Why Hertz Stock Plunged Today
HTZHertz(HTZ) The Motley Fool·2024-04-26 04:24

Challenges in the EV segment continued to weigh on the stock. Shares of Hertz Global Holdings (HTZ -19.31%) were tumbling today after the car rental giant posted disappointing results in its first-quarter earnings, as the company continued to experience challenges with its EV fleet. As a result, the stock was down 19.8% as of 3:28 p.m. ET. Hertz is still short-circuiting Hertz's revenue in the quarter rose 2% year over year to 2.1billion,whichtoppedestimatesat2.1 billion, which topped estimates at 2.04 billion. Total transaction days ros ...