ESTERO, Fla.--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz†or the "Company†), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp.†), has entered into an agreement to sell $375 million in aggregate principal amount of 5.500% Exchangeable Senior Notes due 2030 (the "Notes†), in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities. ...

ESTERO, Fla.--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the "Company†), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation ("Hertz Corp.†), intends to offer, subject to market and other conditions, $250 million in aggregate principal amount of Exchangeable Senior Notes due 2030 (the "Notes†), in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securiti. ...

Group 1 - Hertz Global Holdings has announced a collaboration with Amazon, which has generated positive investor sentiment despite the companies being from different sectors [1][4] - Hertz will sell used vehicles through Amazon Autos, with a pilot program starting in Los Angeles, Seattle, Houston, and Dallas, potentially expanding nationwide if successful [3][9] - The financial details of the Amazon Autos deal remain unclear, as Hertz has not disclosed estimated revenue or performance metrics for its Hertz Car Sales unit [5][6] Group 2 - Hertz Car Sales reported its highest volume in the second quarter over the past five years, but further details on the unit's performance are lacking [6][7] - The Amazon partnership may not significantly change Hertz's business dynamics, and the company is encouraged to be more transparent about its retail operations [7] - Analysts suggest considering other investment opportunities, as Hertz Global was not included in a list of top stock picks [10]

Core Viewpoint - Morgan & Morgan is representing customers in a mass legal action against The Hertz Corporation and its brands over a data breach that exposed personal information of thousands of customers [1][2]. Group 1: Incident Details - The data breach was disclosed by Hertz in April 2025 and originated from a cyberattack on a third-party vendor, Cleo Communications, occurring between October and December 2024 [1]. - The exposed information includes names, contact information, dates of birth, driver's license numbers, and credit card details, with some individuals also having their Social Security numbers and passport information compromised [2]. Group 2: Legal Action - The legal action is being handled as a mass arbitration, with plaintiffs alleging that Hertz failed to implement adequate data security measures and was slow to notify affected customers [3]. - Morgan & Morgan is seeking financial damages for customers and injunctions to compel Hertz and its vendors to improve their cybersecurity practices [3]. Group 3: Accountability and Impact - The legal action aims to hold companies accountable for failing to protect sensitive information, emphasizing the significant harm caused by the loss of control over personal data [4]. - The action is in its early stages, focusing on determining the full extent of damages and securing compensation for affected individuals [4]. Group 4: Firm Background - Morgan & Morgan has successfully litigated several similar data breach cases against major corporations, securing millions of dollars for impacted individuals [5]. - The firm has recovered over $25 billion for more than 700,000 clients across various practice areas, including national mass torts and class actions [6].

Core Viewpoint - The partnership between Amazon and Hertz marks a significant development for both companies, as Amazon begins to sell used Hertz rental vehicles through its Amazon Autos service, potentially enhancing sales and customer reach for both parties [1]. Group 1: Amazon's Strategy - Amazon is launching a pilot program in four cities (Dallas, Houston, Los Angeles, and Seattle) to sell used Hertz vehicles, allowing customers to browse, schedule test drives, and complete purchases online [3]. - The partnership with Hertz allows Amazon Autos to expand its offerings beyond new Hyundai vehicles, enabling listings from other brands like Toyota and Ford [4]. - By collaborating with Hertz, Amazon can increase its vehicle listings without the burden of managing an auto fleet, thus minimizing operational costs while generating revenue from sales [9]. Group 2: Hertz's Benefits - Hertz sells "hundreds of thousands" of used vehicles annually, potentially approaching 200,000, which could enhance its sales through Amazon's platform [5]. - Listing vehicles on Amazon, a trusted platform with a vast customer base, may alleviate consumer concerns about purchasing used rental cars, thereby increasing Hertz's market reach [6]. - The partnership provides Hertz with an opportunity to improve its profitability by accessing a larger audience through Amazon's established e-commerce infrastructure [6]. Group 3: Market Potential - If Amazon successfully scales its Amazon Autos service through additional partnerships, it could rival established players like CarMax, which generates tens of billions in annual revenue [10]. - The collaboration with Hertz is seen as a foundational step towards achieving significant growth in the automotive sales sector for Amazon [10].

Core Insights - Hertz is collaborating with Amazon to sell used rental cars on Amazon's platform, aiming to increase the variety of car brands available for consumers [1][2][3] - The partnership positions Hertz as Amazon Autos' first fleet dealer, expanding the selection of vehicles beyond Hyundai, which is currently the only merchant on the site [5][7] - Hertz has a significant inventory of used cars, with approximately 250,000 vehicles available for sale annually, which aligns with consumer demand for more selection in the used car market [10] Group 1: Partnership Details - Hertz will allow customers to browse and purchase used cars on Amazon, with transactions completed at Hertz Car Sales locations in select cities [7] - The initial rollout will include Hertz locations in Dallas, Houston, Los Angeles, and Seattle, with plans for future expansion to all 45 Hertz Car Sales locations nationwide [7] Group 2: Market Demand - There is a growing consumer demand for a wider selection of used cars, as indicated by the success of Hyundai's participation in Amazon Autos, which has expanded from 48 to 130 cities [9] - Hertz's extensive fleet and variety of car brands position it well to meet this demand, particularly for used vehicles [10] Group 3: Financial Outlook - Hertz has faced financial challenges, including losses in the last six quarters and significant debt of $19.4 billion, which may limit the impact of this partnership on its stock performance [12][13] - In contrast, Amazon is financially stronger and profitable, which may allow it to negotiate favorable terms from the partnership with Hertz [14]

Company Overview - Hertz Global Holdings (HTZ) has experienced a volatile year, with significant stock price movements influenced by investor actions, particularly Bill Ackman's large position disclosed in April [1]. Stock Performance - Following the initial surge in April due to Ackman's investment, Hertz's stock has seen a slight decline but remains relatively stable compared to earlier fluctuations [1].

Core Insights - Hertz announced a partnership with Amazon to sell used vehicles from its rental fleet through Amazon's automotive platform, leading to a nearly 6% increase in Hertz's stock price on the announcement day [1] - The service will initially be available to consumers in Dallas, Houston, Los Angeles, and Seattle, with plans to expand to 45 cities across the U.S. [3] - Hertz is the first car rental company to collaborate with Amazon's automotive platform, providing a variety of used car brands including Ford, Toyota, and Nissan [3] Company Developments - Hertz is a globally recognized car rental company with a large fleet and extensive business network, actively exploring new business models, including partnerships with electric vehicle manufacturers and expanding used car sales channels [7] - Amazon launched its automotive platform at the end of last year, initially partnering with Hyundai to sell new and certified used vehicles, allowing consumers to browse and compare prices but not purchase online until now [5]

Core Insights - Hertz Global Holdings has partnered with Amazon Autos to sell used vehicles, leading to a significant increase in its stock price by 6% in a single trading session, outperforming the S&P 500 which declined by 0.2% [1][2]. Group 1: Partnership Details - Hertz Car Sales has signed an agreement with Amazon Autos to sell its used vehicles, indicating a strategic move to open a new sales channel [2]. - The inventory will include vehicles from major manufacturers such as Toyota, Ford, and General Motors, enhancing the variety available to consumers [4]. Group 2: Consumer Benefits - The partnership offers advantages for car buyers, including prices that are often below the Kelley Blue Book suggested retail value and a thorough 115-point inspection for each vehicle [5]. - Buyers can purchase vehicles online and pick them up at nearby Hertz Car Sales locations, although this service is initially limited to select markets including Dallas, Houston, Los Angeles, and Seattle [6]. Group 3: Financial Implications - The deal is expected to boost Hertz's revenue and profitability, although specific financial details and estimates regarding its impact on fundamentals have not been disclosed [7].

Core Insights - Hertz is partnering with Amazon to enhance its used car sales through Amazon Autos, allowing customers to search, finance, and purchase pre-owned vehicles online [2][3] - The collaboration is part of Hertz's broader transformation strategy aimed at improving customer experience through technology-focused partnerships [2][3] Company Strategy - Hertz aims to reimagine the car-buying experience by providing convenience and confidence to customers, whether they shop online or in-person [3] - The partnership with Amazon makes Hertz the first fleet dealer on Amazon Autos, enabling customers to browse Hertz's inventory and complete purchases online [3] Market Context - Amazon Autos recently began offering used vehicles, starting with Hyundai dealers in Los Angeles, and plans to expand to other brands and cities [4] - The automotive market is facing pressures from tariffs, leading to a slowdown in consumer purchases and potential production declines to balance supply [6] Analyst Perspective - Analysts view Amazon's move as a new lead generation channel for car dealers, with minimal risk of disintermediation due to franchise regulations and the complexities of used car sourcing [5] - There is skepticism regarding dealers listing their inventory without assurances of finance and insurance commissions [5]