Hertz's stock plummets on heavy volume after disclosing missed lease payment [MarketWatch]
Hertz Global Holdings, Inc (HTZ)
Last hertz global holdings, inc earnings: 2/24 04:05 pm
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Source: MarketWatch
Shares of Hertz Global Holdings Inc. plummeted 13% on heavy volume in morning trading Wednesday, after the auto rental company disclosed that it "did not make certain payments" required under operating lease and service agreement. Trading volume ballooned to 46.1 million shares, compared with the full-day average of about 17 million shares. Hertz said in an 8-K filing with the Securities and Exchange Commission that it has been in discussion with senior credit facility lenders to temporarily reduce required payments under the operating lease, as the COVID-19 pandemic has caused a "rapid, sudden and dramatic" negative impact on its businesses. Hertz said if the payments are made by the end of the grace period on May 4, and enough of its lenders don't agree to waive any resulting default or choose not to exercise remedies, "Hertz could be materially and negatively impacted." The stock has plummeted 73% over the past three months, while rival Avis Budget Group Inc. shares have declined 4
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HTZ
News
- Jim Cramer on Hertz: “It's a Speculative Stock” [Yahoo! Finance]Yahoo! Finance
- Does the Recent Electric Vehicle Partnership Signal a New Value Opportunity for Hertz in 2025? [Yahoo! Finance]Yahoo! Finance
- Global Car Rental Market Trends Report 2025: Growth in Budget to Luxury Segments Featuring Enterprise, Hertz, Avis, Sixt, and Europcar [Yahoo! Finance]Yahoo! Finance
- Jim Cramer on Hertz: “It Has Been a Contrary Name” [Yahoo! Finance]Yahoo! Finance
- Mobility-As-A-Service Market to Reach $2.9 Trillion, Globally, by 2034 at 23.9% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
HTZ
Earnings
- 11/4/25 - Beat
HTZ
Sec Filings
- 11/12/25 - Form 3
- 10/28/25 - Form 3
- 10/10/25 - Form 4
- HTZ's page on the SEC website