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Wall Street titan Bill Ackman makes big bet on Hertz becoming tariff winner

hertz
Hertz shares jumped 44 percent in New York trading on Thursday, extending a two-day rally in which the stock more than doubled in value. (BLOOMBERG)
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By:
Bloomberg News
Last Updated
April 18, 2025 06:48 PM

Bill Ackman’s Pershing Square Capital Management has amassed a nearly 20 percent stake in Hertz Global Holdings Inc. in a bet on the rental car company’s turnaround plan and that tariffs will boost the value of its vehicles.

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