Hertz Collaborates with CARSTAR - Analyst Blog

Loading...
Loading...

In sync with its expansion strategy, Hertz Global Holdings, Inc. HTZ announced the commencement of its services for 2 additional CARSTAR locations. These include Schlenker Automotive CARSTAR in Florida and Stock Auto Body CARSTAR in Illinois.

The strategic move will augment Hertz's presence in the neighboring car rental market in the off-airport region and enable it to meet the diverse needs of customers looking for replacement, leisure and business.

By collaborating with these CARSTAR locations, Hertz will provide superior quality automobile repair services to customers. Also, this will benefit CARSTAR as the easily accessible locations will facilitate customers to rent vehicles of all sizes, ranging from small-sized cars to full-size ones, including SUVs, when their cars are at the service center. Vehicles with unlimited mileage will also be available in a wide range of rate structures suiting rentals' convenience.

Further, Hertz offers lucrative deals like special weekend discounts, apart from the usual issuance rates. The company has a loyalty program for its rentals that allow them to win Gold Plus Rewards points and receive gifts. Facilities like straight billing to insurance companies, and pickup and delivery services are also available, providing more convenience to customers.

Just a few days back, Hertz opened a new rental location in Riyadh in the Kingdom of Saudi Arabia as part of its expansion strategy. The retail store was unveiled by its joint venture enterprise with Dayim Systems titled Hertz Dayim Equipment Rental.

Hertz Dayim introduced a greenfield site in the country's capital, Riyadh. The facility will cater to Central Province-based commercial, construction, infrastructure, military, government, industrial sectors and event services.

With its presence in three main regions in Saudi Arabia, Hertz-Dayim aims to offer quality rental solutions to clients. Going forward, Hertz-Dayim intends to strengthen its foothold by introducing smaller regional centers in order to vie for the spot of the top equipment rental company in the country.

Hertz currently carries a Zacks Rank #5 (Strong Sell). Other better-ranked stocks in the same industry include Avis Budget Group, Inc. CAR and SGS SA (SGSOY), sporting a Zacks Rank #1 (Strong Buy), and ExamWorks Group, Inc. EXAM, holding a Zacks Rank #2 (Buy).


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report


AVIS BUDGET GRP CAR: Free Stock Analysis Report

HERTZ GLBL HLDG HTZ: Free Stock Analysis Report

EXAMWORKS GROUP EXAM: Free Stock Analysis Report

SGS SA ADR SWIZ (SGSOY): Get Free Report

To read this article on Zacks.com click here.

Zacks Investment Research
Loading...
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst Ratings
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...