HTZ leaping 17% today. A closer look at what's happening:

 Shares of Hertz Global Holdings Inc (HTZ) are trading 17% higher at a price of $20.36 at the time of this writing.

1. HTZ stock is up because the company reported second-quarter revenue growth of 25% year-over-year to $2.34 billion, just missing the consensus of $2.39 billion.

2. Adjusted EPS was $1.22 (-52% Y/Y), beating the consensus of $1.18 and indicating that earnings are continuing to improve despite lower margins in the quarter due to higher vehicle rental volumes .

3. Average Vehicles increased by 22% Y/Y, providing a boost to overall revenue and profits . The company also announced a big buyback program which will increase its share price even further .

Hertz Global Holdings Inc has been trading between a 52-week high of $28 and a 52-week low of $15. The stock has a market cap of $8.39 Billion.

Hertz Global Holdings, Inc. provides car rental services. It operates as a vehicle rental business globally through its Hertz, Dollar, and Thrifty car rental brands.