Hertz Global Holdings stock jumped Wednesday after the car-rental company announced it plans to sell cars on Amazon.com.

Hertz will be slinging its used cars through a top online marketplace. Its inventory will include all major brands. 10 stocks ...

Hertz showed Q2 progress with positive adjusted EBITDA and better cost controls, but high leverage and market risks limit ...

Update: Adds company confirmation Hertz (NASDAQ:HTZ) has confirmed a pact with Amazon Autos (NASDAQ:AMZN), allowing shoppers ...

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Rental car firm Hertz struck a deal with Amazon Autos on Wednesday to sell some of its used car inventory, which the company says will make it easier for customers to purchase cars from its fleet.

Hertz stock dropped significantly following that, as you’d expect. Without being listed on a major exchange, trading volume tends to dry up, which leads to a slumping share price.

Yet Hertz is a strange standout among its unlisted penny stock peers. Its global brand — which includes Hertz, Dollar and Thrifty — has 12,000 locations around the world.

Hertz, to its credit, disclosed the risks to prospective stock shareholders quite openly. If it had been permitted to proceed with the sale, buyers could not have said they weren’t warned.

The company, being insolvent, needs money, and a stock sale is a way to get some. Last week, the judge overseeing Hertz’s bankruptcy approved its plan to sell $500 million worth of stock.