Hertz Shares Drop 12% as Ackman’s Departure Puts $984 Million Liquidity Buffer in Focus

Hertz stock has been on a rollercoaster in 2025. After starting the year in the low-to-mid single digits, HTZ shares languished under short-seller pressure until a sharp reversal this fall. Year-to-date, the stock has climbed ~84%stocktwits.com, dramatically outperforming the broader market, and is up about 142% from a year agofinviz.com. The rally accelerated in early November when Hertz’s Q3 earnings blew past expectations and confirmed a return to profitability.

Cars parked near a Hertz rental location at New York’s JFK Airport. Hertz stunned investors with a return to profitability in Q3 2025, marking a pivotal milestone in its post-bankruptcy turnaround.