Hertz Q1 2026: Strong Growth & New Mobility Arm

Hertzs Q1 2026 earnings showcase robust growth, with revenue surging 11% to $2B, marking the strongest growth in three years. Despite a net loss, adjusted EBITDA improved by $141M YoY. The company is excelling in key metrics like depreciation per unit under $300 and revenue per unit nearing $1500 by 2026. Fleet managements strategic approach has resulted in the youngest fleet in a decade. Commercial plays boosted revenue and transaction days, despite challenges. Customer satisfaction soared, with NPS up 50% last year and record highs in Europe. Hertz launched Oro, a new mobility arm partnering with Uber for rideshare fleets, and is exploring autonomous tech. The company aims to maintain low single-digit fleet growth and mid-single-digit days, targeting EBITDA margins of 3-6% and $1B EBITDA by 2027. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/db44bc1f67874f47