Hertz Global Holdings stock surged 21% to $6.78 after announcing a strategic partnership with Uber for autonomous fleet management.
The deal assigns Hertz’s Oro Mobility to operate, maintain support Uber’s robotaxi program, launching in San Francisco Bay Area later this year.
Knighthead Capital Management holds a 57.6% stake in Hertz, sharply reducing free float, while short interest stands at 18.71%.
Including Thursday’s session, Hertz stock is up about 32% year‑to‑date, reflecting strong market reaction to the partnership.