Hertz Swings to 3Q Profit on Lower Depreciation Amid Refocus on Newer Cars

Dow Jones

Nov 04, 2025

By Nicholas G. Miller

Hertz swung to a third-quarter profit, boosted by plummeting depreciation, as the company continues its strategy to swap out older cars for a newer fleet.

The rental-car company on Tuesday reported net income of $184 million, or 42 cents a share, compared with a loss of $1.33 billion, or $4.34 a share, the year prior.

Adjusted earnings were 12 cents a share. Analysts expected adjusted earnings to break even, according to FactSet.

Sales fell to $2.48 billion from $2.58 billion the year before. Wall Street expected $2.39 billion.

Depreciation per unit per month fell 49% to $273 and the company said it now has "improved fleet economics."

In August, the Estero, Fla., company said it had started to sell used cars on Amazon in a move intended to offload more vehicles to retail buyers, which is a path to higher profits.

Hertz said the percentage of fleet sold via retail channels increased by 570 basis points in 2025 compared with the first nine months of 2024.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

November 04, 2025 08:20 ET (13:20 GMT)

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Wall Street expected $2.39 billion. \n</p>\n<p>\n  Depreciation per unit per month fell 49% to $273 and the company said it now has \"improved fleet economics.\" \n</p>\n<p>\n  In August, the Estero, Fla., company said it had started to sell used cars on <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> in a move intended to offload more vehicles to retail buyers, which is a path to higher profits. \n</p>\n<p>\n  Hertz said the percentage of fleet sold via retail channels increased by 570 basis points in 2025 compared with the first nine months of 2024. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 04, 2025 08:20 ET (13:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hertz Swings to 3Q Profit on Lower Depreciation Amid Refocus on Newer Cars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHertz Swings to 3Q Profit on Lower Depreciation Amid Refocus on Newer Cars\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-04 21:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nicholas G. Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/HTZ\">Hertz</a> swung to a third-quarter profit, boosted by plummeting depreciation, as the company continues its strategy to swap out older cars for a newer fleet. \n</p>\n<p>\n  The rental-car company on Tuesday reported net income of $184 million, or 42 cents a share, compared with a loss of $1.33 billion, or $4.34 a share, the year prior. \n</p>\n<p>\n  Adjusted earnings were 12 cents a share. Analysts expected adjusted earnings to break even, according to FactSet. \n</p>\n<p>\n  Sales fell to $2.48 billion from $2.58 billion the year before. Wall Street expected $2.39 billion. \n</p>\n<p>\n  Depreciation per unit per month fell 49% to $273 and the company said it now has \"improved fleet economics.\" \n</p>\n<p>\n  In August, the Estero, Fla., company said it had started to sell used cars on <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> in a move intended to offload more vehicles to retail buyers, which is a path to higher profits. \n</p>\n<p>\n  Hertz said the percentage of fleet sold via retail channels increased by 570 basis points in 2025 compared with the first nine months of 2024. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 04, 2025 08:20 ET (13:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4022","symbol_name":"陆运","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2580328177","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580328177","pubTimestamp":1762262400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Hertz swung to a third-quarter profit, boosted by plummeting depreciation, as the company continues its strategy to swap out older cars for a newer fleet.The rental-car company on Tuesday reported net income of $184 million, or 42 cents a share, compared with a loss of $1.33 billion, or $4.34 a share, the year prior.Adjusted earnings were 12 cents a share. 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Miller \n\n\n \n\n\nHertz swung to a third-quarter profit, boosted by plummeting depreciation, as the company continues its strategy to swap out older cars for a newer fleet. \n\n\n  The rental-car company on Tuesday reported net income of $184 million, or 42 cents a share, compared with a loss of $1.33 billion, or $4.34 a share, the year prior. \n\n\n  Adjusted earnings were 12 cents a share. Analysts expected adjusted earnings to break even, according to FactSet. \n\n\n  Sales fell to $2.48 billion from $2.58 billion the year before. Wall Street expected $2.39 billion. \n\n\n  Depreciation per unit per month fell 49% to $273 and the company said it now has \"improved fleet economics.\" \n\n\n  In August, the Estero, Fla., company said it had started to sell used cars on Amazon in a move intended to offload more vehicles to retail buyers, which is a path to higher profits. \n\n\n  Hertz said the percentage of fleet sold via retail channels increased by 570 basis points in 2025 compared with the first nine months of 2024. \n\n\n \n\n\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 04, 2025 08:20 ET (13:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}