BUZZ-Hertz rises after report of partnering with Amazon to sell used vehicles online

Reuters
Aug 20
BUZZ-<a href="https://laohu8.com/S/HTZ">Hertz</a> rises after report of partnering with <a href="https://laohu8.com/S/AMZN">Amazon</a> to sell used vehicles online

** Car rental company Hertz Global Holdings' shares HTZ.O rise 10% to $5.72 premarket

** Hertz to start selling pre-owned vehicles on Amazon Autos to bolster retail operations as it looks to bring in more profits, CNBC reports

** Shares of peers fall; Avis Budget Group CAR.O down 4.6%, Carmax KMX.N down 4% and Carvana CVNA.N down 3.8%

** As of last close, Hertz' shares had risen 42% YTD, compared with a 24% rise for the S&P 500 Automotive Retail index .SPLRCAUTR YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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