Hertz rises after report of partnering with Amazon to sell used vehicles online
20/08/2025 12:55
** Car rental company Hertz Global Holdings' shares HTZ.O rise 10% to $5.72 premarket ** Hertz to start selling pre-owned vehicles on Amazon Autos to bolster retail operations as it looks to bring in more profits, CNBC reports ** Shares of peers fall; Avis Budget Group CAR.O down 4.6%, Carmax KMX.N down 4% and Carvana CVNA.N down 3.8% ** As of last close, Hertz' shares had risen 42% YTD, compared with a 24% rise for the S&P 500 Automotive Retail index .SPLRCAUTR YTD (Reporting by Aatreyee Dasgupta) ((Aatreyee.Dasgupta@thomsonreuters.com))