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Hertz Shares Surge 9.79% Amid Rising Used Vehicle Prices

4/8/2026

31 4 Full Breakdown

Summary

Story summary

Hertz Global Holdings, Inc. shares rose 9.79% to $5.83 on April 7, 2026, after a report that the Manheim Used Vehicle Value Index rose 6.2% year over year, its highest since summer 2023.
The rise in used-vehicle prices reduces Hertz's depreciation costs and increases asset value.
The fixed purchase prices for new vehicles shield Hertz from rising costs, boosting its appeal amid a strengthening used-vehicle market.

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Story summary

Hertz Global Holdings, Inc. shares rose 9.79% to $5.83 on April 7, 2026, after a report that the Manheim Used Vehicle Value Index rose 6.2% year over year, its highest since summer 2023.
The rise in used-vehicle prices reduces Hertz's depreciation costs and increases asset value.
The fixed purchase prices for new vehicles shield Hertz from rising costs, boosting its appeal amid a strengthening used-vehicle market.