GeneralBearishBlockonomi · 4h ago6/10
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Hertz (HTZ) Stock Plunges Over 20% on Revised Q2 Guidance and Used Vehicle Losses
Hertz Global Holdings (HTZ) experienced a sharp 20% stock decline after announcing reduced Q2 EBITDA guidance and a $400M capital raise through stock and note offerings. The guidance cut reflects significant losses from used vehicle depreciation and challenging market conditions in the rental car sector.