Shares of Hertz Global Holdings plunged on Wednesday after the car-rental company warned that second-quarter earnings are tracking toward the lower end of its guidance range, citing unexpected weakness in the used-car market. The stock sank more than 38% during trading and was on track for its largest-ever single-day percentage decline and its lowest close since March 2025, according to Dow Jones Market Data.
Hertz says weaker-than-expected demand for used-car rentals will hurt adjusted earnings for the second quarter.
Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of $0.76. This compares to a loss of $1.12 per share a year ago.
The headline numbers for Hertz Global (HTZ) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Northcoast upgraded Hertz (NASDAQ:HTZ) stock to Neutral from Sell, keeping the price target unchanged at $5.
Hertz Global (HTZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hertz Global Holdings (NASDAQ:HTZ) stock just drew a formal bearish call from Wall Street.
Hertz Global Holdings (NASDAQ:HTZ) stock is down 7% in midday trading, slipping from $6.99 to less than $6.50.
HTZ bets on steadier pricing, lower depreciation and more digital car sales as it targets cash-flow neutrality after the March 2026 quarter.
HTZ is valued very cheaply, but its liquidity is falling below $1B. Whether the stock goes up depends on if it can hit its 2026 profit goals and what happens in the near term.
Hertz Global Holdings, Inc. has surged nearly 50% recently, driven by short squeeze dynamics and Bill Ackman's public stake. HTZ's operational improvements include stabilized pricing, increased direct bookings, and higher customer satisfaction, but sustainable cash flow remains unproven. Liquidity remains tight, with end-Q4 liquidity near $1.5B and expected to dip below $1B in Q2 despite recent financing efforts.
Hertz Global (HTZ) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.