From Yahoo Finance: 2025-04-16 17:31:00

Hertz shares surged 56% as Bill Ackman’s Pershing Square revealed a 4% stake in the rental car company, holding over 12.7 million shares. Despite gains, shares are down 11% in the past year. Hertz reported a $2.86 billion loss in 2024 due to vehicle depreciation and failed EV efforts, losing two-thirds of its value. The company also announced a partnership with UVeye for advanced AI inspection.



Read more at Yahoo Finance: Hertz Stock Soars as Billionaire Bill Ackman’s Pershing Square Discloses Stake