Hertz Results Hit by $1B Impairment Charge
HTZHertz(HTZ) Investopedia·2024-11-13 02:15

Key TakeawaysHertz Global Holdings reported a wider-than-expected third-quarter loss Tuesday.The company reported a non-cash asset impairment charge of $1 billion, which the company pinned on a "decline in fleet residual values over the last year or so."The company also incurred major charges earlier this year in connection with the sale of 30,000 electric vehicles from its fleet. Hertz Global Holdings (HTZ) reported a wider-than-expected third-quarter loss Tuesday, dinged by a non-cash asset impairment cha ...