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

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

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

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

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.

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.

Even if Hertz (via its investment bankers at Jefferies) could hypothetically sell $1 billion in new stock, that wouldn’t be enough to make its bonds whole, and the creditors would still end up ...

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.