Hertz: Continues To Offer An Attractive, Asymmetric Return Profile

Pershing Square Holdings989 FollowersFollow5ShareSavePlay(4min)CommentsSummaryHertz is a leading vehicle rental provider in the early stages of a turnaround led by a strong management team.The company successfully completed its fleet refresh and is now in an enviable position with an average vehicle age of less than one year.These improvements led to its first profitable quarter in two years.We believe this retail strategy can evolve into a meaningful profit center, leading to structurally lower depreciation costs.Hertz has ample liquidity to address near-term liabilities and maturities while also continuing to grow its fleet this year. jokuephotography/iStock Editorial via Getty Images The following segment was excerpted from the Pershing Square Holdings (PSHZF) H2 2025 Letter To Shareholders. Hertz (HTZ) is a leading vehicle rental provider in the early stages of a turnaround led byThis article was written byPershing Square Holdings989 FollowersFollowPershing Square Holdings, Ltd. is an investment holding company structured as a closed-ended fund principally engaged in the business of acquiring and holding significant (but generally not controlling) positions in a concentrated number of large capitalization companies. PSH’s objective is to maximize its long-term compound annual rate of growth in intrinsic value per share. Note: This account is not managed or monitored by Pershing Square Holdings, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Pershing Square Holdings' official channels.