Lyft, Inc. (LYFT)
- Previous Close
17.31 - Open
17.43 - Bid 16.64 x 3900
- Ask 16.69 x 200
- Day's Range
16.67 - 17.45 - 52 Week Range
7.85 - 20.82 - Volume
11,966,982 - Avg. Volume
17,795,616 - Market Cap (intraday)
6.681B - Beta (5Y Monthly) 2.03
- PE Ratio (TTM)
-- - EPS (TTM)
-0.88 - Earnings Date May 7, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date --
- 1y Target Est
16.32
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which 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. It also offers centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs. 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.
www.lyft.com2,945
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: LYFT
Performance Overview: LYFT
Trailing total returns as of 4/18/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: LYFT
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Statistics: LYFT
Valuation Measures
Market Cap
6.67B
Enterprise Value
6.03B
Trailing P/E
--
Forward P/E
40.65
PEG Ratio (5yr expected)
3.36
Price/Sales (ttm)
1.46
Price/Book (mrq)
12.32
Enterprise Value/Revenue
1.37
Enterprise Value/EBITDA
-31.90
Financial Highlights
Profitability and Income Statement
Profit Margin
-7.73%
Return on Assets (ttm)
-5.32%
Return on Equity (ttm)
-73.17%
Revenue (ttm)
4.4B
Net Income Avi to Common (ttm)
-340.32M
Diluted EPS (ttm)
-0.88
Balance Sheet and Cash Flow
Total Cash (mrq)
1.69B
Total Debt/Equity (mrq)
208.37%
Levered Free Cash Flow (ttm)
-79.26M
Research Analysis: LYFT
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: LYFT
Weekly Stock List
Small- and mid-cap stocks (SMID) have underperformed large-caps over the past 12 months, but may be in a better position to generate market-beating returns going forward. For one thing, SMID companies tend to focus on domestic markets, so their businesses could be less disrupted by the fallout from unrest in the Middle East, the Russian invasion of Ukraine, events related to China, or other geopolitical developments. As well, the prices of SMID stocks generally are lower than the prices of large-caps, with the P/E ratio on the Russell 2000 Small-Cap Index of 13 compared to a trailing P/E of 25 for the S&P 500. Finally, there are long stretches in the record books when SMID stocks have outperformed large-caps. From 2003-2021, for example, the Russell 2000 Index had climbed 450%, compared to an advance of 330% for the S&P 500 index. Here are the stocks with market caps below $20 billion that are on the Argus BUY list and recently were added to Argus' Mid-Cap Theme Model Portfolio.
Daily Spotlight: Fed's Favorite Inflation Indicator Out Today
The Fed's favorite inflation indicator, the PCE Price Index, will be released on Friday even though the NYSE will be closed for Good Friday. The index differs from the better-known Consumer Price Index in that its composition is changed more frequently and is quicker to reflect the impact of real-time pricing fluctuations. In the most-recent report, through January, PCE inflation was reported at 2.4%; the latest CPI report, through January, had inflation at 3.2%. Core PCE, which removes volatile food and energy prices, was 2.8% in the latest month, down from 2.9% in the prior month. Our forecasts call for 2.5% for the headline number and 2.8% for the core reading -- roughly in line month-to-month as progress toward the Fed's 2% goal gets harder as the target gets closer. We track 20 inflation measures on a monthly basis. On average, they are indicating that prices are rising at a 2.3% rate year-over-year, up 30 basis points versus a month ago. The numbers are distorted somewhat by a sharp decline in Producer Price Intermediate Goods, which are falling at an 8% rate and likely point to easing prices across the inflation spectrum in the months ahead. Focusing on core inflation -- which we obtain by averaging Core CPI, market-based PCE Ex-Food & Energy, the five-year forward inflation expectation rate, and the 10-year TIPs Break-even Interest -- our reading is 2.8%, down five basis points month-over-month. That's lower largely because sticky prices like shelter and transportation are starting to ease. Looking down the road, investors are expecting that the Federal Reserve's rate hikes ultimately will tame inflation, with the five-year forward expectation rate at 2.22%.
Analyst Report: Lyft Inc
Lyft Inc., founded in San Francisco in 2007, operates a peer-to-peer marketplace for on-demand ridesharing. Lyft was originally founded as Zimride, but reincorporated as Lyft in 2012. The company's app for smartphones enables consumers to contact drivers, arrange a meeting point, and get to their destination in a cash-free transaction. The company focuses on the U.S. market and has a presence in 645 U.S. cities. Along with ridesharing, Lyft operates a fleet of scooters and bikes. The company completed its IPO on March 28, 2019 at $72 per share.
RatingBullishPrice TargetMarket Digest: PM, RITM, LYFT, RKT
The S&P 500 and Nasdaq have moved higher in 16 of the last 18 weeks, and the indices as well as many individual stocks are printing all-time highs on a regular basis. Yet insider-sentiment data from Vickers Stock Research continues to suggest that the major move higher in stock prices is overdone and that caution should be the order of the day.