Previous close | 5.8000 |
Open | 5.2100 |
Bid | 4.6600 x 2100 |
Ask | 4.7100 x 1900 |
Day's range | 4.3500 - 5.3000 |
52-week range | 4.3500 - 19.3600 |
Volume | |
Avg. volume | 5,705,514 |
Market cap | 1.431B |
Beta (5Y monthly) | 2.00 |
PE ratio (TTM) | 3.37 |
EPS (TTM) | 1.3900 |
Earnings date | 25 Jul 2024 - 29 Jul 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 8.17 |
Car-rental operator Hertz reported it lost another $200 million due to its EV gamble.
Higher repair costs also weighed on the company's overall fleet maintenance expenses. Excluding items, Hertz reported a loss of $1.28 per share, well above Wall Street's expectations of a loss of 44 cents per share. Both Hertz and Avis have lost about half of their market value this year.
Hertz stock sank Thursday after the rental car company reported a steeper-than-expected loss. A year ago, Hertz reported positive earnings of 39 cents a share from sales of just over $2 billion. Hertz stock dived 18.6% to $4.72 in midday trading on Thursday, while the and were off 1.2% and 1.7%, respectively.