Hertz jumps 20% after Uber tie-up

Hertz Global Holdings

30/04/2026 16:08

** Shares of car rental firm Hertz HTZ.O up 21% at $6.78 after announcing new strategic fleet partnerships with Uber UBER.N

** Tie‑up focuses on fleet management support for Uber’s autonomous robotaxi and driver‑led operations in the U.S.

** Hertz’s fleet management arm Oro Mobility will provide operations, maintenance and logistics for Uber’s autonomous robotaxi program, starting in the San Francisco Bay Area later this year

** Knighthead Capital Management holds a 57.6% stake in HTZ, as per LSEG data, sharply reducing free float

** HTZ also has a short interest of 18.71%, according to LSEG data

** Including session moves, HTZ stock up ~32% YTD

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))