Hertz's stock slides 6% after posting wider-than-expected loss amid continued headwinds from EVs

Hertz Global Holdings Inc.’s stock HTZ, -5.63% tumbled 6% early Tuesday, after the car rental company posted a wider-than-expected fourth-quarter loss as it booked charges to cover the costs of a major reduction of its EV fleet. Hertz posted a net loss of $348 million, or$1.14 a share, for the quarter, after income of $116 million, or a loss of 1 cent a share, in the year-earlier period. The company’s adjusted per-share loss came to$1.36, wider than the $1.05 loss per-share FactSet consensus. Revenue ros ...