{
  "id": 18365243,
  "title": "Why is Hertz stock crashing today?",
  "url": "https://urgent.news/2026/11/05/why-is-hertz-stock-crashing-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T20:16:06.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/why-is-hertz-stock-crashing-today-93CH-5005496"
  },
  "original_language": "en",
  "account": "Hertz Global Holdings' stock took a sharp dive of 23.2% on Thursday, closing at $1.74 per share. This sharp decline came after the company released its third-quarter 2026 financial results, which significantly underwhelmed Wall Street's earnings expectations. The company reported adjusted earnings per share of $0.14, much lower than the analysts' consensus estimate of $0.25, a gap of nearly 44%. Despite a 6% year-over-year revenue increase to $2.62 billion, the company's adjusted Corporate EBITDA of $233 million and GAAP net income of $116 million both fell short of expectations. Morgan Stanley, among other Wall Street firms, responded to the disappointing results by reducing its price target on Hertz shares to $2.50 from $3, maintaining an \"Equal Weight\" rating. The broader market also contributed to the stock's decline, with the Nasdaq falling more than 5%, the S&P 500 dropping 4.0%, and the Dow Jones Industrial Average declining 3.2%. The combination of a disappointing earnings miss, a lower analyst price target, a high short interest in the stock, and a risk-averse market sentiment led to Hertz shares hitting their lowest levels in months.",
  "summary": null,
  "key_points": [
    "Hertz shares dropped 23.2%, closing at $1.74 per share",
    "Company reported $0.14 EPS vs $0.25 analyst estimate",
    "Morgan Stanley lowered price target to $2.50 from $3"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Quartz",
        "title": "Hertz stock slides as higher collision and maintenance costs hurt earnings",
        "url": "https://urgent.news/2026/11/05/hertz-stock-slides-as-higher-collision-and-maintenance-costs-hurt",
        "published": "2026-11-05T15:40:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}