HTZ Stock Jumps 10%, Breaks 200-DMA For First Time In Over Two Months – Retail Sees Further Upside

• According to a Cox Automotive report on Tuesday, wholesale used-vehicle prices climbed in March.
•  The Manheim Used Vehicle Value Index rose to its highest level since the summer of 2023.
• Hertz is one of the biggest car rental companies in the U.S., and it also sells used vehicles through its unit, Hertz Car Sales LLC.

Shares of Hertz Global Holdings (HTZ) jumped nearly 10% on Tuesday, reclaiming their 200-day moving average for the first time since January 22 and extending a strong rally that has driven the stock up nearly 30% so far in April.

Source: TradingView

According to a Cox Automotive report on Tuesday, wholesale used-vehicle prices climbed in March, reflecting strong demand across the market. 

The Manheim Used Vehicle Value Index rose 6.2% to its highest level since the “summer of 2023.” The Manheim Used Vehicle Value Index measures the prices dealers pay for used cars and gives buyers a general sense of market pricing trends. 

Hertz, one of the biggest car rental companies in the U.S, also sells used vehicles through its unit Hertz Car Sales LLC.

Demand Remains Strong

Overall, demand remained strong, while sales conversion reached 68.2%, well above recent averages. Retail conditions also improved in early 2026, supported by higher tax refunds and stronger consumer demand, pushing used vehicle sales about 2% higher year over year.

Meanwhile, shares of peer Avis Budget Group (CAR) surged 17% at the time of writing.

How Did Retail Traders React?

Retail sentiment on Stocktwits has remained ‘extremely bullish’ over the past 24 hours, amid ‘extremely high’ message volumes. It was ‘bullish’ earlier.

HTZ generated significant buzz on Stocktwits, with message volume increasing by more than 200% from the day before. 

According to data  Fintel, the stock has a short interest of 49.07%. One User highlighted the high short interest in the stock and expects further upside.

Year-to-date, the stock has gained around 10%.

Read also: AXON Stock Crashes To Over 18-Month Lows – Retail Expects Further Downside

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