Industry Overview - The global total addressable market (TAM) for ride-sharing is expected to exceed $200 billion by 2029, driven by the convenience offered by ride-hailing platforms [3] - Autonomous driving solutions are expected to revolutionize the transportation-as-a-service (TaaS) industry, bringing efficiency and serving as a catalyst for major players [4] Company Performance: Lyft - Lyft's revenue for the latest quarter was $1.436 billion, with a free cash flow of $256.40 million and a net income of $5.014 million [6] - Over the last three years, Lyft's shares have declined by approximately 75%, and its price-to-free-cash-flow (P/FCF) multiple is 13.5, significantly lower than Uber's 32.9 [6] - Lyft has shown a notable uptick in rides, bookings, operating margin, and profitability in its most recent earnings report, indicating a turnaround in demand trends [9][10][12] Company Performance: Uber - Uber's revenue for the latest quarter was $10.70 billion, with a free cash flow of $1.721 billion and a net income of $1.015 billion [6] - Uber has consistently been profitable on a GAAP basis and has diversified its platform through acquisitions like Drizly and Postmates, enhancing its consumer reach [5][6] Investment Perspective - David Tepper of Appaloosa Management increased his position in Lyft by 1,600%, purchasing 7.5 million shares last quarter, indicating a deep-value investment approach [1][7] - Lyft's stock is seen as a potential call option on broader economic health, with its current valuation considered a bargain in a large and growing market [13] - The recent cooling of inflation and the Federal Reserve's interest rate reduction are positive economic indicators that could support Lyft's growth [8][9]

Lyft and Toast look like top picks in this bull market. Find out which one is a better fit for your portfolio. As the bull market of 2024 gathers steam, investors are on the lookout for companies that can deliver robust growth or sustainable returns -- and preferably both. In this environment, both Lyft (LYFT -0.04%) and Toast (TOST -0.07%) look like solid buys. While Lyft aims to revolutionize transportation with ride-sharing innovations, Toast is disrupting the restaurant management sector with its compre ...

Group 1 - Lyft is perceived as undervalued compared to Uber, indicating potential investment opportunities in Lyft [1] - MMMT Wealth, led by Oliver, focuses on investment strategies and stock analysis, emphasizing a long-term perspective of 3-5 years [1] - Oliver has a background in financial services, including private equity and asset management, with a total of 5 years of investing experience and 4 years as a CPA [1] Group 2 - The article does not provide specific financial metrics or performance data for Lyft or Uber [1]

Company Performance - Lyft's stock closed at $12.47, reflecting a -0.48% change from the previous day's closing price, underperforming the S&P 500's daily loss of 0.19% [1] - Over the past month, Lyft's shares increased by 9.24%, outperforming the Computer and Technology sector, which saw a loss of 0.09%, and the S&P 500, which gained 2.06% [1] Earnings Forecast - Lyft is expected to report an EPS of $0.18, representing a 25% decline compared to the same quarter last year [2] - Revenue is projected to be $1.41 billion, indicating a 21.75% increase year-over-year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $0.73 per share, reflecting a +12.31% change from the previous year, while revenue is expected to reach $5.58 billion, indicating a +26.62% increase [3] Analyst Estimates and Stock Price Correlation - Recent changes in analyst estimates for Lyft are crucial for investors, as positive revisions often signal a favorable business outlook [3][4] - The Zacks Rank system, which correlates estimate changes with stock prices, currently ranks Lyft at 3 (Hold) [5] Valuation Metrics - Lyft's Forward P/E ratio stands at 17.23, which is a discount compared to the industry's average Forward P/E of 29.44 [6] - The company has a PEG ratio of 0.43, significantly lower than the Internet - Services industry's average PEG ratio of 1.8 [6] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 135, placing it in the bottom 47% of over 250 industries [7] - Historically, the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Rideshare giant Lyft is offering users the ability to lock in ride prices, a feature aimed at helping them avoid surge pricing. It'll cost subscribers $2.99 per month, and the company said that it could save riders $40 per month in savings. The price lock feature is catered to help people who make the same commute at roughly the same time every day, according to Lyft. LYFT CEO SAYS GOVERNMENT SHOULDN'T BE INVOLVED IN RIDE-SHARE PRICE SETTING In its latest earnings call, CEO David Risher said that the latest ...

The Good Brigade The last fev months have been a very burnpy ride for shareholders of ridesharing company Lyft (NASDAQ:LYFT). Baek in February of this year, I finally upgraded the stock from a 'hold' to a 'buy'. This came immediately after shares took a dive following the announcement of results covering the final quarter of the 2023 fiscal year. Unfortunately, since then, shares are down another 29.4% while the S&P 500 is up by 10.8%. As disappointing as this is, one of the great things about the business ...

The road to profitable growth could make this rideshare giant a big winner. It's been a bit over five years since Lyft (LYFT -1.69%) had its initial public offering. Unfortunately, the stock has disappointed investors, trending lower over the last several years. The rideshare giant hasn't quite been able to live up to high-growth expectations, falling behind competitors in a volatile macroeconomic environment. That being said, there are several reasons to believe this bumpy ride could still steer toward a m ...

A month has gone by since the last earnings report for Lyft (LYFT) . Shares have added about 11.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Lyft due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Earnings Beat at Lyft in Q2 Lyft reported second-quarter 2024 e ...

Shares of ride-hailing company Lyft (LYFT) have not had a good time on the bourses of late, plunging 37.7% over the past six months. The disappointing price performance resulted in LYFT underperforming its industry as well as rival Uber Technologies (UBER) in the same timeframe. Six-Month Price Comparison Image Source: Zacks Investment Research Currently trading at $11.25, the stock rebounded 27% from its 52-week low of $8.85. However, it still reflects a discount of 85% from its 52-week high of $20.82 reac ...

Can Lyft's shares reverse course? Lyft (LYFT 1.94%) has been a publicly traded stock since March 2019. The company sold 32.5 million shares at $72, raising about $2.3 billion from its initial public offering (IPO). Initially, the ride-hailing business planned on selling about 30.8 million shares at a price range between $62 and $68. But the share price quickly went south after they began trading. If you decided to invest in Lyft three years ago, how much money would you have now? Shareholders lost money Thr ...