The vehicle rental incumbent extolled the advantages for car seekers of buying on Amazon Autos. Among the benefits, Hertz said that prices will frequently be beneath the Kelley Blue Book suggested retail value (a closely followed benchmark for used vehicles), and the offered cars will have each gone through a 115-point inspection by the company.

A number of stocks fell in the morning session after markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell. The move came as U.S. equity markets recorded a fifth consecutive day of losses for major indexes like the S&P 500,

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Shares in Target ( TGT) fell more than 6% on Wednesday, after the US retailer announced that chief operating officer Michael Fiddelke will become the company's new CEO. Fiddelke is set to take over from Brian Cornell, who will become the executive chair of Target's board, both effective from 1 February 2026.

Investors clearly felt it had been lapped by its traditional rival. 10 stocks we like better than Avis Budget Group › Image source: . Under the terms of the arrangement, Hertz will sell its used cars through Amazon Autos.

Hertz Global Holdings Inc (NASDAQ:HTZ) shares are moving higher Thursday after the company reported better-than-expected financial results for the second quarter.

Now it’s expanding into car selling, which is introducing some volatility to sector stocks. Hertz and Amazon surprised investors on Wednesday, announcing a partnership to sell used Hertz vehicles on the Amazon Autos platform.