Hertz surges after swinging to third-quarter profit

Road to recovery: Estero-based Hertz sees its first profitable quarter in two years

Rental car giant Hertz saw its first profitable quarter in two years. In the third quarter, it earned $184 million, or 42 cents a share, before adjustments.

Hertz surges after swinging to third-quarter profit

(Reuters) -Hertz Global swung to a third-quarter profit after nearly two years on Tuesday, as the company relied on used vehicle sales and a newer fleet of rental cars to drive demand, sending its shares up 27% in premarket trading. The company has attempted to diversify operations by revamping its vehicle fleet and offering a fully online car-buying marketplace to contend with a slowdown in rental activity. A slump in demand prompted it to shed…

Hertz Surges After Swinging to Third-Quarter Profit

Hertz Swings to Profit on Plan to Cut Costs in Car Rental Fleet

Dealer Auction posts robust Q3 as retail vehicle value surges to £145m

Dealer Auction has reported a strong third quarter, with £145.3 million in retail vehicle value traded through its digital platform.

Hertz reports Q3 profit as cost controls, retail strategy pay off

On the Dash: Hertz reported a surprise Q3 profit of 12 cents per share, reversing last year’s loss. Cost reductions and expanded retail car sales drove the company’s turnaround. Despite lower daily revenue, Hertz improved fleet utilization to a record 84%. Hertz Global Holdings reported a stronger-than-expected third-quarter profit, driven by significant cost reductions and improved fleet management, signaling progress in the rental company’s o…