Hertz shares jumped nearly 14% yesterday - a rare bit of good news for a company that's been on a wild ride lately. But (and this is a big but) the fundamentals still look pretty shaky when you dig into the numbers.
Their Q1 revenue hit $9.05 billion, which sounds impressive until you notice the -2.8% gross margin. That's right - negative. They're essentially losing money on their core business operations. And that debt-to-equity ratio of 120.31? Yikes. In my experience following the rental car industry, anything over 100 is a red flag.
