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Hertz shares plummet after company's disappointing first-quarter results, $250 million stock offering
HTZHertz(HTZ) CNBC·2025-05-13 15:55

DETROIT — Shares of Hertz Global plummeted Tuesday morning after the embattled rental car company reported disappointing first-quarter earnings and a $250 million stock offering.Hertz shares were off more than 20% during early morning trading before leveling to be off about 15% to 18% toward the end of the company's Tuesday morning quarterly earnings call that wrapped around 10:10 a.m. ET.Shares of the company were only off roughly 3% heading into the call, following the company's report that came out after ...