Reported 1 day ago
Billionaire investor Bill Ackman has acquired a near 20% stake in Hertz Global Holdings, betting on the potential for increased used-car prices due to tariffs on imported vehicles. Ackman believes that Hertz is well-positioned to benefit from this tariff situation, predicting it could reach a share price of $30 by 2029. The company's financial turnaround relies on effective management of its operations and debt, while also considering partnerships for innovations like self-driving vehicle fleets with Uber.
Source: YAHOO