Hertz Stock Pops Following News of Amazon Deal. Time to Buy?
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Hertz Global Holdings announced a collaboration with Amazon, allowing customers to purchase Hertz used vehicles through Amazon Autos, starting with a pilot program in select cities. The market reacted positively, but details on financial impact remain vague. Hertz's Car Sales division has seen its highest volume in five years, yet the company has not provided specific performance metrics. Analysts suggest the deal may not significantly change Hertz's fortunes, but increased transparency could benefit shareholders.
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