Hertz shares plummet after weak Q1, $250 million stock offering

Detroit – shares of HERTZ global PlumMeted Tuesday Morning After the Empathled Rappted Fapped and A $ 250 Pillion Stock Offing.

Hertz shares with a were a were a were than 20% During Early Morning Tuesday nearer the Company’s morning Calls.

Shares of the Company who people only off roughly 3% heading Into the Call, following the company’s reports

HERE’s Herertz Did, based on Average Analysts’ estimates compiled by LSeg:

• LIST PER SHARE: $ 1.12 adjusted vs. a tss of 97 cents expected
• Automotive Revenue: $ 1.81 billion vs. $ 2 billion expected

HERTZ announced the at-the-market $ 250 million

“The combination of an an improved earnnings profile, refinancing levers and the ATD OptionalM Harson said During the Quarvallly Call During The Minealdly Call.

He said the Timing, Total Proceeds and the final number of shareser will be determined as the processing occurs.

Investors Are Also Concerned About Hertz’s Plan to Offer As Rice As Lowerings with Lower Donald Trump‘s Auto tariffs THAT HAU impacted New and Used Vehicle Prices for Many Models. Hertz and Other Companies, Also BRE Dealing with Lower Consumer Sentiment and Less US tourism.

“We prioritized Fleet and Costitized Fleet and Cost Acts and Cost Acts at the Top Of The List. Fleet Because Its Right Quicker. The Fleet Because Investors During Tuesday’s Call. “Break not Saying We have focused on Revenue … but as we’re moving Through transformation, We’re pruning the sevene transformation, We’re pruning the sevenue.”

Hertz’s Revenue Fell 13% of year over-year primarily due to the reduced fleet capacity, which can down to the reduced capacity, which is compared with the first quarter of 2024, Hertz said.

THE COMPANCE the Lower Flower Fleet Iss “Back-to-Basics Roadmap” company

During the Call, Hertz Outlined Key Accomplishments Again The Such As a $ 9 year improvement in Direct Operating expenses. It also retained many previously previously announciation AS UNISTER BELORING INTEREST, taxes, depreciation of the Third Quice of 2025.

@THE COMPANY ALSO said THE FIRST QUESTER WAS A record for VEHICLE SALES to Retail customers amid a Strong Residual Ventue Market given the tariffs.

“While htz is accelerating ItTS transition Strategy and contains some Balance Dan Levy,” Barclubes Monday Monday in An Investor NextGe.

The Stock Had Increased 90% This year is throught Monday’s closer, largely thanked to Bill Ackman’s Perhing square Capital Management Amassing A 19.8% stake in Hertz.