HTZ news

Hertz achieved its best quarterly revenue and adjusted EBITDA in three years, supported by pricing power and fleet efficiency. The results demonstrate consistent operational momentum and margin expansion amid flat capacity.

Hertz Corporation announced a definitive contribution agreement with Oro Mobility Holdings to acquire the Sparks-based EV logistics business and associated assets for $150 million in cash, aiming to bolster its EV fleet capabilities.

Hertz Global Holdings and CK Amarillo LP have signed an amended and restated voting agreement dated August 20, 2026. The update replaces the arrangement from March 19, 2025.

Hertz reported Q2 2026 revenue of $2.4 billion, up 10% year-over-year, demonstrating strong commercial execution. The strong performance was attributed to record pricing and continued fleet and operational transformation.

Hertz plans to lend $100 million of common stock to J.P. Morgan Securities to facilitate hedging for investors in a private placement of Exchangeable Notes due 2030. The transaction will not provide proceeds to the operating company.

Hertz Vehicle Financing III LLC issued $500 million in Series 2026-1 rental car asset-backed notes with rates ranging from 5.09% to 9.64% across five classes. The offering demonstrates Hertz's continued access to capital markets for fleet financing following its 2020 bankruptcy emergence.