Hertz Global Holdings, Inc., HTZThe rental car giant posted an adjusted loss of $0.11 per share, significantly outperforming analyst expectations of a $0.23 loss. This represented a 52.2% favorable variance and demonstrated progress from the $0.29 adjusted loss recorded in the corresponding quarter of 2025. These figures incorporated an estimated $30 million EBITDA drag stemming from heightened vehicle recall activity. The company concluded Q2 with total cash, cash equivalents and restricted cash of $1.30 billion, up from $1.17 billion at year-end 2025. The quarter saw the generation of $381 million in net cash from operations and $162 million in adjusted free cash flow.