Stock Movers Target Falls, Hertz Shares Jump, La-Z-Boy Tumbles
Aug 20, 2025
Target faces challenges with a 6.7% drop in shares after reiterating a sales forecast that disappoints investors, alongside a leadership shakeup with a new CEO. Meanwhile, Hertz's stock skyrockets by 18% after the exciting news of selling pre-owned cars on Amazon Autos. In contrast, La-Z-Boy tumbles by 24% after reporting lackluster earnings, falling short of expectations. The podcast dives into market reactions and investment strategies, providing insights on how to navigate this dynamic landscape.
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Target Chooses Internal Continuity
- Target reaffirmed a full-year sales decline forecast while naming internal COO Michael Fiddelke as CEO, signaling continuity over radical change.
- Wall Street reacted negatively, suggesting investors preferred an outsider to reverse market-share losses.
Fiddelke's Target Origin Story
- Michael Fiddelke started at Target as an intern in 2003 and will join the board when he becomes CEO in February.
- He is expected to focus on merchandise, design, and improving the shopper experience.
Hertz Partners With Amazon Autos
- Hertz will list pre-owned cars on Amazon Autos as the platform's first fleet dealer, combining online browsing with in-person pickup at Hertz locations.
- The rollout starts in major cities and may pressure used-car sellers like CarMax and Carvana.