Core Insights - Lyft has seen a significant shift in its stock performance as hedge fund Bridgewater Associates completely sold its 2.48 million shares, marking a 100% reduction in its holdings, coinciding with Lyft's improved profitability and ridership metrics [1] - The mobility and sharing economy landscape has evolved over the past year, driven by increased demand and advancements in autonomous technologies, with Lyft achieving its highest free cash flow and growth in active riders [2] - Lyft's stock has experienced volatility, trading between $9.66 and $25.54 over the past year, but has shown resilience due to rising demand and operational discipline [4] Company Performance - Lyft reported a revenue increase of 11% year-over-year, reaching a new high of $1.7 billion, and gross bookings rose by 16% to $4.8 billion, both setting new records [6] - The company achieved its best profitability results, with a net income of $46.1 million compared to a loss in the previous year, and adjusted EBITDA increased by 29% to $138.9 million [6] Valuation Metrics - Lyft's valuation ratios include a price/sales ratio of 1.36, a forward earnings ratio of 47.96, and a cash flow ratio of 75.59, indicating a premium compared to traditional transport companies [5]

But another weak breath day that doesn't really seem to matter for the index trend. >> Yeah, Mac, do you want to tell me about uh Uber and the expectations there. >> So, Scott, the street is bullish on Uber's Q3 print with both Bank of America and UBS calling for a modest beat fueled by strong rid share demand and more users actively booking trips and placing food orders through the app.Even as Door Dash continues to take share, Uber's delivery category is expected to stay resilient and autonomous driving. ...