Hertz warns that the sluggish used car market will drag down Q2 core profit

格隆汇2026/06/24 13:18

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Glonghui, June 24｜Car rental company Hertz stated that due to an unexpected slowdown in the used car market, its adjusted core profit for the second quarter is expected to be near the lower end of its forecast range. Although higher tariffs in the United States have driven up new car prices and prompted consumers to turn to the used car market, used car companies are still struggling to maintain profit margins amid macroeconomic pressures squeezing household budgets. Hertz expects its adjusted EBITDA for the quarter ending June 30 to be between $50 million and $80 million, while analysts on average expect $79.11 million.

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On October 5th, Stakk (SKK.AX) shares rose as much as 26.1% to AUD 0.029, marking the largest intraday gain since September 29. The digital trust technology company announced that IBM will use its AI-driven document processing and verification software under a contract. The software will be deployed across Australia and New Zealand. The initial contract term is one year and will immediately generate revenue for the company. Including today's trading, the stock has declined 30.3% so far this year.

路透社•2026/10/05 23:51