$HERTZ GLOBAL HOLDINGS INC C/WTS 30/06/2051 (TO PUR COM) (HTZWW.US)$  just announced that they would be ordering 100,000 electric vehicles from $Tesla (TSLA.US)$ by the end of next year.
Hertz will give their customers the chance to rent out Model 3 sedans in major markets from early November. That helped Tesla gain a valuation of more than $1 trillion.
A large section of investors view TSLA stock as an anomaly. Many believe the current value isn’t reflective of its true worth, while others ...

Cathie Wood’s Ark Investment Management on Wednesday bought more shares in the U.S listed Chinese electric vehicle maker $XPeng (XPEV.US)$  on the dip and sold more shares in $Tesla (TSLA.US)$ amid a profit-booking spree.
The popular money managing firm bought 43,100 shares — estimated to be worth $1.91 million — in the Guangzhou, China-headquartered electric vehicle maker that aims to rival Tesl...

$HERTZ GLOBAL HOLDINGS INC C/WTS 30/06/2051 (TO PUR COM) (HTZWW.US)$  on Tuesday it is planning a wider national rollout of $Tesla (TSLA.US)$ electric vehicles in more markets next year as part of its fleet, as it receives the initial deliveries as part of a large order the car rental company had placed earlier this year.
What Happened: Hertz has been offering Tesla's most affordable vehi...

$Herc Holdings (HRI.US)$ $Hertz Global (HTZ.US)$ $HERTZ GLOBAL HOLDINGS INC C/WTS 30/06/2051 (TO PUR COM) (HTZWW.US)$ Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Speaking of which, we noticed some great changes in Herc Holdings' (NYSE:HRI) returns on capital, so let's have a look.
Return On Capital Employed (ROCE): What is it?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Herc Holdings:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.091 = US$336m ÷ (US$4.1b - US$427m) (Based on the trailing twelve months to September 2021).
Therefore, Herc Holdings has an ROCE of 9.1%. In absolute terms, that's a low return but it's around the Trade Distributors industry average of 11%.
The Bottom Line On Herc Holdings' ROCE
To sum it up, Herc Holdings is collecting higher returns from the same amount of capital, and that's impressive. And a remarkable 430% total return over the last five years tells us that investors are expecting more good things to come in the future. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.
Article excerpted from Yahoo.