🔴 HTZ is trading 7.3% down today after cutting Q2 outlook on weak used-vehicle prices

HTZ is trading at -7.3% now at $2.78 after cutting its Q2 outlook to the low end of guidance due to soft used-vehicle pricing.

• The company reported that softer used-vehicle prices and losses on vehicle sales in May pressured Adjusted Corporate EBITDA.
• The move is company-specific, tied to a June 24 guidance update and recent equity and debt financing plans rather than broader market trends.
• This pre-market decline extends a sharp selloff initiated by the outlook revision.