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Hertz Global Holdings (NYSE:HTZ): Closing price $20.25
Penske Automotive Group has purchased the assets and franchise rights to become the operator of Hertz rental car locations in certain markets across Indiana. The firm will now operate in excess of twenty on- and off-airport locations, including Ft. Wayne, South Bend, and Indianapolis on-airport locations. Hertz will supply Penske with a full array of services to help grow the market presence of the Hertz brand in Indiana while ensuring all products and services provided satisfy Hertz’s high-standards of customer service. Shares closed up 2.95 percent on Tuesday at $20.26, and have been traded in a 52-week range of $10.22 to $20.37.
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