Hertz stock price appears range-bound as volume tapers

Hertz stock price appears range-bound as volume tapers, suggesting indecision among investors. Breaks below $4.15 may signal bearish sentiment if macroeconomic indicators turn weaker in coming weeks. It’s not a terribly difficult pitch to make at this point: Carvana has changed how many Americans shop for used vehicles in the 12 years since its founding. The Phoenix-based company announced record results for its second quarter, with a 41% surge in vehicle sales during the three months ended June 30. What Happened: Hertz said it will receive a pro rata settlement distribution of approximately $154.05 million in connection with the company’s participation in a class action settlement, Automotive Parts Antitrust Litigation. The Hertz stock price recently hovered near $4.25, after a volatile week triggered by fluctuating travel demand indicators. Institutional sentiment appears mixed in the auto rental segment, with net inflows slowing, adding uncertainty to near-term trajectory.