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,

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Hertz achieves positive adjusted corporate EBITDA for the first time in nearly two years. Get special access to three exclusive "Top 10 Stocks" power lists today, updated daily.

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.

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.