Hertz is trading $2.42 (+6.39%) after investors continued responding to its August 6 earnings report, which showed $2.4 billion revenue, $64 million GAAP profit, and $81 million adjusted EBITDA above guidance.
- Stronger pricing and improving profitability supported the rally; revenue increased 10% year over year despite a smaller fleet.
- Elevated short interest may be amplifying gains through covering activity, while the broader market is slightly weaker, making the move primarily company-specific.