$HTZ is up ~6% today.
If you’re wondering why, or why I think it can go much higher, here’s the angle I keep coming back to.
In the AI cycle, some of the biggest winners weren’t the flashy apps. They were the boring infrastructure layer. Data-center names like
$IREN,
$CIFR,
$WULF,
$CRWV,
$NBIS were once written off as low-margin “just miners,” then re-rated hard once the cycle turned.
Their real business wasn’t crypto. It was owning, financing, and operating hard assets at scale.
I keep asking the same question for autonomy and robotics:
If robotaxis or robots actually scale, who owns and runs the fleets?
Who finances them, maintains them, insures them, cleans them, redeploys them, and maximizes utilization?
It’s very unlikely the end state is millions of individuals owning and operating their own robot vehicles. The default model is centralized, high-utilization fleets, like airlines or data centers.
That’s why car rental companies are interesting. They already do the unsexy part.
Hertz is already running massive fleets, already plugged into ride-hailing ecosystems, and already built for “fleet-as-a-service,” even if today that fleet is human-driven.
Even if none of the autonomy angle plays out, Hertz still looks deeply mispriced on fundamentals alone. The stock is now around $6, and anyone who joined early is already up ~25%.
Earnings are coming up, and I’ll post a deeper follow-up soon.
Full deep dive below 👇
Did you buy Hert on weakness?