Category: Press Release

Hertz Announces Q3 2026 Results, Strongest Quarterly Revenue and EBITDA Performance in Three Years
“We delivered our strongest quarterly revenue and Adjusted Corporate EBITDA performance in three years, driven by continued revenue growth and margin expansion on flat capacity,” said Gil West, Chief Executive Officer of Hertz. “The underlying progress in our core U.S. rental business is meaningful, and we see significant opportunity ahead as we continue to improve execution, expand our franchise model and build new sources of earnings and value across the Hertz platform.”

ESTERO, Fla, November 5, 2026 – Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz,” “Hertz Global,” or the “Company”) today reported results for its third quarter 2026.

Q3 2026 HIGHLIGHTS
- Revenue totaled $2.6 billion in the third quarter, up approximately 6% year over year and the Company’s best quarterly revenue performance in three years.
- Year-over-year Revenue per Unit (RPU) and Revenue per Day (RPD), each increased approximately 5%, marking the third consecutive quarter of sequential improvement. Strong pricing in the Company’s U.S. core business, where RPD increased approximately 8%, was achieved despite lower TSA volumes. U.S. strength was partially offset by softness in International.
- GAAP net income for the quarter totaled $116 million, down from $184 million the year before, and Diluted GAAP EPS was $0.20. Adjusted net income was $67 million and Adjusted Diluted EPS was $0.14.
- Adjusted Corporate EBITDA was $233 million, representing a 15% year-over-year improvement and the Company’s best quarter of Adjusted Corporate EBITDA in three years.
- Net Depreciation per Unit per Month (Net DPU) was $285 in the third quarter, consistent with the Company’s expectations. At an average age of nine months, Hertz’s U.S. core fleet is the youngest it has been in 12 years.
- Direct Operating Expense (DOE) per Day increased 6% year over year and Adjusted DOE per Day increased approximately 5% year over year, including approximately 240 basis points of revenue-related expenses associated with higher RPD. The remaining increase primarily reflected higher collision and maintenance expense.
- The spread between RPD and Adjusted DOE per Day improved by approximately 5% on a year-over-year basis, representing the fourth consecutive quarter of year-over-year spread improvement.
- Hertz ended the third quarter with approximately $946 million of liquidity.
- Hertz recently announced that Oro Mobility (Oro) secured an $80 million strategic equity investment from a consortium of investors, giving Oro the dedicated capital, talent, flexibility and strategic focus to scale as a standalone growth platform across the evolving mobility ecosystem. Oro drivers have completed more than ten million miles to date and its first AV partnership is now underway in the San Francisco Bay Area.
Q3 SUMMARY

Hertz’s third quarter results reflected continued progress in its transformation, led by strong commercial performance and disciplined fleet management. The Company delivered $2.6 billion in revenue, $67 million in adjusted net income, and $233 million in Adjusted Corporate EBITDA. The revenue and Adjusted Corporate EBITDA results were the Company’s strongest quarterly results in three years.

Commercial momentum remained strong in the quarter, with RPU increasing approximately 5% to $1,639 and RPD increasing approximately 5% year over year. This marked the third consecutive quarter of sequential improvement in both metrics despite a softer revenue environment in our International segment. The Company continues to execute its commercial playbook, with stronger demand generation, more sophisticated pricing and disciplined fleet management at the local level driving performance. These efforts drove an approximately 8% year over year RPD increase in the U.S. core business.

Adjusted DOE per Day increased approximately 5% year over year. Approximately 240 basis points of that increase was due to with revenue related expenses associated with higher RPD. Beyond those revenue driven costs, DOE was pressured by elevated collision and maintenance costs, and broader inflationary pressures. The Company is taking actions to reduce repair costs, improve labor productivity and vehicle utilization, as well as strengthen damage recovery and collections.

The spread between RPD and Adjusted DOE per Day improved by $1.36 globally, or approximately 5%, year over year, with improvement of more than $2.50 in the U.S. Hertz is increasingly focused on this spread as an important indicator of its ability to convert stronger revenue performance into improved operating economics.

Fleet economics remained stable, with Net DPU of $285 per month, consistent with the Company’s expectations. Today, Hertz operates one of its youngest U.S. core fleets in a dozen years and remains disciplined on model-year 2027 purchases to support current DPU levels while enhancing customer choice.

The Company ended the quarter with approximately $946 million of liquidity, including cash and cash equivalents and available capacity under its revolving credit facility.

PLATFORM FOR GROWTH

Hertz’s transformation remains focused on strengthening its core rental business while creating additional sources of earnings and value from capabilities the Company has built over decades across Rental, Service, Fleet, and Mobility. In September, Hertz aligned its organizational structure to its platform, with dedicated leaders accountable for each area’s performance.

In Rental, the Company is pursuing strategic franchise opportunities across multiple geographies, supporting a more locally operated and capital-efficient business model. It recently signed an agreement with its existing Baltic franchise partner to transition its operations in the Czech Republic and Slovakia to a franchise model.

In Service, the Company is leveraging its core capabilities to create new revenue streams and growth opportunities. Hertz has extended its vehicle transportation capabilities to third-party customers, including dealerships, fleet management companies and retail customers, with approximately 50,000 vehicle moves expected this year.

In Fleet, Hertz continues to advance its Hertz Car Sales retail strategy to prioritize higher-yielding digital channels and build on the scale of its rental business. The Company recently launched Test Drive+, an enhanced iteration of its high-conversion Rent2Buy program, at neighborhood rental locations. The Company is also expanding the use of AI in lead management, customer communications and reporting to improve efficiency and conversion, while deepening relationships with a select group of the nation’s largest used-vehicle retailers.

In Mobility, Hertz recently announced that Oro secured an $80 million strategic equity investment from new and existing investors, establishing it as a standalone growth platform. Hertz retains majority economic ownership of Oro and continues to support the business as its fleet and corporate services partner, enabling Hertz to participate in Oro’s growth. Oro continues to scale, with more than 10 million miles logged across its driver-led managed fleet business to date and its first AV partnership is now underway in the San Francisco Bay Area.

EARNINGS WEBCAST INFORMATION

Hertz Global’s live webcast and conference call to discuss its third quarter 2026 results will be held on November 5, 2026 at 9:00 a.m. Eastern Time. The conference call will be broadcast live in listen-only mode on the Company’s Investor Relations website at IR.Hertz.com. If you would like to access the call by phone and ask a question, please go to https://events.q4inc.com/analyst/285339932?pwd=Vh4M4tvc, and you will be provided with dial in details. Investors are encouraged to dial in approximately 15 minutes prior to the call. A web replay will remain available on the website for approximately one year. The earnings release and related supplemental schedules containing the reconciliations of non-GAAP measures will be available on the Hertz website, IR.Hertz.com.

ABOUT HERTZ

Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with approximately 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. The Company holds a majority stake in Oro, which provides integrated fleet management solutions across both driver-led and autonomous segments. For more information about Hertz, visit www.hertz.com.

Read the full results.
November 5, 2026
Hertz Survey Reveals How Travelers Are Adapting Their Holiday Plans Amid Higher Travel Costs
Travelers are prioritizing affordability this holiday season by choosing road trips, extending stays and leaving earlier

ESTERO, Fla., Oct. 29, 2026 – Americans are adapting their holiday travel plans in response to rising travel costs, according to new survey and booking data from Hertz. Six in 10 respondents planning to travel for Thanksgiving and the December holiday period say higher airfares make them more likely to drive. Among respondents planning to travel for Thanksgiving, 37% say they are driving instead of flying to save money on holiday travel.

As travelers weigh driving against higher airfares, Hertz advance reservations offer another indicator of holiday driving plans: bookings are up 16% year over year for Thanksgiving and 7% for Christmas and New Year’s.

“Travelers are looking for ways to stretch their holiday budgets without giving up time with family and friends,” said Chris Berg, President of Rental at Hertz. “For families or groups traveling together, loading everyone into a rental car rather than buying several airline tickets may help make the trip more affordable and give them more flexibility over when they come and go.”

Holiday Travel by the Numbers
Americans continue to prioritize holiday travel despite ongoing cost pressures. Nearly half of respondents (48%) plan to travel for Thanksgiving, while 44% plan to travel during the Christmas and New Year’s holiday period.

As affordability remains top of mind:
- More than one-third of Americans (37%) say travel costs are affecting their Thanksgiving plans, whether by changing plans, cutting costs elsewhere or staying home altogether.
- Among all survey respondents, 45% would consider a drive of two to six hours rather than flying for Thanksgiving, and another 32% would consider seven hours or more.
Thanksgiving Travel Outlook
Among respondents planning to drive for Thanksgiving, 32% plan to leave the weekend before the holiday and 31% plan to depart on Wednesday, Nov. 25. Hertz booking data indicates the busiest rental pickup dates will be Tuesday, Nov. 24, and Wednesday, Nov. 25.

Top Thanksgiving destinations based on Hertz demand:
1. Orlando
2. Phoenix
3. Las Vegas
4. Atlanta
5. Denver
Orlando remains the top Thanksgiving destination for the second year based on Hertz bookings, while Phoenix, Las Vegas and Atlanta posted the largest increases in ranking compared with 2025.

Small and standard SUVs are the most-booked vehicle categories, with vehicles seating seven or more travelers expected to sell out first.

Christmas and New Year’s Travel Outlook
Among respondents planning to travel between Dec. 20 and Jan. 4, nearly two-thirds (65%) say they are using vacation/PTO, remote work or both to make their holiday trips longer.

Hertz expects the busiest rental pickup dates to be Dec. 23, Dec. 24 and Dec. 26.

Top Christmas and New Year’s destinations based on Hertz demand:
1. Orlando
2. Los Angeles
3. Phoenix
4. Las Vegas
5. Oahu
Phoenix and Florida destinations are seeing the largest increases in advance reservations compared with last year’s holiday travel period.

Small and standard SUVs are also the most-booked vehicle categories for year-end travel, with vehicles seating seven or more travelers expected to sell out first.

Holiday Travel Saving Tips
With higher airfares making driving a more likely option for many holiday travelers, Hertz highlights ways travelers could stretch their holiday budgets on car rentals.
- Book ahead: Just as airfare tends to rise closer to departure, rental vehicle demand increases as the holidays approach. Reserving early can help travelers secure lower rates before peak holiday periods.
- Pick up before the Thanksgiving rush: Hertz rental data suggests travelers could find lower rates by picking up their vehicle the weekend before Thanksgiving.
- Compare pickup days: Hertz rental trends suggest travelers may find lower daily rates by picking up on Sundays, Mondays and Tuesdays in November and December.
- Look for seasonal savings: Check Hertz’s current promotions for additional savings, including its upcoming Cyber Sale offering up to 30% off qualifying rentals starting Nov 20.
*The Hertz holiday travel release combines Hertz internal booking data with a Zappi survey of 1,000 U.S. adults. Survey figures refer to all respondents unless a specific travel group is identified. The December holiday travel period is Dec. 20–Jan. 4.

About Hertz
Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with approximately 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. The Company’s operating affiliate, Oro Mobility, provides integrated driver-led and autonomous fleet management solutions across a range of mobility segments. For more information about Hertz, visit www.hertz.com.
October 29, 2026
Hertz-Backed Oro Mobility Secures $80 Million Strategic Equity Investment to Accelerate Independent Growth

Investment positions Oro to scale its platform across driver-led and autonomous mobility models

ESTERO, Fla., October 20, 2026 – Hertz Global Holdings, Inc. (NASDAQ: HTZ) today announced that Oro Mobility has secured an $80 million strategic equity investment from a consortium of investors, including Cohen Private Ventures and certain funds or accounts affiliated with each of Certares Opportunities LLC and/or Knighthead Capital Management, LLC or an affiliate. This investment establishes Oro as a standalone growth platform, with the dedicated capital, talent, flexibility and strategic focus to scale across the evolving mobility ecosystem.

Built on Hertz’s century of expertise in fleet operations, maintenance, logistics and asset management, Oro fills a critical gap in the transition from personal vehicle ownership to driver-led and autonomous fleets. Serving as the ownership, orchestration and operations layer, Oro connects vehicles, technology providers and consumer demand through a seamless operating platform. Today, Oro partners with leading mobility companies to deliver integrated solutions safely, reliably and at scale, operating approximately 45,000 vehicles across every major U.S. mobility market.

Hertz established Oro as part of its transformation strategy, leveraging its core capabilities and expertise to capture new opportunities for growth. Hertz will retain majority economic ownership of Oro and support the business as its fleet and corporate services partner, enabling Hertz to participate in Oro’s growth while Oro continues to benefit from Hertz’s operational capabilities and scale. The new capital will support the expansion of Oro’s fleet, operational infrastructure, technology capabilities, talent and strategic partnerships across rideshare rentals, driver-led fleet management and autonomous vehicle fleet management.

“At Hertz, our strategy is anchored in the belief that our century of expertise can lead a new era of mobility, and Oro is a powerful example of that in action,” said Gil West, CEO of Hertz and Executive Chairman of Oro Mobility. “As ride-hail demand expands, autonomous vehicle deployments accelerate and consumers increasingly choose mobility services over personal car ownership, demand is growing for purpose-built operators like Oro. This investment underscores the strong foundation we’ve built at Oro and the immense opportunity ahead, validating both Oro’s trajectory and Hertz’s transformation strategy.”

“The future of mobility will be powered by professionally managed fleets,” said Doria Holbrook, CEO of Oro Mobility. “As new mobility models emerge, there will be growing demand for companies that can own, finance, operate and maintain vehicles at scale while delivering safe, reliable service. Oro was built to fill that role. This investment gives us the capital, focus and strategic partners to accelerate our growth and support the evolving mobility ecosystem.”

“We believe Oro has established a differentiated position in a growing and dynamic mobility market,” said Andrew B. Cohen, Chief Investment Officer and Co-Founder of Cohen Private Ventures. “We look forward to supporting the team as they continue to scale Oro, strengthen its capabilities and deliver long-term value.”

About Oro Mobility

Oro Mobility (Oro) is a fleet platform built for the next era of mobility, connecting vehicles, technology providers and demand platforms at scale. Designed as the industry’s critical ownership, orchestration and operations layer, Oro operates across three business lines: rideshare rentals, driver-led fleet management and autonomous vehicle fleet management. Hertz Global Holdings, Inc., its majority owner, established Oro to expand beyond its core rental business. For more information about Oro, visit www.oromobility.com.

About Hertz

Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. The Company holds a majority stake in Oro Mobility, which provides integrated fleet management solutions across both driver-led and autonomous segments. For more information about Hertz, visit www.hertz.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws. Words such as “expect,” “will,” and “intend” and similar expressions identify forward-looking statements, which include but are not limited to statements related to our expectations with respect to our strategy, vision, operational and technology capabilities, growth prospects, forward looking investments, partnerships, and conditions in the travel or mobility industries. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including risks and uncertainties described in our risk factors that we identify in our most recent annual report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 26, 2026, and any updates thereto in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. We caution you not to place undue reliance on our forward-looking statements, which speak only as of their date, and we undertake no obligation to update this information.

October 20, 2026
Hertz Car Sales Expands Three-Day Test-Drive Experience to 300+ Hertz Locations Nationwide
TestDrive+ gives shoppers up to three days to experience a vehicle before deciding whether to buy

ESTERO, Fla., October 15, 2026 – Hertz Car Sales today announced that its extended test-drive program is now available at more than 300 participating Hertz neighborhood rental locations nationwide. Now called TestDrive+, the program gives shoppers the opportunity to take home the exact vehicle they are considering and experience it in their everyday lives.

TestDrive+ responds to growing demand for more time behind the wheel before purchase. New Hertz Car Sales research found that 59% of used-car buyers would seek out or use a three-day test drive before making one of life’s biggest purchases.*

“Buying a car is a big decision, and customers have told us they want more time and flexibility to get it right,” said Jeff Adams, Executive Vice President of Hertz Car Sales. “By bringing TestDrive+ to more Hertz neighborhood rental locations, we’re making it easier for shoppers to experience a vehicle on their terms and choose with confidence.”

Formerly known as Rent2Buy, TestDrive+ offers more than a traditional test drive. Instead of a short drive with a salesperson, shoppers can evaluate the vehicle independently – an approach that sets Hertz Car Sales apart among major used-car retailers.

For a daily drive fee, shoppers can keep the vehicle for up to three days to see how it handles their commute, fits in the garage and accommodates passengers, car seats, groceries or gear. Hertz waives the fee if they purchase the vehicle.**

The additional time helps shoppers understand how a vehicle fits their daily routine – from the commute and garage fit to passengers, car seats, groceries or gear. Even as consumers grow more comfortable researching and purchasing vehicles online, many still value seeing a vehicle firsthand.

How TestDrive+ Works
1. Choose a vehicle. Browse eligible TestDrive+ vehicles on HertzCarSales.com and schedule a time to pick up the one you want to try at a Hertz Car Sales location or participating Hertz neighborhood rental location.
2. Live with it for up to three days. Drive the vehicle under real-life conditions for a daily drive fee.
3. Decide with confidence. Return the vehicle if it’s not the right fit or purchase it and Hertz will waive the fee.
TestDrive+ is part of Hertz Car Sales’ broader effort to make vehicle shopping more flexible and convenient. Customers can explore high-quality used vehicles at Hertz Car Sales and participating Hertz neighborhood rental locations, or shop and complete their purchase online through HertzCarSales.com, Amazon Autos or eBay.

Across these shopping options, customers can browse thousands of near-new cars, SUVs and trucks from the Hertz rental fleet. The majority of eligible TestDrive+ vehicles are 2025 or 2026 models, underscoring the breadth of newer inventory available through the program.

All Hertz Car Sales vehicles are regularly and professionally maintained. Eligible vehicles come with 100K Mile Protection, a 3-year/100,000-mile limited powertrain warranty at no additional charge, subject to program terms and eligibility requirements. Together with transparent, no-haggle pricing, these benefits provide added peace of mind and long-term value.

Shoppers can learn more about TestDrive+ and explore available vehicles near them at HertzCarSales.com.

*Source: Hertz Car Sales consumer research and market analysis, 2026.

**Subject to TestDrive+ daily rental fee and Hertz rental agreement terms. Vehicle availability, pricing and purchase options vary by location. Daily drive fees are waived upon purchase of the tested vehicle. Additional terms and eligibility requirements apply.

About Hertz Car Sales

Hertz Car Sales offers one of the largest selections of near-new vehicles in the U.S. used retail market through its on-lot inventory and TestDrive+ program. Customers can access newer vehicles at used-car prices while benefiting from vehicles that have been regularly maintained throughout their lifecycle. Learn more at HertzCarSales.com.

For more information, contact:
mediarelations@hertz.com
October 15, 2026
Hertz Global Holdings, Inc. to Announce Third Quarter 2026 Financial Results on November 5, 2026

ESTERO, Fla., October 5, 2026 – Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the “Company”) announced today that it plans to report its third quarter 2026 financial results at 8:00 a.m. ET on Thursday, November 5, 2026, followed by an earnings call at 9:00 a.m. ET.

A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://ir.hertz.com. To access the call by phone, please register through this link: Hertz Q3 2026 earnings teleco registration, and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A web replay will remain available on the website for approximately one year.

ABOUT HERTZ

Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with approximately 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. The Company’s operating affiliate, Oro Mobility, provides integrated driver-led and autonomous fleet management solutions across a range of mobility segments. For more information about Hertz, visit www.hertz.com.

For more information, please email investorrelations@hertz.com or mediarelations@hertz.com.

October 5, 2026
Hertz Car Sales Introduces 100K Mile Protection, Raising the Bar for Confidence in Used Vehicle Ownership
New 3-Year/100,000-Mile Powertrain Limited Warranty comes at no additional cost to give used-vehicle buyers greater peace of mind

ESTERO, Fla., August 25, 2026 – With Americans keeping vehicles longer than ever and seeking greater reliability and protection from unexpected repair costs, Hertz Car Sales today introduced 100K Mile Protection. This industry-leading protection includes a 3-Year/100,000-Mile Powertrain Limited Warranty on eligible vehicles at no additional charge and offers substantially longer coverage than the standard warranties offered by many leading competitors*. Combined with one of the largest selections of single-owner, near-new vehicles in the U.S. used retail market, with inventory typically one year old or newer, 100K Mile Protection reinforces Hertz Car Sales’ commitment to quality, reliability and affordability.

Providing Reassurance Against Rising Maintenance Costs
Industry data shows the average age of vehicles on U.S. roads has reached a record 12.8 years, while AAA estimates the average cost of owning and operating a vehicle exceeds $11,500 annually. Research commissioned by Hertz Car Sales found that 79% of buyers say maintenance costs are an important factor when purchasing a vehicle, highlighting the growing focus on long-term ownership expenses and reliability**.

The study also found that trust in a dealership more than doubled when consumers learned it was Hertz Car Sales, increasing from 35% for a typical used-car dealer to 72% for Hertz Car Sales. This significant trust advantage underscores the strength of the Hertz brand in a category where confidence and reliability remain critical considerations for vehicle buying decisions. Building on that trust and consumer need, Hertz Car Sales is introducing 100K Mile Protection to help give customers greater assurance throughout the ownership experience.

Maximizing Protection with “Near-New” Vehicles
Through its on-lot inventory and Rent2Buy® program, Hertz Car Sales offers one of the largest selections of single-owner, near-new vehicles in the U.S. used retail market. With inventory typically one year old or newer, customers can access newer vehicles at used-car prices while benefiting from vehicles that have been regularly maintained throughout their lifecycle. Many eligible vehicles may still have remaining manufacturer warranty coverage, giving customers an additional layer of protection beyond Hertz Car Sales’ included 3-Year/100,000-Mile Powertrain Limited Warranty.

“Consumers are keeping vehicles longer and placing greater importance on reliability, protection and long-term value,” said Jeff Adams, Executive Vice President of Hertz Car Sales. “100K Mile Protection reflects our commitment to helping customers buy and own their next vehicle with greater confidence. Combined with our large selection of single-owner, near-new vehicles that are typically one year old or newer, it gives customers added peace of mind from the day they purchase and throughout their ownership journey.”

Program Terms and Additional Benefits
Available on eligible vehicles, generally defined as those that are five model years old or newer with fewer than 75,000 miles at the time of sale, the warranty provides coverage for specified major powertrain components. Covered areas include specified components of the engine, transmission/transaxle, and drive axle. A $100 deductible applies per covered repair visit.

Coverage begins on the effective date listed in the customer’s warranty agreement and continues for up to 36 months or until the vehicle reaches 100,000 total odometer miles, whichever occurs first. The warranty is non-transferable to subsequent owners.

For certain covered mechanical breakdowns, customers may also be eligible for additional complimentary benefits, subject to terms, limits, and eligibility requirements:
- Rental car reimbursement
- Towing reimbursement
- Travel breakdown reimbursement
100K Mile Protection builds on Hertz Car Sales’ broader commitment to affordable vehicles, easy financing and a more confident ownership experience. Through its nationwide retail network, online shopping and buying capabilities, digital financing tools and Rent2Buy program, Hertz Car Sales provides multiple convenient pathways to help customers find, finance and purchase the vehicle that best meets their needs.

For complete warranty details, exclusions, and terms and conditions, customers can visit HertzCarSales.com.

*Available for eligible vehicles. Additional terms and exclusions apply. Competitive claim is based on the Company’s review of publicly available warranty information from major national used-vehicle retailers.
**Source: Hertz Car Sales consumer research and market analysis, 2026.

About Hertz Car Sales
Hertz Car Sales offers an extensive range of quality pre-owned cars, SUVs, and trucks at competitive prices. Through its extensive retail network and convenient online platform, Hertz Car Sales’ commitment to quality, transparency, and customer satisfaction means no hidden fees, detailed vehicle histories and straightforward pricing. Vehicles undergo comprehensive inspections and maintenance, ensuring customers purchase reliable vehicles they can trust. Learn more at hertzcarsales.com.

For more information, contact: mediarelations@hertz.com
August 25, 2026
Hertz Data Shows Road Trips Will Dominate Fall Travel as Millennials Fuel the Trend
Road trips outpace air travel this season as new survey and booking data reveal where and when America is traveling

ESTERO, Fla. – August 19, 2026 – Fall travel is shaping up to be a season of the open road. New survey data from Hertz shows nearly half of U.S. adults (46%) plan to travel this fall, with road trips significantly outpacing air travel.

Nearly 60% of travelers plan to drive to their destination, compared with just 28% whose trip requires a domestic flight. Millennials are leading the trend, proving nearly four times more likely than Baby Boomers to use a rental car as their primary mode of transportation this fall, and combined rental car usage among Gen Z and Millennials far outpaces Boomers – a sign that these generations are choosing the flexibility of a rental over rigid flight itineraries.

More key trends shaping travel plans this season:
- Travelers Want Value Without Giving Up Experiences. Americans are balancing budgets with memory-making this fall. Nearly one-third (31%) say they are seeking budget-friendly getaways, while an identical share (31%) is willing to spend more on memorable experiences – suggesting travelers are carefully weighing value against adventure rather than defaulting to the cheapest option.
- Millennials and Gen Z are Driving the Experience Economy. Millennials are the generation most likely to say they’re willing to spend more on memorable experiences (33%), followed closely by Gen Z (32%) – together prioritizing meaningful moments over simply finding the lowest price.
- Gen Z is Rewriting the Rules of Travel Planning. While older travelers are more likely to embrace loose plans and figure things out as they go, Gen Z stands out for taking a more structured approach. More than one-quarter (26%) prefer a fully planned itinerary, and 34% are planning travel earlier than in prior years, suggesting younger travelers are prioritizing preparation, value and availability.
- City Escapes, Beach Getaways and Small-Town Charm Top the List. Major cities rank as the most popular destination type (39%), followed by beach destinations (27%) and small towns (25%), highlighting travelers’ desire for both energy and relaxation. Mountain destinations, national parks and rural countryside escapes also remain popular choices.
- The Southeast Emerges as Fall’s Most Popular Region. More than one-quarter of travelers (28%) plan to visit the Southeast this fall, making it the season’s most popular region. The mix of beaches, vibrant cities, warm weather and college football continues to draw travelers.
- Fall Foliage Travel Is Building Momentum. Hertz booking trends show early demand building in Boston, Portland and Hartford, while destinations across New England and the Western Mountain region are experiencing double-digit year-over-year growth. The week of October 5 is currently showing the strongest demand build for fall travel.
Labor Day Travel by the Numbers
Labor Day remains one of the busiest travel weekends of the year. Hertz booking trends show:
- September 4 is expected to be the busiest vehicle pickup date leading into Labor Day weekend.
- SUVs and minivans remain the most popular vehicle categories, reflecting continued demand for family and group travel.
- Top Labor Day destinations based on demand include Orlando, Denver, Los Angeles, Las Vegas and Boston.
- Seattle broke into the top ten destinations this year, while Las Vegas, Sacramento, Philadelphia, Portland (Ore.) and San Diego are experiencing the strongest growth in demand compared with Labor Day travel last year.
Smart Moves for Fall Travel
With demand building throughout the season, Hertz recommends a few simple ways travelers can make the most of fall travel:
- Match Your Vehicle to Your Adventure. Whether you’re leaf peeping or exploring mountain roads, choose a vehicle that makes the journey memorable. Hertz offers options like a Jeep Wrangler, Jeep Wagoneer, Ford Bronco and INEOS Grenadier, combining standout style and plenty of room for passengers and gear.
- Let AI Help Plan Your Trip. Travelers looking for guidance can use the new Hertz plugin in ChatGPT to compare vehicle options, explore available services and receive personalized recommendations based on their travel plans before seamlessly booking on Hertz.com.
- Take Advantage of Shoulder-Season Savings. Hertz’s September Flash Sale offers 20% off most vehicle classes for bookings made September 1–14, with pickups from September 7 through December 15 – helping travelers plan everything from foliage road trips to holiday getaways.*
The Hertz fall travel release combines Hertz internal booking data with a Morning Consult survey of 2,001 U.S. adults conducted August 11-13, 2026.
*Discount applies to Pay Later base rate only. Additional terms & exclusions apply.

About Hertz
Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with approximately 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. The Company’s operating affiliate, Oro Mobility, provides integrated driver-led and autonomous fleet management solutions across a range of mobility segments. For more information about Hertz, visit www.hertz.com.
August 19, 2026
Hertz Announces Q2 2026 Results, Highlights Strong Commercial Momentum and Continued Transformation Progress
“This quarter’s results reflect the disciplined execution of our strategy and our consistent commercial strength,” said Gil West, Chief Executive Officer of Hertz. “Our performance demonstrates the progress we’re making in transforming the business and delivering tangible operational improvements across the company. Revenue increased 10% year over year despite operating with a 1% smaller fleet, driven by our strongest second quarter RPD on record, excluding the extraordinary market conditions in 2022.”

On the Company’s strategic priorities, West added: “To unlock long-term opportunities, we’re strengthening our core business while building a platform for growth across four strategic areas: Rent-a-Car, Service, Fleet, and Mobility. We are applying our commercial, operational, and fleet management capabilities across these areas to drive greater efficiency, establish diverse engines of growth, and create long-term value.”

ESTERO, Fla, August 6, 2026 – Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz,” “Hertz Global,” or the “Company”) today reported results for its second quarter 2026.

Q2 2026 HIGHLIGHTS
- Revenue totaled $2.4 billion in the second quarter, up 10% year over year, driven by Hertz’s strongest second quarter Revenue per Day (RPD) on record, excluding the pandemic peak in 2022.
- Year-over-year Revenue per Unit (RPU) and RPD metrics continued reflecting sequential improvements, with RPU up 8% and RPD up 9% through strong pricing performance.
- GAAP net income for the quarter totaled $64 million and Diluted GAAP EPS was $0.05. Adjusted net loss was $47 million and Adjusted Diluted EPS was $(0.11).
- Adjusted Corporate EBITDA was $81 million, representing a $63 million year-over-year improvement and coming in above the top end of revised guidance.
- Total Utilization was 79% in the second quarter, an increase of 80 basis points year-over-year; excluding elevated recalls, Total Utilization was 81%, up 190 basis points compared to the second quarter of 2025.
- Net Depreciation per Unit per Month (Net DPU) was $302 in in the second quarter, consistent with the Company’s revised guidance. Hertz’s U.S. core fleet now consists of approximately 94% model year 2025 and 2026 vehicles.
- Adjusted Direct Operating Expense (DOE) per Day increased 4% year over year; slightly higher than the Company’s expectations, due primarily to higher revenue-related variable costs and higher expenses related to sale leaseback transactions. When normalizing for these factors and the Days impact of recalls, Adjusted DOE per Day improved approximately 2% year over year.
- The spread between RPD and DOE per Day improved by 17% on a year-over-year basis, representing the third consecutive quarter of year-over-year spread improvement.
- Hertz ended the second quarter with approximately $984 million of liquidity, in line with its prior guidance of just under $1 billion. The Company continues to view liquidity as a growth enabler and remains confident in its ability to fund the business and execute its transformation.
- The Company’s operating affiliate, Oro Mobility, is gaining momentum. Oro drivers have completed more than six million miles to date and its first AV partnership is progressing and expected to begin operations later this year in the San Francisco Bay Area.
Q2 SUMMARY
Hertz’s second quarter results reflect continued progress in its transformation strategy, with disciplined commercial execution driving strong performance across the business. The Company delivered $2.4 billion in revenue, up 10% year over year. Continued commercial momentum drove RPU above both the Company’s expectations and its North Star target, increasing 8% year over year despite elevated recalls. RPD increased 9%, which was Hertz’s strongest second quarter RPD on record, excluding the pandemic peak in 2022. This performance was driven by the continued strength of Hertz’s commercial playbook and its ability to maintain strong supply discipline at airports, as well as a small incremental bonus from the World Cup. As a result of this continued momentum, backed by a more balanced industry supply-demand environment, Hertz’s full-year RPU is expected to trend above its North Star target of $1,500.

The Company produced Net DPU in line with its revised expectations at $302. Forward views on residual values remain stable, and through its disciplined fleet strategy, Hertz expects to achieve its Net DPU target of at or below $300 for the full year. The Company now holds its youngest fleet in a dozen years, with 94% of its U.S. core fleet now comprised of model year 2025 and 2026 vehicles, which Hertz expects will produce better economics than prior model year vehicles.

Adjusted DOE per Day was $37.49, which was slightly higher than the Company’s expectations, driven primarily by higher revenue-related variable costs and higher expenses related to sale leaseback transactions. When normalizing for these factors and the Days impact of recalls, Adjusted DOE per Day improved approximately 2% year over year. As revenue increases, certain operating costs move in tandem, emphasizing the importance of the Company’s RPD-to-DOE per Day spread, which improved 17% year over year, marking the third consecutive quarter of year-over-year spread improvement.

Recall activity was approximately 300% higher year over year and continued to be a measurable headwind to the business, impacting an average of nearly 15,000 vehicles. The estimated year-over-year impact to GAAP Net Income was $27 million and Adjusted Corporate EBITDA was approximately $30 million. Despite that, the Company still produced a significant year-over-year increase in Adjusted Corporate EBITDA.

Hertz ended the quarter with $984 million of liquidity, which includes cash and cash equivalents and the available capacity under our revolving credit facility. This was in line with the Company’s guidance of just under $1 billion. In June, the Company completed the issuance of Exchangeable First Lien Notes Due 2030 for a total of $350 million, which used capacity created through expiring revolving commitments as well as from term loan amortization. In addition, Hertz added an additional $30 million of notes in July as part of the exercising of the greenshoe, bringing the Company’s pro forma liquidity post transaction to slightly over $1 billion.

PLATFORM FOR GROWTH
Hertz’s transformation continues to focus on two complementary objectives: strengthening its core rental business while building a diversified platform for long-term growth. The Company’s platform spans Rent-a-Car, Service, Fleet, and Mobility, each with unique potential to scale, and collectively benefiting from Hertz’s operational, commercial, and fleet management capabilities.

During the second quarter, Hertz advanced several of its highest-priority platform initiatives. It has made great strides in shoring up its Rent-a-Car business. One of the greatest opportunities remains more effectively leveraging the power of the Hertz brand. The Company is focused on realizing the full potential of its franchise business and is evaluating near-term opportunities across its global footprint through both whitespace expansion and conversion activity.

In Fleet, building on its unique competitive advantage as one of the largest dealers in the country, the Company is exploring how to deepen existing relationships with the leading used car companies and establish new partnerships with best-in-class retailers. Hertz continued enhancing its direct retail channels via Hertz Car Sales by growing retail sales volumes, reducing reconditioning costs, and delivering strong F&I performance.

In Mobility, Hertz’s affiliated operating company, Oro, is gaining momentum. Through its driver-led managed fleet business, in which it maintains and operates vehicles for drivers supporting rideshare platforms, Oro is now active in four markets, and its drivers have logged over six million miles to date. This business validates Oro’s ability to deliver turnkey fleet solutions at scale today, while also creating a pathway to operating AV fleets at scale. Oro’s first AV partnership with Uber’s robotaxi program, supporting Lucid vehicles equipped with Nuro autonomous technology, is on track to begin operations later this year in the San Francisco Bay Area.

EARNINGS WEBCAST INFORMATION
Hertz Global’s live webcast and conference call to discuss its second quarter 2026 results will be held on August 6, 2026 at 9:00 a.m. Eastern Time. The conference call will be broadcast live in listen-only mode on the Company’s Investor Relations website at IR.Hertz.com. If you would like to access the call by phone and ask a question, please go to https://events.q4inc.com/analyst/801751158?pwd=MrFxkOG4, and you will be provided with dial in details. Investors are encouraged to dial in approximately 15 minutes prior to the call. A web replay will remain available on the website for approximately one year. The earnings release and related supplemental schedules containing the reconciliations of non-GAAP measures will be available on the Hertz website, IR.Hertz.com.

ABOUT HERTZ
Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with approximately 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. The Company’s operating affiliate, Oro Mobility, provides integrated driver-led and autonomous fleet management solutions across a range of mobility segments. For more information about Hertz, visit www.hertz.com.

Read the Full Results
August 6, 2026
Hertz Global Holdings, Inc. to Announce Second Quarter 2026 Financial Results on August 6, 2026

ESTERO, Fla., July 14, 2026 – Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the “Company”) announced today that it plans to report its second quarter 2026 financial results at 8:00 a.m. ET on Thursday, August 6, 2026, followed by an earnings call at 9:00 a.m. ET.

A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://ir.hertz.com. To access the call by phone, please register through this link: Hertz Q2 2026 earnings teleco registration, and you will be provided with dial-in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A web replay will remain available on the website for approximately one year.

ABOUT HERTZ

Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe. The Company’s operating affiliate, Oro Mobility, provides integrated driver-led and autonomous fleet management solutions across a range of mobility segments. For more information about Hertz, visit www.hertz.com.

For more information, please email investorrelations@hertz.com or mediarelations@hertz.com.

July 14, 2026
Hertz Announces Completion of $350 Million of Exchangeable Senior First-Lien Secured PIK Notes

Successful offering highlights continued confidence in strategy and execution

ESTERO, Fla. – June 29, 2026 — Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz” or the “Company”), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation (“Hertz Corp.”), has completed an offering of $350 million aggregate principal amount of its 6.75% Exchangeable Senior First-Lien Secured PIK Notes due 2030 (the “Exchangeable Notes”). The initial purchasers of the Exchangeable Notes have the option to purchase up to an additional $50 million aggregate principal amount of the Exchangeable Notes for settlement within a period of 13 calendar days from, and including, the date the Exchangeable Notes are first issued.

With the completion of this offering, the Company has further strengthened its position by enhancing its liquidity, providing greater financial flexibility to support its ongoing corporate transformation.

“As we continue to transform and grow Hertz, this offering enhances our financial flexibility heading into our peak season,” said Scott Haralson, Chief Financial Officer at Hertz. “We are pleased with the investor interest in the offering, which reflects confidence in our strategy and our ability to execute. We remain focused on disciplined capital management and further strengthening of our balance sheet.”

For additional details, please refer to the Company’s Form 8-K filing with the U.S. Securities and Exchange Commission.

ABOUT HERTZ

Hertz Global Holdings, Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries, including The Hertz Corporation, and licensees operate the Hertz, Dollar, Thrifty, and Firefly vehicle rental brands, with more than 11,000 rental locations in 160 countries around the globe. The Company also operates the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the United States, and the Hertz 24/7 car-sharing business in Europe.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of the federal securities laws. Words such as “expect,” “will” and “intend” and similar expressions identify forward-looking statements, which include but are not limited to statements related to our positioning, strategy, vision, forward looking investments, conditions in the travel industry, our financial and operational condition, our sources of liquidity, the offering of the Notes, the offering of the Borrowed Shares, and Hertz Corp.’s expected use of proceeds from the proposed offering. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including risks and uncertainties related to completion of the offering on the anticipated terms or at all, market conditions (including market interest rates) and the satisfaction of customary closing conditions related to the offering, unanticipated uses of capital and those in our risk factors that we identify in the offering memorandum for the offering and our most recent annual report on Form 10-K for the year ended December 31, 2025, as filed with the U.S. Securities and Exchange Commission on February 26, 2026, and any updates thereto in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. We caution you not to place undue reliance on our forward-looking statements, which speak only as of their date, and we undertake no obligation to update this information.

Contacts
Hertz Investor Relations: investorrelations@hertz.com
Hertz Media Relations: Mediarelations@hertz.com

June 29, 2026