Hertz is trading at $1.83, down 20.52%, after its November 5, 2026, third-quarter earnings miss. - Revenue was $2.617 billion, broadly in line; adjusted EPS was $0.14 versus $0.25 consensus, and adjusted EBITDA also fell short. - Revenue and adjusted corporate EBITDA reached three-year highs; monthly net depreciation was $285 per unit, while collision and maintenance costs dragged. - The broad market was sharply lower, but coverage linked the decline to the earnings report.