Billionaire Investor Bill Ackman Lays Out Thesis Behind Hertz Bet - WSJ
1. Bill Ackman disclosed a nearly 20% stake in Hertz. 2. Ackman believes tariffs will increase used car prices favorably for Hertz. 3. Hertz's competitive landscape may improve due to rational behavior in the industry. 4. A 10% rise in used car prices could boost Hertz's asset value significantly. 5. Hertz shares surged 44.31% recently, showing strong market confidence.