Billionaire Bill Ackman Just Bought Hertz. Is the Car Rental Stock a Buy?
Billionaire Bill Ackman is one of the most closely followed investors. The head of Pershing Square Capital Management is known for betting on beaten-down big-brand stocks like Chipotle and Nike, and he's never hesitant to share his opinion, whether it's on the markets, politics, or another issue.
Sell The Hertz Rally, Buy Sixt Instead
Sixt is a Germany-based car rental business with rapidly growing U.S. revenues. If you like Hertz as a tariff play, you should definitely take a look at Sixt, which is a far more solid company. If tariffs stay or go way, Sixt is likely to profit either way.
Read Hertz CEO's letter to employees about Bill Ackman's 'significant' stake in the rental car firm
Hertz CEO Gil West said he is "encouraged" and "energized" by prominent investor Bill Ackman taking a "significant" position in the rental car company. The remarks, part of a weekly CEO message to employees, come two days after Ackman's Pershing Square disclosed a sizable stake in Hertz.
What Bill Ackman Sees in Hertz and Why He's Betting Big on the Rental-Car Company
Bill Ackman's Pershing Square has built a 19.8% stake in the car rental company.
Billionaire Investor Bill Ackman Lays Out Thesis Behind Hertz Bet
Shares rise 125% over two days as Pershing Square takes nearly a 20% stake.
Hertz shares soar after Bill Ackman's Pershing Square reveals 20% stake
Shares of Hertz Global (NYSE:HTZ) jumped more than 25% at Thursday's open after Bill Ackman's Pershing Square Capital Management disclosed a 20% stake in the car rental company worth $46 million. The stock had already surged 50% in aftermarket trading the previous evening, marking one of Hertz's sharpest rallies in years amid renewed investor optimism.
Hertz Global (HTZ) Moves 56.4% Higher: Will This Strength Last?
Hertz Global (HTZ) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Hertz shares surge more than 50% after Bill Ackman takes big stake in the rental car firm
Shares of Hertz surged 56% Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024.
Hertz's stock was flat this year. Now billionaire Bill Ackman is driving it higher.
Hertz Global Holding Inc.'s stock has been gaining favor of late as investors bet that consumers would potentially pivot to more used-auto purchases of ex-fleet cars in the face of higher new-car costs due to tariffs.
New York Hedge Fund Has $1.1 Billion Tied Up in These 2 Stocks. It's Not Looking Good.
Knighthead Capital Management is a New York-based hedge fund specializing in fundamental analysis, operational and financial turnarounds, and risk management.
Hertz (HTZ) Made an Interesting Decision to Light Billions on Fire
[00:00:04] Doug McIntyre: Hertz made an interesting decision two or three years ago that they were going to buy several tens of thousands of Teslas on the theory that Americans would adopt EVs fast.
Hertz: Another Chance To Sell
Hertz's financial struggles stem from a poorly timed investment in electric vehicles, leading to significant losses, mounting debt, and a steep stock decline. Q4 2024 results were disappointing, with revenue down 7% year-over-year and a non-GAAP loss of $1.18 per share, both missing estimates for the third consecutive quarter. The balance sheet is very weak, with rising debt and insufficient cash flow, exacerbated by higher interest expenses and a large amount of debt maturing soon.
