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]

Core Insights - Hertz Global Holdings, Inc. (HTZ) shares increased by 37.55% to $6.80 following the announcement of a return to profitability in Q3 [1] - The company reported a net income of $184 million, or $0.42 per share, compared to a loss of $1.33 billion, or $4.34 per share, in the same quarter last year [1] - Revenue for the quarter decreased by 4% to $2.48 billion from $2.58 billion year-over-year [1] Stock Performance - The stock opened at $5.73 and fluctuated between $5.60 and $7.12 during the trading session on Nasdaq, closing at $7.05 compared to a previous close of $4.94 [2] - Trading volume surged to approximately 82.8 million shares, significantly higher than the average of 9.2 million shares [2] - Over the past 52 weeks, Hertz shares have traded within a range of $2.87 to $9.39 [2]

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]