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 navigates a competitive ride-hailing landscape, balancing growth against industry leader Uber while expanding internationally and preparing for autonomous vehicles |
Financial Resilience | Despite market volatility, Lyft shows promising financial indicators with revenue growth and profitability, though analysts express mixed views on its long-term prospects |
Strategic Expansion | Explore Lyft's European venture through the FREENOW acquisition, potentially reshaping its global market presence and diversifying revenue streams |
Future Challenges | Delve into Lyft's approach to emerging threats, including aggressive competitor pricing and the disruptive potential of autonomous vehicle technology |
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 | 103.8x | −32.0x | 12.5x | |
PEG Ratio | 0.80 | 0.02 | 0.03 | |
Price/Book | 7.0x | 6.4x | 1.4x | |
Price / LTM Sales | 1.0x | 7.7x | 1.2x | |
Upside (Analyst Target) | 15.8% | 12.2% | 15.3% | |
Fair Value Upside | Unlock | −28.5% | 6.9% | Unlock |