Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. Its platform provides a ridesharing marketplace that connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Market Dynamics | Lyft faces fierce competition in the U.S. ride-hailing market, with analysts noting challenges in maintaining market share against aggressive rivals like Ube |
Financial Trajectory | Explore Lyft's improving profitability and capital returns, with analysts projecting revenue growth and potential for positive operating margins by 2026 |
Strategic Expansion | Delve into Lyft's $197 million acquisition of FREENOW, marking its entry into the European market and aligning with international growth ambitions |
Future-Proofing | Learn about Lyft's partnerships in autonomous vehicle technology, positioning the company for potential disruption while hedging against future industry shifts |
Metrics to compare | LYFT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipLYFTPeersSector | |
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P/E Ratio | 92.2x | −47.7x | 12.7x | |
PEG Ratio | 0.41 | 0.03 | 0.03 | |
Price/Book | 11.6x | 6.9x | 1.4x | |
Price / LTM Sales | 1.4x | 8.5x | 1.3x | |
Upside (Analyst Target) | −14.9% | 5.5% | 16.3% | |
Fair Value Upside | Unlock | −26.6% | 6.1% | Unlock |