Invezz
24 Jun 2026, 18:53 UTC · 18w ago
Hertz stock plunges as weak used-car demand hits earnings outlook
Impact · against what's priced in
HTZ is facing a severe valuation reset as used-car pricing weakness drives up depreciation costs and drags Q2 earnings toward the bottom of guidance. KMX is negatively impacted as the used-car market softness signals broad margin compression for auto retailers.
- HTZ−0.90
No priced-in read yet
- In context
Unexpected weakness in used-car demand is increasing depreciation costs and pushing Q2 adjusted corporate EBITDA toward the lower end of the $50 million to $80 million guidance range.
Read from the article alone
