Shares of global car rental company Hertz (NASDAQ:HTZ)
jumped 39.5% in the morning session after the company reported third-quarter financial results that significantly beat Wall Street expectations. The company posted revenue of $2.48 billion, topping estimates, and an adjusted profit of $0.12 per share, which was 83.8% higher than the consensus forecast of $0.07. This result marked a notable turnaround from a loss of $0.68 per share in the same quarter last year. Hertz also generated a strong free cash flow of $809 million, a substantial improvement from a negative $154 million a year ago. The positive results for profit and cash flow came despite a 3.8% year-over-year decline in revenue, suggesting improved operational efficiency and giving investors reason for optimism after a difficult period for the company.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Tuesday. Below you can find the top gainers and losers in today's session.
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Tuesday. Let's explore the market movements and identify the stocks with significant gaps.
Global car rental company Hertz (NASDAQ:HTZ) reported Q3 CY2025 results exceeding the market’s revenue expectations, but sales fell by 3.8% year on year to $2.48 billion. Its non-GAAP profit of $0.12 per share was 83.8% above analysts’ consensus estimates.
Shares of global car rental company Hertz (NASDAQ:HTZ)
jumped 6.2% in the afternoon session after investors reacted positively to strong earnings from its competitor, Avis Budget Group (CAR).
When Wall Street turns bearish on a stock, it’s worth paying attention.
These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
