From Yahoo Finance: 2025-04-18 18:10:00

Billionaire investor Bill Ackman’s company Pershing Square acquired a 19.8% stake in Hertz, causing CEO Gil West to feel humbled and encouraged. Ackman praised West’s efforts to increase unit revenue and reduce operating costs, predicting a significant profit margin improvement over the next few years. Despite near-term challenges from tariff announcements, he believes Hertz will achieve higher profitability in the long run. Pershing’s stake makes it the second-largest shareholder, with Hertz shares rising 44.3% and more than 125% since the beginning of 2025.



Read more at Yahoo Finance: Hertz CEO says he is humbled by Bill Ackman’s endorsement