Important July 30, 2024 Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Hertz Global Holdings, Inc. (HTZ) Investors of Securities Fraud Class Action Lawsuit

Core Viewpoint - Hertz Global Holdings, Inc. reported disappointing first quarter 2024 results, with an EPS of -$1.28, significantly below the consensus estimate of -$0.43 and a decline from the adjusted diluted EPS of $0.39 in the same period last year [2] Financial Performance - Hertz's vehicle depreciation increased by $588 million, or $339 per unit, due to lower estimated forward residual values and losses on internal combustion engine vehicles compared to gains in the prior year [2] - A $195 million charge was taken for vehicle depreciation to write down electric vehicles (EVs) held for sale to fair value and to recognize losses on EVs sold during the quarter [2] Stock Market Reaction - Following the announcement of the first quarter results, Hertz's stock price fell by $1.12, or 19.31%, closing at $4.68 per share on April 25, 2024 [11] - Earlier, on January 11, 2024, Hertz's stock dropped by $0.40, or 4.28%, to close at $8.95 per share after announcing the sale of approximately 20,000 EVs from its fleet [6] Legal Issues - A securities class action lawsuit has been filed against Hertz for violations of federal securities laws, alleging omissions and fraudulent misrepresentations regarding the company's business and operations [5] - The lead plaintiff deadline for the class action is set for July 30, 2024 [5][15]