SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of September 22, 2026 in Hertz Global Holdings, Inc. Lawsuit - HTZ

SueWallSt reminds purchasers of Hertz Global Holdings, Inc. (NASDAQ: HTZ) securities that a class action has been filed on behalf of investors who purchased shares between May 7, 2026 and June 23, 2026. Hertz shares declined more than 40% to close at $3.00 on June 24, 2026. Investors have until September 22, 2026 to seek lead plaintiff status.

Hertz's rental model depends heavily on buying vehicles, holding them efficiently, and reselling them at values that support profitability. The filing states that Hertz presented its "Back-to-Basics" plan as a disciplined fleet strategy built around "Buy Right, Hold Right, Sell Right," while allegedly failing to disclose that used-vehicle volatility was pressuring residual values and depreciation. The operational issue at the center of this release is Net Depreciation per Unit per Month, or DPU. As set forth in the complaint, Hertz reported first-quarter Net DPU of $312 and described that figure as approaching its sub-$300 "North Star" target, supported by disciplined fleet rotation.

Hertz reported first-quarter 2026 Net DPU of $312. The Company described the sub-$300 DPU level as a "North Star" target. Hertz reported $2.0 billion in first-quarter revenue, up 11% year over year. The complaint claims the used-car market softness was not merely transitory or isolated. Hertz later guided second-quarter Adjusted Corporate EBITDA to only $50 million to $80 million.

The lawsuit contends that Hertz's fleet economics were more vulnerable than represented because vehicle resale values were being affected by renewed used-car market weakness. As alleged, those pressures made the Company's liquidity and EBITDA outlook materially less secure than investors had been led to believe. On June 24, 2026, Hertz announced $300 million of Exchangeable Senior First-Lien Secured PIK Notes due 2030, a concurrent share-lending offering of more than 37 million shares, and "unexpected softness in the used car market." The action claims that this announcement corrected prior alleged statements about fleet discipline, depreciation, and operating performance.

"The complaint raises serious questions about whether investors received accurate information about Hertz's fleet economics before shares declined more than 40%. In a vehicle rental business, depreciation and residual values are not side issues; they are central to the investment case." -- Joseph E. Levi, Esq.

A securities class action has been filed against Hertz Global Holdings, Inc. (NASDAQ: HTZ) alleging materially false and misleading statements between May 7, 2026 and June 23, 2026. Shares fell more than 40% after the Company disclosed unexpected softnes...