Hertz got out of bankruptcy because they have a (somewhat) profitable business model and a lot of assets they sold off.

I don't think that applies here - at least not without massive growth that seems outside the realm of possibility.

If I remember the analysis of Matt Levine correctly, they have a lot cars, and even if the beginning of Covid was rough on them as ppl traveled less, the price of 2nd hand cars went up 6 months after the that and they were able to bounce back.