What to expect from Hertz stock as used car prices hit a new high since 2023

Hertz Global (NASDAQ: HTZ) is inching higher on April 7th after Cox Automotive confirmed its “Manheim Used Vehicle Value Index” hit the highest level last month since the summer of 2023. According to the world's largest automotive tech and services provider, its index that tracks prices of used vehicles sold at its US wholesale auctions was up 6.2% year-over-year in March.