Auto Rental and Leasing

Search documents
Hertz Stock Pops Following News of Amazon Deal. Time to Buy?
Yahoo Finance· 2025-09-20 22:05
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]
Why Hertz Stock Was a Massive Winner on Wednesday
The Motley Fool· 2025-08-20 21:48
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].