Hertz Beats Estimates and Squeezes the Shorts The recent 29. 5% surge in Hertz shares to $2.
02 has sent shockwaves through the financial markets, leaving many to wonder if this is a genuine turning point for the beleaguered car rental company or simply another episode of market chaos.
On its face, the numbers are impressive: revenue exceeded estimates by $100 million, adjusted EBITDA landed at the top of guidance, and revenue per rental unit rose 8%.