Hertz Shares Surge as Cost Cuts and Car Sales Drive Surprise Profit
Hertz Global (HTZ) posts its first profit in over two years, driven by lower vehicle costs, strong car sales, and record fleet utilization, sending shares soaring over 38%.
Hertz Global (HTZ) posts its first profit in over two years, driven by lower vehicle costs, strong car sales, and record fleet utilization, sending shares soaring over 38%.
Hertz now sells used rental cars on Amazon Autos in Dallas, Houston, LA, & Seattle. Expanding to 45 locations, this partnership marks Amazon Autos' first rental fleet deal, boosting Hertz's retail ops and aiming for convenience & profit.