Why hertz Is Trending Today?

Hertz, the renowned car rental company, has launched a new sales channel by partnering with Amazon Autos. This collaboration allows Hertz to sell its used vehicles, including rental returns and fleet vehicles, directly to consumers through Amazon's platform. The move expands Hertz's inventory beyond its previous partnership with Hyundai, offering a wider range of used cars to Amazon shoppers. This strategic retail expansion is expected to benefit both companies, providing Hertz with an additional revenue stream and Amazon with an increased selection of used vehicles for its customers.

Hertz, the renowned car rental company, has partnered with Amazon to sell used vehicles online. This collaboration, announced on various platforms including Yahoo Finance, Straight Arrow News, and Reuters, allows Hertz to expand its sales reach and generate additional revenue. The used cars, previously rented by Hertz, will now be available for purchase on Amazon's online car marketplace, Amazon Autos. This strategic move by Hertz is expected to boost its stock prices, as seen in reports by Yahoo Finance and Seeking Alpha. The partnership also signals Amazon's expansion into the used car market, potentially impacting other online used car sellers like Carvana, as noted by Barron's.