Hertz Hits 52-Week Low After Dilutive Offering and Guidance Cut

Hertz Global Holdings shares touched a fresh 52-week low this week after the company priced a dilutive stock offering and lowered its second-quarter outlook. Hertz sold roughly 37 million shares at $2.70 apiece — a 10% discount to the prior close — alongside an upsized $300 million exchangeable notes offering and a separate $100 million share sale.

The company now expects second-quarter adjusted EBITDA of $50 million to $80 million, near the low end of its earlier range, citing continued softness in the used-car market that has pressured proceeds from vehicle sales. The stock has fallen roughly 62% over the past month.

Hertz is set to report full second-quarter results on August 6, 2026. Until then, investors are left weighing the near-term dilution and balance-sheet moves against the company's longer-running fleet and cost turnaround.