience efforts [7] Group 3: Loyalty Program Growth - Membership in Hertz's Gold Plus Rewards loyalty program increased by 90% year over year, attributed to a simplified signup process and exclusive benefits [6]

Hertz posted better-than-expected profit as the company made strides reducing the costs of its rental fleet, a move that helped offset falling revenue in the quarter https://t.co/qH11cbCbyW ...

Core Insights - Hertz reported a profit in the third quarter, attributed to a significant reduction in depreciation costs as the company continues its strategy of replacing older vehicles with a newer fleet [1] Financial Performance - The company experienced a turnaround in profitability during the third quarter, indicating effective cost management and operational efficiency [1] Strategic Initiatives - Hertz's ongoing strategy involves swapping out older cars for a newer fleet, which is contributing to improved financial results and overall company performance [1]

Financial Performance - Total revenues for Q3 2025 were $2,478 million, a decrease of 3.8% compared to $2,576 million in Q3 2024[18]. - Net income for Q3 2025 was $184 million, compared to a net loss of $1,332 million in Q3 2024[19]. - Total comprehensive income for Q3 2025 was $176 million, compared to a loss of $1,292 million in Q3 2024[19]. - For the nine months ended September 30, 2025, Hertz reported a net income loss of $553 million, an improvement from a loss of $2,383 million in the same period of 2024[26]. - Total revenues for the nine months ended September 30, 2025, were $6,476 million, down from $7,009 million in 2024, representing a decrease of approximately 7.6%[34]. - The company reported a loss before income taxes of $607 million for the nine months ended September 30, 2025[203]. Assets and Liabilities - Total assets increased to $22,990 million as of September 30, 2025, up from $21,802 million at the end of 2024, representing an increase of 5.4%[15]. - Total debt rose to $17,408 million as of September 30, 2025, compared to $16,335 million at the end of 2024, an increase of 6.6%[15]. - The accumulated deficit increased to $3,055 million as of September 30, 2025, compared to $2,502 million at the end of 2024[15]. - As of September 30, 2025, Hertz reported a total stockholder's equity of $858 million, down from $3,543 million at the end of 2023, reflecting a significant decline in accumulated deficit to $(3,474) million[38]. Cash Flow and Expenses - Cash flows from operating activities provided $1,432 million, compared to $1,810 million in the prior year, reflecting a decrease of 20.9%[26]. - The company incurred $1,454 million in direct vehicle and operating expenses for the three months ended September 30, 2025, slightly down from $1,470 million in 2024[34]. - Selling, general and administrative expenses increased to $241 million in Q3 2025, up from $189 million in Q3 2024, a rise of 27.5%[18]. - Cash and cash equivalents at the end of the period were $1,549 million, up from $905 million at the end of September 2024, showing a significant increase of 71.1%[28]. Vehicle and Operations - The number of revenue earning vehicles increased to 14,023 as of September 30, 2025, up from 12,714 vehicles at the end of 2024, a growth of 10.3%[15]. - The net revenue earning vehicles amounted to $12,693 million, an increase from $11,963 million as of December 31, 2024[65]. - Operating lease income from vehicle rentals for the three months ended September 30, 2025 was $2,232 million, down from $2,330 million in 2024, representing a decline of 4.2%[113]. Legal and Settlement Matters - The company reported a legal settlement expense of $154 million in Q3 2025[18]. - The company received a pro rata settlement distribution of $154 million from the In re Automotive Parts Antitrust Litigation, recorded in the financial statements for the three and nine months ended September 30, 2025[195]. - The Company has accrued approximately $334 million for litigation related to Unsecured Notes, including $260 million on underlying claims and $74 million in pre-judgment interest as of September 30, 2025[187]. Debt and Financing - The company’s total debt as of September 30, 2025, includes $1,250 million in First Lien Senior Notes due 2029 and $500 million in Senior Notes due 2026[70]. - The total borrowing capacity available to the company as of September 30, 2025, is $2.506 billion, with $1.119 billion available under the First Lien RCF and $1.387 billion under various vehicle debt facilities[103]. - The company recognized a total interest expense of $1 million for the Exchangeable Notes Due 2030 for the three months ended September 30, 2025, which includes a gain of $1 million on the fair value of the Exchange Feature[87]. Stock and Equity - Hertz's common stock shares increased from 305 million at December 31, 2023, to 307 million by September 30, 2024[21]. - The company has authorized 36,966,397 shares for future grants under the 2021 Omnibus Incentive Plan as of September 30, 2025[131]. - The total fair value of Restricted Stock Units (RSUs) that vested in the nine months ended September 30, 2025, was $39 million, compared to $26 million in the same period of 2024[141]. Tax and Regulatory Matters - The company recorded a tax provision of $50 million for the three months ended September 30, 2025, resulting in an effective tax rate of 21%, compared to a tax benefit of $288 million and an effective tax rate of 18% in the same period of 2024[118]. - The company expects federal cash taxes to decrease in the near term due to the enactment of the One Big Beautiful Bill Act, which reinstates full bonus depreciation and modifies certain tax provisions[121]. Market and Economic Conditions - The Hertz Global common share price was $6.80 as of September 30, 2025, reflecting an increase from $3.66 as of December 31, 2024[170]. - The risk-free interest rate for the Exchange Features 2029 was 3.66% as of September 30, 2025, down from 4.35% as of December 31, 2024[170].

Exhibit 99.1 HERTZ TRANSFORMATION DRIVES RECORD UTILIZATION AND RETURN TO EPS PROFITABILITY ------------------------------------------------------------------------------------------------------------------ "This quarter proves that we're delivering on our commitments: driving strong results through focused execution and operational discipline," said Gil West, CEO of Hertz. "Throughout this transformation, we're rebuilding our foundation while sharpening our skills and capabilities, creating a new platform ...

Core Insights - The article introduces Vasileios Prassas as a new contributing analyst for Seeking Alpha, emphasizing his experience and focus on asymmetric investment opportunities [2]. Group 1 - The analyst has ten years of experience in investment analysis, having worked for notable firms such as Morgan Stanley Investment Management [2]. - The analyst specializes in identifying investment opportunities where companies have faced strategic missteps but have the potential to recover [2]. - The analyst intends to contribute investment ideas infrequently, highlighting the rarity of great investment opportunities [2].

Core Viewpoint - Hertz has promoted Mike Moore to the position of Chief Operating Officer, indicating a strategic move to enhance operational leadership within the company [1] Company Summary - Mike Moore's promotion reflects Hertz's commitment to strengthening its executive team and operational efficiency [1] - The decision to elevate Moore to COO suggests a focus on improving service delivery and operational performance in the car rental industry [1]

Core Insights - Carvana has seen a significant recovery post-pandemic, with shares up approximately 90% year-to-date following an upgrade from Jefferies analysts from hold to buy [1][2] - The company reported record car sales of 133,898 units, revenue of $4.2 billion, and net income of $373 million in the first quarter, despite facing challenges such as tariffs and allegations of accounting fraud [2][3] - Carvana's stock is now trading above its pandemic-era peak at $395, with Jefferies projecting a potential 10% market share in the $800 billion used car sales market by 2035 [3][5] Company Performance - In the first quarter, Carvana achieved record metrics: 133,898 car sales, $4.2 billion in revenue, and $373 million in net income [2] - The second quarter also saw record car sales and revenue, although profitability experienced a slight decline due to external factors like tariffs [2] - Carvana currently holds a 2% share of the used car sales market, with potential for growth as consumer preferences shift towards online purchasing [5] Market Dynamics - Only 5% of used car sales are completed online, indicating a significant opportunity for Carvana as 33% of U.S. adults prefer online purchases if prices are comparable [5] - Carvana is enhancing its inventory through upgrades to reconditioning facilities and is expected to see over 40% year-over-year unit sales growth for the third consecutive quarter [5]