Billionaire Bill Ackman has accumulated a stake in Hertz worth nearly 20%. Of the 10 analysts covering Hertz, not one considers the car rental stock a buy. Some may be eyeing Hertz's declining ...

For Ackman, it was a classic contrarian purchase. Hertz had fallen 90% from when it reemerged from bankruptcy in 2021 before he bought it, and the stock is not getting much love on Wall Street either.