Jim Cramer on Hertz: "It Has Been a Contrary Name"

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the stocks Jim Cramer recently put under a microscope. When a caller highlighted that 95% of HTZ shares are owned by insiders, hedge funds, and institutions, the company reported a positive EPS in nearly two years, and its deal with Amazon, Cramer commented:

“Oh, I’ll tell you, here’s what we’re going to do: we’re going to watch Hertz. We’re going to watch it. I think that you have made a strong recommendation. I appreciate that, coming on the show. It has been a contrary name. Maybe we gotta be more open-minded, and I want to thank Mike for the idea.”

Hertz Global Holdings, Inc. (NASDAQ:HTZ) provides vehicle rental services under the Hertz, Dollar, and Thrifty brands, along with vehicle sales and additional services. During the April 21 episode, a caller mentioned Bill Ackman’s position in the company stock and Cramer replied:

“Okay, well, you know, I don’t know what Bill Ackman’s going to do because it’s, I don’t know him, and all I can tell you is that the stock’s had a very big run. It’s not a great company. I’ve seen great people befell by the stock. So I think you could take the money and run and be, or at least take out your cost basis. How about that? And let the rest ride. That would be the most prudent thing to do.”

While we acknowledge the potential of HTZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.