Hertz Global Holdings, Inc. (NASDAQ:HTZ) declined roughly 62% last month to reach all-time lows.
However, the Street expects more than 143% upside from the current level, making it one of the Best All-Time Low Stocks to Buy Now
The decline comes due to a massive capital-raising initiative and lowered earnings guidance. Management during the fiscal Q1 2026 earnings noted that they are maintaining the full-year EBITDA margin guidance of 3% – 6%, but noted that recent softness in the used car market may pressure Q2 depreciation costs toward the $300 per unit range. Recently, on June 30, Morgan Stanley analyst Andrew Percoco lowered the price target on Hertz Global Holdings, Inc. (NASDAQ:HTZ) from $5 to $3 and maintained a Hold rating on the shares.
The main driver behind the cut is a sharp reduction in EBITDA estimates. Percoco lowered his 2026 adjusted EBITDA forecast by 40% and his 2027 forecast by 17%. The estimates have been reduced due to higher depreciation per unit, which is squeezing profitability more than previously expected.