U.S. in the third quarter. The recovery of the auto industry gained momentum, with coronavirus-related loos and buyers returning to the show-room from sales by auto manufacturers. Strong demand for trucks and sport-utility vehicles is leading to a comeback, which is happening much faster than expected this summer. Contributing is …
Read More »Hertz shares skyrocket after Jefferies says CarMax, AutoNation may ‘plummet’
Hertz Global Holdings Inc. HTZ Shares, + 62.90% They shot up 20% in active trading on Wednesday, leading them to break a 4-day streak in which they lost 38%, after Jefferies analyst Hamzah Mazari said his checks suggest that CarMax Inc. KMX, -2.08% and AutoNation Inc. AN, -5.42% You might …
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