From CNBC: 2025-05-13 15:21:00

Hertz Global’s shares plunged after disappointing first-quarter earnings and a $250 million stock offering. Loss per share was $1.12 adjusted vs. 97 cents expected, with automotive revenue at $1.81 billion vs. $2 billion expected. Hertz plans to offer fewer cars for rent due to lower bookings, Trump’s auto tariffs, and reduced fleet capacity. Investors are concerned about the impact on demand despite some improvements in operating expenses and record vehicle sales to retail customers.



Read more at CNBC: Hertz shares plummet after weak Q1, $250 million stock offering