Why Hertz Stock Was a Massive Winner on Wednesday

Storied auto rental company Hertz Global Holdings (NASDAQ: HTZ) took its investors on quite a ride Wednesday, with its shares accelerating to a 6% gain that trading session. The company's auto sales unit is teaming up with a top retailer, and the market clearly approved of the deal. That stock price pop was far more than good enough to beat the S&P 500 (SNPINDEX: ^GSPC) that day, as the indicator slipped by 0.2%. Before market open, Hertz announced, surely with a fair degree of satisfaction, that its Hertz Car Sales has signed an agreement with Amazon Autos unit to sell its used vehicles. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool