HTZ Shareholder Alert: Hertz Global Holdings, Inc. Securities Class Action Lawsuit - Investors With Losses May Contact Levi & Korsinsky

Promise vs. reality: the complaint alleges Hertz projected liquidity north of $1.5 billion and improving fleet depreciation, then weeks later announced dilutive financing, a share-lending offering, and sharply reduced EBITDA guidance.

NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP notifies investors in Hertz Global Holdings, Inc. (NASDAQ: HTZ) that a securities class action has been filed on behalf of shareholders who purchased Hertz securities between May 7, 2026 and June 23, 2026. Find out if you might be eligible to recover losses. You may also contact Joseph E. Levi, Esq. at [e-mail] or [phone].

HTZ fell from $5.06 on June 23, 2026 to close at $3.00 on June 24, 2026 after a reported decline of more than 40%. The complaint cites a $300 million PIK note offering, more than 37 million borrowed shares, Q2 Adjusted Corporate EBITDA guidance of $50 million to $80 million, and a September 22, 2026 lead plaintiff deadline.

The Promise Hertz Allegedly Presented

The lawsuit asserts that Hertz told investors its liquidity position was solid, its fleet strategy was working, and its Net Depreciation per Unit was approaching the Company's sub-$300 target. Management also allegedly projected year-end liquidity north of $1.5 billion while the Company described its cash, liquidity facilities, and refinancing options as sufficient for the next twelve months and the foreseeable future thereafter.

That promise mattered because Hertz's rental economics depend heavily on fleet values. The complaint contends investors were led to believe used-car market pressure was manageable under the Company's “Back-to-Basics” and “Buy Right, Hold Right, Sell Right” strategy.

The Reality Investors Allegedly Faced Weeks Later

On June 24, 2026, Hertz announced a proposed $300 million Exchangeable Senior First-Lien Secured PIK Notes offering due 2030, a concurrent share-lending offering involving more than 37 million shares, and “unexpected softness in the used car market.” The next day, the offering was priced on allegedly more dilutive terms, including an upsized $350 million amount, up to $400 million, a 6.75% coupon, an exchange price of approximately $3.58, and borrowed common stock sold at $2.70 per share.

"Companies that make specific promises to investors about future performance have an obligation to disclose known risks to those projections. Here, the complaint alleges a stark gap between Hertz's liquidity and fleet-management assurances and the dilutive financing that followed within weeks." -- Joseph E. Levi, Esq.

Promise vs. Actual: By the Numbers

• Liquidity outlook: Hertz allegedly projected year-end liquidity north of $1.5 billion before announcing a $300 million PIK note financing.
• Fleet depreciation: Net DPU was reported at $312 and described as approaching the Company's North Star target of sub-$300.
• EBITDA outlook: Hertz later guided Q2 Adjusted Corporate EBITDA to a range of only $50 million to $80 million.
• Dilution mechanics: The share-lending offering involved more than 37 million borrowed shares from which the Company would receive no proceeds.
• Pricing terms: The financing was later upsized to $350 million, up to $400 million, with an exchange price of approximately $3.58 and borrowed stock sold at $2.70.

Click here to submit your information and learn more about the case or call [phone].

WHY LEVI & KORSINSKY — Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors. Investors who suffered losses have until September 22, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the HTZ Lawsuit

Q: What is the HTZ class action lawsuit about? A: 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. The complaint alleges Hertz overstated its liquidity position and the stability of the used-car market before announcing dilutive financing and reduced EBITDA guidance.

Q: How much did HTZ stock drop? A: The complaint states that Hertz common stock declined more than 40% to close at $3.00 per share on June 24, 2026.

Q: What do HTZ investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky LLP, for a no-cost, no-obligation case evaluation at [e-mail] or [phone]. No immediate action is required to remain eligible as an absent class member.

Q: What specific misstatements does the HTZ lawsuit allege? A: The complaint alleges Hertz made materially false or misleading statements regarding liquidity sufficiency, used-car market stability, Net Depreciation per Unit, and the Company’s ability to manage fleet residual values during the Class Period.

Q: What if I already sold my HTZ shares, can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What documents should HTZ investors keep? A: Investors should preserve brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if my HTZ losses are small, is it still worth reviewing my options? A: Yes. There is no minimum loss amount required to participate as a class member.

Q: What does it cost me to participate? A: There is no upfront cost to contact the firm. Securities class actions are generally handled on a pure contingency basis. No upfront fees, no retainer, and no out-of-pocket costs. Any attorneys' fees and expenses awarded to class counsel are subject to court approval.

Attorney Advertising. Prior results do not guarantee similar outcomes.