Car rental company Hertz said on Tuesday it had elected Francis Blake and Lucy Clark Dougherty to serve as directors on its board, increasing the size to 11 members from nine.

Hertz owns a fleet of more than 500,000 vehicles valued at roughly $12 billion, Ackman noted. A 10% hike in used car prices would equate to a $1.2 billion gain on its auto assets.

Hertz is the second-largest car rental company in the world behind Enterprise and brought in $9.05 billion last year. However, revenue declined in 2024, ... HTZ Chart. HTZ data by YCharts.