Hertz Q2 Adjusted EBITDA $50-80M; Used Car Market Softness Impacts DPU

Hertz Global Holdings expects its second quarter 2026 fleet size, revenue, RPD, and rental days to meet or slightly exceed prior expectations due to strong demand and capacity utilization. However, unexpected softness in the used car market led to losses on vehicle sales in May, negatively impacting depreciation. Consequently, Q2 net DPU per month is now projected at approximately $300, and Adjusted Corporate EBITDA is expected to be $50-80 million, at the lower end of its previous range.