TLDRHTZ revenue rose 10% as record RPD and pricing lifted second-quarter performance.Hertz posted stronger EBITDA while liquidity remained near the $1 billion mark.HTZ advanced transformation as pricing gains offset recall-related challenges.Hertz reported record RPD, stronger utilization, and improved operating spreads.Hertz strengthened commercial momentum while expanding its long-term mobility platform.Hertz Global Holdings, Inc. stock traded at $1.7350, up 11.22%, after the company reported stronger second-quarter operating results. Revenue increased to $2.4 billion, reflecting a 10% year-over-year gain. The results highlighted stronger pricing, improving utilization, and continued progress across its transformation strategy.Hertz Global Holdings, Inc., HTZCommercial performance drives stronger revenue growthHertz generated its strongest second-quarter Revenue per Day, excluding the pandemic-driven peak recorded during 2022. Revenue per Day increased 9%, while Revenue per Unit climbed 8% from the previous year. Strong pricing and disciplined airport fleet management supported those improvements throughout the quarter.The company also reported total utilization of 79%, representing an increase of 80 basis points year over year. Utilization reached 81% after excluding vehicles affected by elevated recalls. better fleet efficiency supported higher revenue generation despite operational challenges.Adjusted Corporate EBITDA reached $81 million during the quarter. That result improved by $63 million from the same period last year and exceeded the company’s revised guidance. GAAP net income totaled $64 million, while adjusted net loss reached $47 million because of ongoing transformation-related factors.Fleet strategy offsets operational headwindsHertz reported Net Depreciation per Unit per Month of $302, matching its revised guidance for the quarter. Management expects the full-year figure to remain at or below $300. The company also operates its youngest U.S. fleet in twelve years, with 94% consisting of 2025 and 2026 model vehicles.Adjusted Direct Operating Expense per Day increased 4% compared with the prior year. Higher revenue-related variable costs and sale leaseback expenses contributed to the increase. Normalized operating expenses improved about 2% after adjusting for recalls and related operational impacts.Recall activity remained a major challenge during the quarter because affected vehicles increased nearly 300% year over year. Around 15,000 vehicles remained unavailable on average because of those recalls. Even so, the spread between Revenue per Day and operating expense improved 17%, marking the third consecutive quarterly increase.Liquidity strengthens as transformation expandsHertz ended the quarter with approximately $984 million in available liquidity, matching previous guidance. The company also completed a $350 million exchangeable first lien notes offering during June. An additional $30 million issuance followed in July, pushing pro forma liquidity above $1 billion.The broader transformation strategy continues expanding beyond the traditional rental business. Hertz strengthened its franchise network while improving used vehicle retail operations through Hertz Car Sales. Those efforts aim to improve long-term profitability and expand commercial opportunities across multiple business segments.The mobility business also recorded measurable progress through operating affiliate Oro Mobility. Drivers completed more than six million miles across four active markets. In addition, Oro expects to launch its first autonomous vehicle fleet partnership later this year through Uber’s robotaxi program using Lucid vehicles equipped with Nuro autonomous technology.Hertz remains one of the world’s largest vehicle rental companies, operating Hertz, Dollar, Thrifty, and Firefly brands across approximately 160 countries. The company continues investing in fleet quality, commercial execution, and mobility services while improving financial performance. Strong revenue growth, improving operating metrics, and expanding platform initiatives reinforced its transformation progress during the second quarter.The post Hertz Holdings, Inc. (HTZ) Stock: Revenue Surges on Record RPD While Liquidity Nears $1 Billion appeared first on Blockonomi.