Hertz Slides After Warning Used Car ‘Softness’ Is Hurting Profit

Hertz Global Holdings Inc. shares tumbled after the car renter warned profit this quarter is trending toward the low end of its expectations and announced offerings of shares and notes.

By Rick Clough · Bloomberg Markets

Hertz Global Holdings Inc. shares tumbled after the car renter warned profit this quarter is trending toward the low end of its expectations and announced offerings of shares and notes.