Hertz Global Holdings, Inc. (HTZ) saw its shares increase by 10.7% to close at $5.88 in the latest trading session, driven by unusually high trading volume. This rise follows a 27.6% gain over the past month, attributed to increased demand for car rentals due to airport security delays amid a partial government shutdown.
The company is expected to report a quarterly loss of $0.77 per share, marking a 31.3% year-over-year change, with anticipated revenues of $1.88 billion, up 3.7% from the previous year. Currently, Hertz holds a Zacks Rank of #3 (Hold), indicating stable market performance amidst fluctuations in the transportation services sector.
