The company announced that it had teamed with Costco to bring short-term Hertz 24/7 van rental to Costco customers. The self-drive service, available at all 25 Costco warehouses in the U.K., allows Costco members to rent a Long Wheel Base Ford Transit Van to drive their purchased items home immediately. The service starts at £13, or approximately $21.70, per hour.
"We have been growing our global van rental offering through Hertz 24/7 for over five years," said Michel Taride, Group President of Hertz International in the company's statement. "Our Hertz 24/7 service enables Costco to provide its members with an attractive and efficient van delivery service. Hertz takes care of providing and maintaining the fleet and handling all customer transactions while Costco's members can enjoy the convenience of taking their purchases home straightaway, rather than waiting for the goods to be delivered in the future."
TheStreet Ratings team rates HERTZ GLOBAL HOLDINGS INC as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate HERTZ GLOBAL HOLDINGS INC (HTZ) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."