The rental car company is looking to expand its business and is considering allowing its cars to be rented out via Uber and its rent-a-car app, Reuters reports.
The app uses GPS systems to locate customers and picks them up using cars close to the user's location.
Hertz is hoping the app will entice customers into using the company's short term rental service, Hertz 42/7, Reuters added.
Hertz also told Reuters it is exploring the possibility of renting out its cars through the app but no decision has been made.
Separately, 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 several positive factors, 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 revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."