NYSE$HTZ
Hertz Global Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Hertz reported a net loss due to increased vehicle depreciation, despite healthy demand and revenue strategy execution.
Hertz Global Holdings reported second quarter 2024 results with a revenue of $2.4 billion. The company experienced a GAAP net loss of $865 million, or $2.82 loss per diluted share, and an adjusted net loss of $440 million, or $1.44 loss per diluted share. Adjusted Corporate EBITDA was negative $460 million, primarily due to a significant increase in vehicle depreciation. The company raised $1 billion to bolster liquidity and de-risk its fleet refresh, with corporate liquidity at $1.8 billion at the end of the quarter.
- Revenue reached $2.4 billion, with healthy demand and focus on rate prioritization.
- GAAP net loss was $865 million, or $2.82 loss per diluted share.
- Adjusted net loss amounted to $440 million, or $1.44 loss per diluted share.
- Adjusted Corporate EBITDA was negative $460 million, impacted by increased vehicle depreciation.
Headline financials
Revenue & EPS history
Hertz · Revenue · Quarterly
$2.35B
Forward guidance
Hertz expects to substantially complete its fleet refresh by the end of 2025, normalizing DPU in the low $300s.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2024
+1.7%
Avg return
Earnings day
+2.5%
Avg return
5 days after
-3.5%
Avg return
30 days after
53%
10 / 19 earnings
Positive
+36.2%
Q3 2025
Best reaction
-23.8%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -1.6% | -4.1% | -17.4% | |
| Q4 2025 | +1.8% | -1.8% | +4.1% | |
| Q3 2025 | +36.2% | +33.2% | +4.0% | |
| Q1 2025 | -17.2% | -4.0% | -12.2% | |
| Q4 2024 | -8.5% | +5.4% | -10.4% | |
| Q3 2024 | +12.5% | +20.2% | +27.0% | |
| Q2 2024 | -9.3% | -11.0% | -25.5% | |
| Q1 2024 | -23.8% | -21.6% | -17.6% | |
| Q4 2023 | +6.7% | +2.8% | -8.6% | |
| Q3 2023 | -14.8% | -16.7% | -15.1% | |
| Q2 2023 | -11.1% | -8.2% | -5.9% | |
| Q1 2023 | +10.1% | +7.0% | +4.6% | |
| Q4 2022 | +7.5% | +3.6% | +4.5% | |
| Q3 2022 | -1.0% | -5.3% | -9.9% | |
| Q2 2022 | +23.0% | +18.2% | +9.1% | |
| Q1 2022 | -4.7% | -11.0% | -12.6% | |
| Q4 2021 | +10.0% | +13.1% | +26.1% | |
| Q3 2021 | +14.8% | +29.8% | -11.6% | |
| Q2 2021 | +2.4% | -2.7% | +0.4% | |
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