The Estero, Fla., rental-car icon posted a loss of 83 cents a share, compared with a loss of $1.05 a share in the year-earlier quarter. On an adjusted basis, the loss was 24 cents a share, half the year-earlier 48 cents.
Shares outstanding climbed 48% to 142 million, reflecting a rights offering last June.
Revenue reached $2.33 billion from $2.29 billion.
Analysts surveyed by FactSet were expecting the company to post an adjusted loss of 27 cents a share on revenue of $2.34 billion.
U.S. revenue per day "was up 4% as pricing improved across all brands, in both business and leisure categories, and in on- and off-airport rentals," Hertz said in a statement.
Vehicle utilization was hurt "by a significant number of units on safety recall" compared with a year earlier "and the continued ramp up of trucks and vans to meet future demand for delivery rentals."
At last check Hertz shares were trading down 3.7%. They closed the regular session on Monday down 4.4% at $19.36.