Today: 24 June 2026
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NASDAQ:CAR 24 June 2026

Hertz warns on Q2 earnings, stock drops as used-car slump weighs

Hertz warns on Q2 earnings, stock drops as used-car slump weighs

Hertz shares plunged nearly 28% to $3.62 after the company warned Q2 core profit will hit the low end of guidance due to steep used-car sale losses, pushing vehicle depreciation to about $300 per unit per month; Hertz also announced $300 million in PIK notes and a $100 million share-lending deal, with the stock on track for its worst one-day drop and lowest close since April 2025.
24 June 2026
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Stock Market Today

  • Supreme Court Rejects Fair Market Value Argument in Tax Sale Case, Allows Continued Challenge
    June 24, 2026, 12:43 PM EDT. The U.S. Supreme Court declined to accept the use of fair market value in a contentious tax sale case. However, the justices permitted the underlying legal challenge to proceed, leaving the dispute unresolved. This decision impacts how tax sales and property valuation disputes might be addressed in future cases. The ruling reflects ongoing judicial scrutiny of valuation methods in tax-related property seizures, with broad implications for both taxpayers and municipalities.
Hertz warns on Q2 earnings, stock drops as used-car slump weighs

Hertz warns on Q2 earnings, stock drops as used-car slump weighs

24 June 2026
Hertz shares plunged nearly 28% to $3.62 after the company warned Q2 core profit will hit the low end of guidance due to steep used-car sale losses, pushing vehicle depreciation to about $300 per unit per month; Hertz also announced $300 million in PIK notes and a $100 million share-lending deal, with the stock on track for its worst one-day drop and lowest close since April 2025.
Ondas stock slips with investors watching drone-defense orders and Lockheed tie-up

Ondas stock slips with investors watching drone-defense orders and Lockheed tie-up

24 June 2026
Ondas shares plunged 6.7% to $7.96 despite announcing over $40 million in June defense orders and a Lockheed Martin counter-drone partnership, as heavy trading followed news that selling stockholders may offload more than 3.1 million shares, raising risks for investors even as the company boosted its 2026 revenue target to at least $390 million.
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