HTZ is trading 6.8% down at $2.79 following weak Q2 guidance and a dilutive $400 million capital raise.
- Hertz narrowed its preliminary Q2 2026 EBITDA outlook to the low end of prior guidance, citing the impact of softer used-vehicle prices.
- The company announced a $100 million common stock offering and $300 million in exchangeable notes, fueling investor concerns over dilution.
- The stock continues to face downward pressure after a sharp 40% selloff in the previous session triggered by the guidance and liquidity updates.