Avis Budget Shares Fall as Hertz Cuts 2Q Outlook

Dow Jones

06/25

Avis Budget Group shares slipped after rival Hertz said its second-quarter results would come in at the low end of guidance amid a weaker used-car market.

Shares were recently down 5% at $180.65 midday Wednesday. The stock is up 53% over the past three months.

Hertz blamed softer used‑car demand for realized losses on the sale of vehicles in May, which will negatively affect net depreciation per unit per month for the second quarter. The company now expects DPU per month will be about $300 for the second quarter. Hertz also announced a $100 million stock offering.

Hertz shares were recently down 31% at $3.49.

Write to Doc Louallen at Doc.Louallen@wsj.com

(END) Dow Jones Newswires

June 24, 2026 12:43 ET (16:43 GMT)

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The stock is up 53% over the past three months. \n</p>\n<p>\n  Hertz blamed softer used‑car demand for realized losses on the sale of vehicles in May, which will negatively affect net depreciation per unit per month for the second quarter. The company now expects DPU per month will be about $300 for the second quarter. Hertz also announced a $100 million stock offering. \n</p>\n<p>\n  Hertz shares were recently down 31% at $3.49. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Doc Louallen at Doc.Louallen@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 24, 2026 12:43 ET (16:43 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAR","symbol_name":"安飞士","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2646581221","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646581221","pubTimestamp":1782319380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Avis Budget Group shares slipped after rival Hertz said its second-quarter results would come in at the low end of guidance amid a weaker used-car market.Shares were recently down 5% at $180.65 midday Wednesday. The stock is up 53% over the past three months.Hertz blamed softer usedcar demand for realized losses on the sale of vehicles in May, which will negatively affect net depreciation per unit per month for the second quarter. The company now expects DPU per month will be about $300 for the second quarter. Hertz also announced a $100 million stock offering.Hertz shares were recently down 31% at $3.49.Write to Doc Louallen at Doc.Louallen@wsj.com Dow Jones NewswiresJune 24, 2026 12:43 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CAR":"安飞士","BK4230":"旅客陆运","BK4022":"陆运","HTZ":"赫兹租车","BK4585":"ETF&股票定投概念"},"translate_title":"赫兹下调第二季度前景，Avis Budget股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAR":1.5,"HTZ":0.9},"content_text":"Avis Budget Group shares slipped after rival Hertz said its second-quarter results would come in at the low end of guidance amid a weaker used-car market. \n\n\n  Shares were recently down 5% at $180.65 midday Wednesday. The stock is up 53% over the past three months. \n\n\n  Hertz blamed softer used‑car demand for realized losses on the sale of vehicles in May, which will negatively affect net depreciation per unit per month for the second quarter. The company now expects DPU per month will be about $300 for the second quarter. Hertz also announced a $100 million stock offering. \n\n\n  Hertz shares were recently down 31% at $3.49. \n\n\n \n\n\n  Write to Doc Louallen at Doc.Louallen@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 24, 2026 12:43 ET (16:43 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}