These 10 Firms Were Battered by Dismal Earnings, Outlook Guidance

7. Hertz Global Holdings, Inc. (NASDAQ:HTZ)

Hertz Global dropped for a second day on Wednesday, losing 7.21 percent to end at $6.82 apiece as investors sold off positions following news that it plans to raise as much as $500 million from debt.

Last week, the company said that it was looking to tap the debt market anew to raise funds for the company’s liquidity and extend the maturity of a revolving credit facility that is set to mature next year.

This is on top of a $6 billion debt already in its books, which similarly includes another $500 million junk bond issued in December last year.

In other news, Hertz Global Holdings, Inc. (NASDAQ:HTZ) said it would announce the results of its first quarter earnings performance on May 12, 2025.

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the leading car rental operators globally. It owns Hertz, Dollar, and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.