Lyft (LYFT - Free Report) closed the most recent trading day at $16.91, moving -3.01% from the previous trading session. This change lagged the S&P 500's 0.52% loss on the day. Meanwhile, the Dow experienced a drop of 1.24%, and the technology-dominated Nasdaq saw a decrease of 0.21%.
Shares of the ride-hailing company have appreciated by 18.17% over the course of the past month, outperforming the Computer and Technology sector's loss of 7.7%, and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of Lyft in its upcoming earnings disclosure. The company's earnings report is set to go public on November 5, 2026. The company is expected to report EPS of $0.43, up 65.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.92 billion, indicating a 13.98% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.65 per share and a revenue of $7.31 billion, indicating changes of +243.75% and +15.81%, respectively, from the former year.
Any recent changes to analyst estimates for Lyft should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 2.55% rise in the Zacks Consensus EPS estimate. Lyft is currently a Zacks Rank #3 (Hold).
Investors should also note Lyft's current valuation metrics, including its Forward P/E ratio of 10.59. This indicates a discount in contrast to its industry's Forward P/E of 14.91.
Investors should also note that LYFT has a PEG ratio of 0.53 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services was holding an average PEG ratio of 1.63 at yesterday's closing price.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Assenagon Asset Management S.A. decreased its stake in shares of Lyft, Inc. (NASDAQ:LYFT – Free Report) by 23.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,399 shares of the ride-sharing company’s stock after selling 57,056 shares during the period. Assenagon Asset Management S.A.’s holdings in Lyft were worth $2,753,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Nicollet Investment Management Inc. grew its stake in Lyft by 2.0% in the 3rd quarter. Nicollet Investment Management Inc. now owns 50,501 shares of the ride-sharing company’s stock valued at $758,000 after purchasing an additional 999 shares during the period. Wedmont Private Capital raised its stake in shares of Lyft by 5.0% during the 3rd quarter. Wedmont Private Capital now owns 13,517 shares of the ride-sharing company’s stock worth $218,000 after purchasing an additional 642 shares during the period. Insight Wealth Strategies LLC bought a new stake in shares of Lyft during the 3rd quarter worth $6,224,000. QRG Capital Management Inc. boosted its holdings in shares of Lyft by 8.6% in the 2nd quarter. QRG Capital Management Inc. now owns 16,658 shares of the ride-sharing company’s stock worth $243,000 after buying an additional 1,314 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Lyft in the 2nd quarter worth about $784,000. 83.07% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets LYFT has been the subject of several research analyst reports. TD Cowen decreased their price target on shares of Lyft from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on Lyft from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Canaccord Genuity Group upped their price target on Lyft from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Tigress Financial reissued a “buy” rating and issued a $28.00 price objective on shares of Lyft in a report on Wednesday, June 24th. Finally, BTIG Research reissued a “neutral” rating on shares of Lyft in a report on Friday, September 18th. Eleven analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.20.
Read Our Latest Report on Lyft Insider Transactions at Lyft In other news, Director Janey Whiteside sold 14,220 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $17.00, for a total transaction of $241,740.00. Following the sale, the director owned 66,184 shares in the company, valued at approximately $1,125,128. This trade represents a 17.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Stephen Hope sold 5,982 shares of Lyft stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $17.34, for a total transaction of $103,727.88. Following the sale, the chief accounting officer directly owned 299,974 shares of the company’s stock, valued at $5,201,549.16. This represents a 1.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 112,020 shares of company stock worth $1,850,559. Company insiders own 0.92% of the company’s stock.
Lyft Price Performance NASDAQ LYFT opened at $16.79 on Thursday. The company’s 50 day simple moving average is $16.27 and its two-hundred day simple moving average is $15.17. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. Lyft, Inc. has a 1 year low of $12.46 and a 1 year high of $25.54.
Lyft (NASDAQ:LYFT – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lyft had a net margin of 42.32% and a negative return on equity of 1.20%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, research analysts anticipate that Lyft, Inc. will post 0.81 earnings per share for the current year.
About Lyft (Free Report)
Lyft, Inc is a technology company that operates a transportation network platform in the United States and Canada. Its platform connects passengers with drivers through a mobile application and website, primarily offering on-demand rides in private vehicles, taxis and other transportation options.
The company also provides access to bicycles and scooters in select markets, as well as vehicle rentals and transportation solutions for businesses, healthcare organizations and other institutions.
Recommended Stories Five stocks we like better than Lyft GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors Want to see what other hedge funds are holding LYFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lyft, Inc. (NASDAQ:LYFT – Free Report).
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In the latest close session, Lyft (LYFT - Free Report) was down 1.98% at $16.82. This move lagged the S&P 500's daily loss of 1.09%. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
The ride-hailing company's shares have seen an increase of 10.71% over the last month, surpassing the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
Market participants will be closely following the financial results of Lyft in its upcoming release. The company plans to announce its earnings on November 5, 2026. The company's upcoming EPS is projected at $0.43, signifying a 65.38% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.93 billion, showing a 14.25% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.65 per share and a revenue of $7.31 billion, indicating changes of +243.75% and +15.8%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Lyft. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 9.77% rise in the Zacks Consensus EPS estimate. Lyft currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Lyft is holding a Forward P/E ratio of 10.42. This indicates a discount in contrast to its industry's Forward P/E of 14.82.
One should further note that LYFT currently holds a PEG ratio of 0.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 1.68 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 172, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (NASDAQ: LYFT) today announced Alcove, a new, differentiated global chauffeur network. Alcove will pair world-class, high-touch service with experienced teams and new technology that make corporate ground transportation easier to book and manage. In addition to current TBR Global Chauffeuring customers, Alcove will serve new corporate travel programs, bookers, and passengers around the world, which is expected to bring incremental Gross Bookings and st.
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Lyft is starting Alcove, a new brand aimed at business travelers.
Paul Bersebach/MediaNews Group/Orange County Register via Getty Images
Lyft is creating a new brand to target the business travel market.
The division, called Alcove, will combine new corporate travel offerings with UK-based TBR Global Chauffeuring, which Lyft acquired last year for the equivalent of $110 million.
Alcove will provide "the highest levels of service" with "great chauffeurs," Lyft CEO David Risher said in a statement Thursday.
"Like the bridge instead of the tunnel? Prefer 72 degrees? Want the rear window open just a bit? That's what Alcove will offer," he said.
Alcove is the latest effort by a ride-hailing company to tap into business and executive travel — a market that companies believe is more lucrative than your average ride.
In March, Uber started its own version, called Elite, as a similar black-car service "designed for executives, frequent travelers, and riders looking for a more elevated experience," the company said. The same month, Uber acquired Berlin-based chauffeur service Blacklane.
The global chauffeur market is worth "tens of billions of dollars," Lyft said in its statement announcing Alcove.
Alcove will initially work directly with companies and travel management firms, Lyft said. The company plans to formalize the new brand by unveiling a new portal and a mobile app next year, it said.
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Alex Bitter is a senior retail reporter covering Uber, Lyft, DoorDash, Instacart, and related companies. His coverage ranges from the experiences of gig workers to what's happening inside the world's biggest ride-hailing and delivery companies.Alex has also written about the retail and food industries. Convenience store chain Sheetz ended its "smile policy" after his reporting. Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.
The ride-hailing company is establishing a new chauffeuring brand, dubbed Alcove, that caters to demand for full days of executive travel between client meetings, conferences and flights, Chief Executive David Risher said.
Lyft keeps posting record quarters while its stock slides toward multi-year lows, and one analyst sees a path to returns that would make most investors do a double take.
Lyft (NASDAQ:LYFT | LYFT Price Prediction) is priced at $16.22, while the average analyst price target stands at $19.52. This points to implied upside of 20.3%.
Lyft runs the second-largest US ride-hail network and owns Freenow by Lyft in Europe. It has also signed autonomous vehicle partnerships with Waymo and Tensor. One bank is far more bullish than the consensus. TD Cowen analyst John Blackledge holds the Street-high $30.00 target and a Buy rating, which means about 85% upside. That is a big number for a company that keeps posting record quarters while its stock goes the other way.
Record Quarters, Shrinking Stock: How Lyft Fell 36% From Its High Spending is the biggest reason the stock fell. In the first quarter, Lyft reported EPS of $0.04 against a $0.07 estimate, missing expectations as sales and marketing costs rose to $272.9 million from $182.0 million. The second quarter brought another narrow miss: EPS came in at $0.13 versus a $0.14 estimate, even though revenue of $1.84 billion beat consensus.
Shares sit about 36% below the 52-week high of $25.54. Over the past year the stock is down 17.75%.
Much of the weakness hit the whole sector. Rideshare and delivery names all de-rated together as investors wondered whether robotaxis will eventually make human-driver networks less valuable. Lyft’s beta of 1.96 amplified that move.
TD Cowen’s $30 Case Leans on Insurance Reform and Margin Gains TD Cowen’s thesis relies on three drivers. The first is insurance reform progress, particularly in California, which should lower structural costs. The second is market share stabilizing against Uber Technologies (NYSE:UBER). The third is margin expansion through cost control. Insurance reform matters because Lyft’s insurance reserves grew to $2.07 billion from $1.70 billion.
The operating data supports the second and third pillars. Second-quarter gross bookings rose 23% to $5.5 billion, and adjusted EBITDA climbed 37% to $177.2 million. About 30% of North American rides now come through partners such as Chase, DoorDash (NASDAQ:DASH), and United Airlines. Third-quarter guidance calls for adjusted EBITDA of $183 million to $203 million. Lyft has also bought back $400 million of stock this year and authorized another $1 billion.
The AV upside is still distant. Lyft runs Waymo fleet operations in Nashville, but CFO Erin Brewer called the income statement impact “frankly pretty de minimis.”
Most of Wall Street is less convinced. Of 45 analysts, 4 rate Lyft a Strong Buy, 9 a Buy, 31 a Hold, and 1 a Strong Sell. Revisions are leaning positive, though. Over the past 30 days, 2027 EPS estimates saw 22 upward revisions against 10 downward. RBC Capital kept its Buy rating after the second-quarter report.
Entire Gig Economy Sold Off, and Lyft Gets the Smallest Consensus Upside Lyft has company in this selloff. Its peers fell even more over the past year.
Uber is down 25.51% over the past year to $71.51. Against an average target of $100.86, that means 41% upside. Analysts are heavily bullish, with 9 Strong Buys, 33 Buys, 8 Holds, and 1 Sell. That is about double Lyft’s consensus upside.
DoorDash is down 28.66% over the past year to $196.50. Its average target of $257.25 means 30.9% upside. It has 9 Strong Buys, 27 Buys, 10 Holds, and no Sells.
On consensus numbers, Uber offers the most upside in the group. Lyft only takes the lead if you use TD Cowen’s Street-high target. Price targets are opinions, so treat these figures as one input among several.
Lyft Trails the S&P 500 Badly Despite a Sharp One-Month Bounce At $16.22, Lyft has 20.3% implied upside to the $19.52 consensus target, a figure built from 45 analyst ratings. Year to date, the stock is down 16.26%, while the S&P 500 is up 14.17%.
Momentum is improving. Lyft gained 8.86% over the past month, compared with 2.12% for the index. The stock trades at a forward P/E of about 9. The trailing P/E is misleadingly low because of a one-time tax benefit in 2025.
Cash Flow Makes Lyft Compelling, but Uber Still Sets the Ceiling Lyft looks like a bargain if insurance reform comes through, partnerships keep growing gross bookings faster than 15%, and EBITDA margin keeps climbing past 3.2% of bookings. It becomes a value trap if marketing spend has to keep rising just to hold share against a much larger Uber, or if robotaxis weaken the value of a human-driver network before Lyft’s AV partnerships produce revenue.
I lean bullish. Lyft has posted four consecutive quarters of more than $1 billion in trailing free cash flow, and it is using that cash to buy back stock at single-digit forward earnings. That limits the downside. Reaching $30 requires near-perfect execution, though. The consensus target is the more realistic marker, and the earnings reports to keep an eye on are the ones that show whether margins expand as forecast.
Contact [email protected] for any questions or corrections.
Lyft has agreed to pay $272.5 million to settle claims that it committed wage theft against California drivers in the six-year lawsuit the Golden State brought against the rideshare company.
California Attorney General Rob Bonta and the city attorneys of Los Angeles, San Diego and San Francisco sued Lyft in 2020 on allegations the company misclassified drivers as independent contractors between 2016 and 2020, meaning drivers were paid well below minimum wage and denied other workplace protections required under state law.
The majority of the money Lyft has agreed to pay, around $237 million, will be put in a third-party fund to be allocated to drivers. Drivers' eligibility and compensation will be based on the hours and total miles driven between April 2016 and December 2020.
LYFT TO LAUNCH NATIONWIDE FUEL SAVINGS PROGRAM AS DRIVERS FEEL PINCH FROM RISING GAS PRICES
Lyft has agreed to pay $272.5 million to settle claims that it committed wage theft against California drivers. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
"We are proud to announce this landmark win for workers, the largest misclassification settlement in California’s history," Bonta said in a statement. "Rideshare companies like Lyft have enjoyed massive growth and profits on the backs of drivers over the past decade, many of whom are from immigrant communities and communities of color. Lyft’s success would not be possible without the drivers Lyft sought to unfairly short-change. Hard-working employees deserve full compensation for their labor."
Ticker Security Last Change Change % LYFT LYFT INC. 16.13 +0.53 +3.40% "We have not and will not stand by when companies attempt to shirk their legal responsibilities and deprive employees of their wages and benefits as required under California law," he continued. "We will continue to fight to empower workers, combat unfair and deceptive practices, and ensure all Californians can thrive from the fruits of their labor."
UBER ORDERED TO PAY $40M AFTER DRIVER LEAVES INTOXICATED WOMAN ON FREEWAY
The majority of the money Lyft has agreed to pay, around $237 million, will be put in a third-party fund to be allocated to drivers. (Photo by Spencer Platt/Getty Images / Getty Images)
The settlement still needs to be approved by the court.
Once the court approves the settlement and Lyft begins making payments to the settlement fund, eligible drivers will be notified through the third-party administrator about when they can send in their information for restitution.
"When companies misclassify their workers, they deny them critical protections and shift the burden onto taxpayers," Los Angeles City Attorney Hydee Feldstein Soto said in a statement. "This historic settlement sends a clear message: companies must follow the law, pay their fair share and play by the rules."
California Attorney General Rob Bonta and the city attorneys of Los Angeles, San Diego and San Francisco sued Lyft in 2020. (Sarah Reingewirtz/MediaNews Group/Los Angeles Daily News via Getty Images / Getty Images)
Despite Lyft agreeing to pay the settlement to bring an end to the lawsuit, the rideshare giant still maintains it did not engage in any wrongdoing.
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FOX Business has reached out to Lyft for comment.
Between 2016 and 2020, Lyft reported a total revenue of $9.5 billion. Most Lyft drivers take home between $11 and $18 an hour after expenses, according to data compiled by ShiftTracker.
Lyft (LYFT - Free Report) ended the recent trading session at $15.73, demonstrating a +1.75% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.66%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 1.05%.
The ride-hailing company's shares have seen a decrease of 7.54% over the last month, not keeping up with the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Lyft in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.43, marking a 65.38% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.93 billion, up 14.25% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.63 per share and a revenue of $7.31 billion, demonstrating changes of +239.58% and +15.8%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Lyft. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.05% upward. Lyft presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Lyft is at present trading with a Forward P/E ratio of 9.47. Its industry sports an average Forward P/E of 15.25, so one might conclude that Lyft is trading at a discount comparatively.
It's also important to note that LYFT currently trades at a PEG ratio of 0.47. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Internet - Services industry was having an average PEG ratio of 1.68.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Lyft's Flexdrive arm just opened a depot for self-driving cars in Nashville. Heather Diehl/Getty Images A former US Postal Service facility near Nashville isn't housing servers. Instead, it's been renovated for self-driving cars.
The facility opened on Thursday under the management of Flexdrive, Lyft's car-rental arm. Later this month, autonomous vehicles from Alphabet-backed Waymo will start pulling in when they need a charge, repairs, a clean, or other maintenance in between shuttling passengers around the Southern city, Lyft said on Friday.
The 80,000-square-foot depot is the latest example of a big investment that companies need to make to get in on the robotaxi game: A place to house and fix the vehicles when they're not providing rides.
It's a need that's drawing real estate investment from ride-hailing services like Uber and Lyft, the companies behind the self-driving cars, and other players, such as companies that make EV charging infrastructure.
Lyft's Nashville facility has "dozens of chargers capable of supporting hundreds of autonomous vehicles," the company said on Friday. There are also bays to work on cars and secure storage for parts, Lyft said.
What we learned from the Tesla 'company update'
The depot is staffed by about 70 full-time employees, the company said, and it sees potential "to create hundreds of jobs in the coming years."
Many of the people Lyft employs at the new facility used to be Lyft drivers themselves. For ride-hailing drivers, cleaning or servicing self-driving cars at a depot is an opportunity to follow a new career path, Parks told Business Insider in June.
"If you want to get skilled up while you're working at one of our depots and then go work somewhere else, great," Parks said.
Do you have a story to share about Lyft or ride-hailing? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
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Alex Bitter You're currently following this author! Click to unsubscribe from email alerts.
Alex Bitter is a senior retail reporter covering Uber, Lyft, DoorDash, Instacart, and related companies. His coverage ranges from the experiences of gig workers to what's happening inside the world's biggest ride-hailing and delivery companies.Alex has also written about the retail and food industries. Convenience store chain Sheetz ended its "smile policy" after his reporting. Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.
Lyft ride-hailing self-driving cars More Transportation
Lyft has agreed to pay $272.5 million to settle a lawsuit accusing the ride-hailing company of violating California law by misclassifying drivers as independent contractors, instead of employees.
The company said in a regulatory filing that it believes the settlement will allow it to avoid the “costs and distraction of protracted litigation and enable management to maintain its focus on executing its business objectives.”
Lyft could not be reached for comment.
The settlement stems from a lawsuit filed by the California Labor Commissioner’s Office in August 2020 that accused Lyft of treating drivers as independent contractors rather than as employees, as required under state law at the time.
The lawsuit alleged that drivers were denied minimum wage and overtime as well as other benefits and protections provided to employees, including paid sick leave and timely wage payments.
“This settlement is about the workers who came forward and spoke up. Their voices made this outcome possible,” California Labor Commissioner Lilia García-Brower said in a statement, adding that the LCO will forgo its share of the settlement and direct those funds to drivers who filed wage claims.
The settlement, which still must be approved by a judge, covers alleged violations from April 6, 2016 to December 15, 2020 — a period California was grappling with whether workers in the booming gig economy were independent contractors or an employees.
Today, drivers for app-based transportation services like Lyft and Uber are classified as contractors after voters passed ballot measure Proposition 22 in 2020. The ballot measure provided a carve-out from Assembly Bill 5, a state law passed in 2019 that required companies like DoorDash, Lyft, and Uber to classify gig workers as employees, entitling them to minimum wage, workers’ compensation, and other benefits.
Even after AB 5 took effect, Lyft, Uber, and other companies that relied on gig workers continued to classify their drivers as contractors. That eventually led to legal action from the LCO, California Attorney General and the City Attorneys of Los Angeles, San Diego and San Francisco, as well as private actions filed under California’s Private Attorneys General Act. The cases were coordinated in San Francisco Superior Court in September 2021.
The settlement closes this legal chapter, at least for Lyft. Uber still faces an LCO lawsuit that makes similar allegations.
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Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.
The S&P 500 index currently trades at 26.3 times earnings. That's well above its long-term average of roughly 16 times earnings.
Does that mean a market crash is coming? Not necessarily. Rising corporate profit margins have pushed market price-to-earnings ratios higher over the past two decades. And AI growth could justify the rich valuation.
But above-average valuations tend to revert at some point. Whenever the next downturn happens, I'll likely be buying more of one particular growth stock.
Premium Feature
Moneyball Superscore
79/100
Today's Change
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-0.47
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-0.33
Current Price
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69.04
Uber Technologies can thrive in both bull and bear markets Uber Technologies (UBER -0.47%) currently trades at just 15 times earnings. Its free cash flow yield is roughly 7%.
Why is Uber stock so cheap? Bears worry that the robotaxi industry will hurt Uber's core business. But as hedge fund manager Bill Ackman recently quipped, "When a company becomes a verb, that's a pretty good sign it's in a dominant position." In my view, Uber could actually grow stronger as robotaxis scale up, given its position as the central platform for mobility demand.
Image source: Getty Images.
During a market correction, expect Uber shares to decline, as they have in previous downturns. But the company's high levels of cash generation should blunt much of the pressure. Economic disruptions, meanwhile, could improve its driver supply even further as dislocated workers seek additional gigs. Struggling competitors such as Lyft (LYFT +0.90%) will likely cede even more share to a better-financed Uber during an economic downturn.
Uber stock isn't a perfect safe haven during a bear market. But the company has enough funds to continue investing over a prolonged period of market pain. I expect the company to emerge from any downturn with a stronger competitive position than when it entered.
Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lyft. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.
Lyft's stock keeps falling even as its bookings and cash flow grow stronger, and one analyst sees a full double from here while 29 others are still waiting for proof. The gap between those two views tells you everything about…
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Lyft (NASDAQ:LYFT | LYFT Price Prediction) trades at $15.07. The average analyst price target is $19.44, which works out to about 29% of potential upside.
Lyft runs a rideshare network in North America and Europe (as Freenow by Lyft), now integrating human drivers with autonomous vehicles from Waymo, Baidu and Tensor. TD Cowen’s John Blackledge is the most bullish analyst, reiterating a Buy rating with a $30.00 target, meaning about 99% upside.
That gap matters because Lyft’s runs numbers keep getting better while its stock price keeps falling.
Robotaxi Fears and Earnings Misses Drove a 34% Slide Lyft has lost 34.28% over the past year. Coverage points to concerns over rising costs, competition, and robotaxi uncertainty. The fear is that driverless fleets will turn human-driven rides into a commodity.
Earnings added pressure. In Q1, EPS came in at $0.04, missing the $0.07 estimate, as sales and marketing spending rose 68% to $272.9 million. In Q2, revenue of $1.84 billion beat estimates, but EPS of $0.13 missed the $0.14 estimate. The stock fell 14.86% in the past month.
TD Cowen Sees a Double While Most of the Street Waits TD Cowen’s case has three parts:
Partnerships: Deals like the DoorDash integration and AV fleet partnerships add to gross bookings. Ride frequency: Subscriptions and better driver supply help Lyft ride more often with users and hold share in core U.S. cities. Margins: Cost control and steadier insurance costs expand margins and free cash flow. Latest numbers support the bull case. Partnerships account for about 30% of North American rideshare rides. Gross bookings grew 23% to $5.5 billion. Adjusted EBITDA rose 37%. Q3 guidance calls for an adjusted EBITDA margin of 3.3% to 3.6%, up from 3.2%. Waymo supply sharing is expected “before the end of the year”.
Analysts expect EPS to rise from $0.5466 this year to $0.9667 next year. Over the past 30 days, 2027 estimates saw 22 higher revisions and 10 downward ones. RBC also maintained its Buy after Q2. Of 45 analysts, 4 rate the stock Strong Buy, 11 Buy, 29 Hold and 1 Strong Sell. The CFO called the near-term AV profit impact “frankly pretty de minimis.”
Uber and DoorDash Sank Right Alongside Lyft Lyft’s biggest peers have fallen almost as far in the same period.
Uber (NYSE:UBER) is down 29.2% over the past year and trades at $69.36. Its average target is $100.77, meaning 45% upside. 43 of its 51 analysts rate it a Buy or better, which is far stronger support than Lyft gets.
DoorDash (NASDAQ:DASH) is down 31.21% over the past year and trades at $187.1. Its average target is $256.26, meaning 37% upside. 35 of its 45 analysts rate it a Buy or better.
Measured against average targets, Uber has the most upside of the three and Lyft has the least. Lyft only looks cheapest if you use TD Cowen’s outlier target. None of these targets is a guarantee.
Lyft Trails the S&P 500 While Trading at 9x Forward Earnings At $15.07, Lyft is about 29% below the $19.44 average target from 45 analysts. It trades at about 9x forward earnings with a free cash flow yield of 19.6%.
Lyft is down 22.2% year to date, while the S&P 500 is up 12.07%. Over one year, Lyft has lost 34.28%, compared with a gain of 15.15% for the index.
Cash Flow Supports Lyft, but Robotaxis Cap the Upside Lyft looks attractive if margin expansion holds and the Waymo partnership adds rides without eating away pricing. It looks risky if marketing spending outpaces earnings or robotaxis compress rideshare prices faster than partnerships can offset.
For the bull case to play out, Lyft needs to hit its EBITDA guidance each quarter, keep generating more than $1 billion in trailing free cash flow and show that AVs grow the overall market. On the bear side, the risk is that Lyft becomes a price-taker running fleets for companies that own the autonomous technology.
The realistic target is the $19.44 consensus rather than a double. With 29 Hold ratings, most of the Street wants proof before following TD Cowen.
Contact [email protected] for any questions or corrections.
SAN FRANCISCO--(BUSINESS WIRE)--Starting today, Lyft (NASDAQ: LYFT) riders can use their Lyft app in cities across Europe. Early access to the Lyft app rolls out in Barcelona and Hamburg first; throughout October, the Lyft app will become available for riders to use in some of Europe's largest cities including London, Rome, Paris, Berlin, Athens, and Warsaw. By the end of October riders visiting Spain, Italy, Greece, Poland, England, Scotland, Ireland, Austria, France, and Germany will have one.
Lyft (LYFT - Free Report) closed the most recent trading day at $15.07, moving +1.28% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 0.09%.
Prior to today's trading, shares of the ride-hailing company had lost 11.95% lagged the Computer and Technology sector's gain of 3.58% and the S&P 500's loss of 0.24%.
Analysts and investors alike will be keeping a close eye on the performance of Lyft in its upcoming earnings disclosure. The company is expected to report EPS of $0.43, up 65.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.93 billion, indicating a 14.25% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.63 per share and a revenue of $7.31 billion, representing changes of +239.58% and +15.8%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Lyft. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.05% higher within the past month. Lyft presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Lyft is presently being traded at a Forward P/E ratio of 9.11. This valuation marks a discount compared to its industry average Forward P/E of 15.5.
It's also important to note that LYFT currently trades at a PEG ratio of 0.46. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Services industry had an average PEG ratio of 1.63.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 203, this industry ranks in the bottom 18% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
PHILADELPHIA, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating whether certain officers and directors of Lyft, Inc. ("Lyft" or the "Company") (NASDAQ: LYFT) may have breached their fiduciary duties to Lyft and whether the Company and its shareholders may have suffered harm as a result.
On July 23, 2026, short seller Bleecker Street Research ("BSR") published a report titled "Lyft: Massive Liabilities, Limited Capacity to Pay Them, and a Deteriorating Business Outlook."
According to the BSR report, "Lyft faces an estimated $1.3 to $2.7 billion of exposure from consolidated rideshare sexual-assault litigation against only $533 million of combined legal and tax accruals, of which little, if any, appears to be set aside for such claims. In fact, no specific sexual assault-related accrual appears on Lyft's balance sheet, which has only $1.7 billion of unrestricted cash and investments."
The report further stated that Lyft "will struggle to swallow a multibillion-dollar liability" and that Lyft was defending "over 2,000 sexual harassment and assault cases filed publicly."
LYFT SHAREHOLDERS: If you own Lyft common stock, you are encouraged to contact Kehoe Law Firm to learn more about the investigation and your potential legal rights.
Kehoe Law Firm, P.C. is a plaintiff-side class action law firm representing investors, consumers, and employees in securities fraud, corporate misconduct, antitrust, data breach, consumer fraud, employment, and retirement-plan matters. Its attorneys have served as lead or co-lead counsel in major securities cases recovering more than $10 billion for investors. Class action legal services are provided on a contingency-fee basis, subject to court approval of attorneys' fees and expenses.
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Osahon Aburime, a former Lyft driver, was injured in a car accident. Osahon Aburime Osahon Aburime opened his Lyft app on Mother's Day last year to make some money.
That day, the North Carolina driver had made about $80 to put toward taking his wife out to dinner and getting a gift for his mom. As he was on his way to pick up a passenger, though, he got into a car accident.
"All of a sudden, I just saw this car in front of me, so I stepped on my brakes," he said. "We just ran into each other."
Sixteen months later, he uses a cane to walk, he said. He tried unsuccessfully to return to work as a ride-hailing driver.
"I said, 'Let me see if I can continue to drive to make money for my family,'" he said. "But it just got to a point now I can't even bend down."
Aburime's experience shows one occupational hazard of working as a driver for a gig-work platform like Lyft or Uber. While the apps say they provide insurance coverage, the independent contractors doing the work often have fewer protections than traditional full-time employees.
"Safety is fundamental to Lyft and it is our goal to make every ride safe, comfortable and reliable," a Lyft spokesperson said. "We maintain auto liability insurance that meets local and state regulations."
'Nobody deserves this'After the accident, Aburime had pain in one of his feet, according to a report from the hospital viewed by Business Insider. He also lost the Chevy Malibu that he was driving when he got into the accident.
His income has also been affected. Before the accident, it was typical for him to make around $1,700 a month on Lyft. The money helped support his family, along with his wife's income working at an eye clinic.
Since the accident, though, he hasn't been able to earn money, he said. That led him to fall behind on payments toward his minivan, which his lender repossessed earlier this year, according to a notice seen by Business Insider.
Aburime has also been fighting to get a payout from Mobilitas, which provides ride-hailing insurance to Lyft. Aburime said that he's reached out to the North Carolina Department of Insurance for help. The department has told him to look for a lawyer — something he says he can't afford.
A day after the accident, Mobilitas denied Aburime's claim, according to the insurance documents he provided.
The denial contained incorrect information about the accident, though, including the wrong time, according to a letter sent from North Carolina's insurance department . It also suggested that Aburime wasn't on his way to pick up a passenger when the accident happened — something he denies.
The company has since corrected some of the details, but has continued to deny his claim. Mobilitas did not respond to a request for comment on this story.
Fighting for an insurance payout has taken time away from trying to find other work and recovering from his injuries, he said. "These rideshare companies tell you that you are covered if something like this happens," he said.
Other gig workers have faced their own challenges after suddenly not being able to work on apps like Uber and Instacart.
In some cases, the companies have deactivated workers' accounts, Business Insider previously reported. The company's policies say that workers can lose access to the apps by abusing them.
Some drivers have told Business Insider that they were kicked off the apps — and lost income — after an overcharge at a store checkout. One Instacart worker won $28,000 in back pay after a months-long arbitration process over such a deactivation.
Others, like Aburime, have tried to get insurance settlements after getting injured on a gig.
"I don't think any company should treat the people who work with them like this," Aburime said.
Do you have a story idea about Uber or Lyft? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
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Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.
In the latest trading session, Lyft (LYFT - Free Report) closed at $15.50, marking a -1.21% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.14%. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 1.69%.
Prior to today's trading, shares of the ride-hailing company had lost 9.98% lagged the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
The investment community will be paying close attention to the earnings performance of Lyft in its upcoming release. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 73.08% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.93 billion, reflecting a 14.25% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.63 per share and revenue of $7.31 billion. These totals would mark changes of +239.58% and +15.8%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Lyft. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 7.05% rise in the Zacks Consensus EPS estimate. Lyft is currently a Zacks Rank #3 (Hold).
Looking at valuation, Lyft is presently trading at a Forward P/E ratio of 9.93. This denotes a discount relative to the industry average Forward P/E of 15.73.
We can additionally observe that LYFT currently boasts a PEG ratio of 0.5. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.52.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 26% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Shares in Lyft Inc. (LYFT) hit the brakes after Guggenheim downgraded the stock to neutral from buy and lowered its price target. George Tsilis explains why the analyst is easing its foot off the gas for Lyft.
LAS VEGAS--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) and Lyft (Nasdaq: LYFT) announced today a multi-year marketing partnership, naming Lyft as an official rideshare partner of Sphere. The partnership provides Lyft with premier brand integrations and visibility across Sphere's ecosystem, such as in-venue digital signage and out-of-venue signage, a dedicated Lyft pickup and drop-off zone within Sphere's rideshare lot and in-app wayfinding. “At Sphere, we welcome guests from around t.
Grab Holdings (GRAB -1.38%), a super-app for ride-hailing, deliveries, and digital financial services, closed at $2.87, down 1.37%. The stock moved after Grab announced a $1.49 billion cash deal for a 60% stake in Atome Financial. Investors are watching the financial services expansion and consumer lending reach looking ahead. Trading volume reached 82.1M shares, coming in about 72% above its three-month average of 47.6M shares. Grab Holdings IPO'd in 2020 and has fallen 76% since going public.
How the markets moved todayThe S&P 500 (^GSPC -0.45%) fell 0.43% to 7,553, and the Nasdaq Composite (^IXIC -0.01%) slipped 0.01% to 25,978. Among ride-hailing, delivery, and consumer fintech platforms, Uber Technologies (UBER -0.64%) closed at $71.01, down 0.59%, while Lyft (LYFT +0.00%) finished at $15.69, unchanged, as mobility peers remained in focus.
What this means for investorsGrab, the Southeast Asian delivery, mobility, and financial services upstart, continues to show it intends to become the leading "superapp" in its niche after acquiring 60% of Atome Financial for $1.49 billion today. Prior to the deal, Grab held over $6 billion in cash versus minimal debt, so the deal shouldn't be a funding problem by any means.
Atome Financial operates in five of Grab's six markets and brings over 25 million unique transacting users, helping to beef up the latter's fintech offerings. Atome has seen its gross merchandise volume grow ninefold over the last six years and is profitable on an adjusted EBITDA basis.
As of 2024, merely 5% of Southeast Asian adults owned a credit card and only 14% had borrowed from a financial institution, so the potential here for Grab could be massive if they execute successfully upon this opportunity.
Josh Kohn-Lindquist has positions in Lyft and Uber Technologies. The Motley Fool has positions in and recommends Lyft. The Motley Fool recommends Grab and Uber Technologies. The Motley Fool has a disclosure policy.
Sphere and Lyft Announce Multi-Year Partnership, Naming Lyft an Official Rideshare Partner of the Venue Sphere Entertainment Co. (NYSE: SPHR) and Lyft (Nasdaq: LYFT) announced today a multi-year marketing partnership, naming Lyft as an official rideshare partner of Sphere. The partnership provides Lyft with premier brand integrations and visibility across Sphere’s ecosystem, such as in-venue digital signage and out-of-venue signage, a dedicated Lyft pickup and drop-off zone within Sphere’s rideshare lot and in-app wayfinding.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260916214035/en/
“At Sphere, we welcome guests from around the world, offering brands unparalleled opportunities to connect with a global audience,” said Marcus Ellington, Executive Vice President, Ad Sales and Sponsorships, Sphere. “Lyft has built one of the most widely used rideshare platforms, connecting people to the places and experiences that matter most to them. This partnership provides Lyft meaningful visibility across Sphere’s global platform while extending best-in-class services to our guests.”
“Sphere is redefining what live entertainment can be, and we want getting there to feel just as extraordinary and joyful to our customers. This partnership puts Lyft at the center of that journey from the moment someone requests a ride to the moment they walk through Sphere's doors, we're focused on making it seamless, safe, and genuinely exciting. Las Vegas is one of Lyft's most active markets for live entertainment and event travel, and Sphere is exactly the kind of iconic, high-demand destination where we want to show up at our best. We're proud to bring operational excellence to Sphere Las Vegas, one of the most iconic venues in the world,” said Jordan Glassberg, VP of Partnerships, Lyft.
As an official rideshare partner, Lyft will receive brand exposure at Sphere during live residencies, Sphere Experiences, and brand and marquee events. This includes in-venue IPTV placements and prominent exposure on exterior venue signage including within the rideshare lot at Sphere, providing high-impact opportunities to engage with audiences both inside and outside the venue.
About Sphere Entertainment Co.
Sphere Entertainment Co. is a leader in immersive experiences, technology and media. The Company includes Sphere, an experiential medium powered by advanced technologies. The first Sphere opened in Las Vegas, with plans also announced for Sphere venues in Abu Dhabi and National Harbor. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming. More information is available at www.sphereentertainmentco.com.
About Lyft
Whether it’s an everyday commute or a journey that changes everything, Lyft is driven by our purpose: to serve and connect. Founded in 2012, Lyft has grown into a global mobility platform offering a mix of rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes, and scooters across six continents and thousands of cities. Millions of drivers have chosen to earn on billions of rides - helping to create a more connected world, with transportation options for everyone.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260916214035/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
With disruptions to mail voting systems and other election-related problems potentially sidelining some voters this election season, Lyft is offering, well, a lift!
Lyft (LYFT - Free Report) closed the most recent trading day at $15.32, moving +2% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.86%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.96%.
The ride-hailing company's shares have seen a decrease of 12.32% over the last month, not keeping up with the Computer and Technology sector's loss of 0.56% and the S&P 500's loss of 1.96%.
Analysts and investors alike will be keeping a close eye on the performance of Lyft in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.44, reflecting a 69.23% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.93 billion, showing a 14.67% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.58 per share and a revenue of $7.32 billion, indicating changes of +229.17% and +15.94%, respectively, from the former year.
Any recent changes to analyst estimates for Lyft should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Lyft possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Lyft is currently trading at a Forward P/E ratio of 9.51. This signifies a discount in comparison to the average Forward P/E of 15.96 for its industry.
Meanwhile, LYFT's PEG ratio is currently 0.48. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Services industry currently had an average PEG ratio of 1.48 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 200, positioning it in the bottom 19% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) today announced that Michael Brous has been appointed Chief Financial Officer, effective September 28, 2026. Brous takes over from Erin Brewer, who plans to retire and will remain with Lyft as an advisor through December 15, 2026 to support the transition. Brous has served in Lyft senior management for nearly eight years, currently as Head of Lyft Urban Solutions (LUS) and Safety and Customer Care (SCC).
"As we scale our global platform and grow our AV capabilities, Michael’s financial discipline, operational chops, and deep knowledge of our business and customers make him the perfect choice as our next CFO," said Lyft CEO David Risher. "He has delivered results again and again – across finance, strategy, growth, and operations. I am excited to partner with him as we execute on our next chapter of growth."
Brous joined Lyft in 2018 through its acquisition of Motivate, where he was the VP of Finance. Since then, he's taken on several senior leadership roles at Lyft. As Head of LUS, Brous oversaw a leading micromobility provider with over 195,000 bikes across 55 systems worldwide, including New York’s Citi Bike, London’s Santander Cycles, and Barcelona’s Bicing. Since Brous took on the role three years ago, he scaled popular ebikes and improved asset uptime and utilization, which led to compounding double-digit rides growth. This growth, coupled with operational discipline, drove strong margins and cash flows for the business. He also secured renewals for key markets including London and San Francisco, introduced a next-generation ebike, and oversaw the planned acquisition of Serveo’s bikeshare business in Spain, extending LUS’ operations footprint to the other side of the Atlantic.
"Lyft continues to prove the fundamentals of the business are strong and that there's a meaningful runway ahead as we scale the platform,” said Brous. “I’m fortunate to be stepping into a finance organization that is already executing with real rigor and discipline. As CFO, I’m looking forward to building on that foundation as we continue creating long-term value for drivers, riders, partners, team members, and shareholders."
On Brewer’s tenure: “Erin has been an extraordinary leader and partner since joining Lyft in 2023,” Risher continued. “Under her leadership, Lyft achieved GAAP profitability, has generated over $2 billion in free cash flow, and has delivered consistent and profitable growth year after year. Huge thanks to Erin for everything she’s done to set Lyft up for its next chapter.”
“Lyft is in a stronger place than ever, and set up well for continued growth and profitability,” said Brewer. “I have worked alongside Michael for years and consider him a trusted colleague and exceptional leader. He brings both the financial background, as well as the real operational experience that Lyft will need to be successful as we layer more autonomous vehicles into our networks. Being CFO at Lyft has been the highlight of my career and I’m so grateful to David and the team for this incredible opportunity. I look forward to supporting Michael in this transition.”
About Michael Brous
Drawing on his background in safe, sustainable mobility, Michael Brous has enabled Lyft to build transportation ecosystems that connect people to where they want to go. Currently the Head of Lyft Urban Solutions (LUS) and Safety and Customer Care (SCC), he has overseen the company's micromobility division and Lyft’s safety and support teams. He brings extensive expertise in finance, operations, and urban transportation, as well as broad knowledge of Lyft’s operational complexity. In his current role, Brous leads LUS, one of the leading micromobility providers, with over 195,000 bikes across 55 systems worldwide. He also leads SCC teams that handle over 1.5 million monthly interactions to promote a seamless and safe experience for all riders and drivers.
At Lyft, Brous has progressed through several leadership positions within LUS, including Head of Strategy and Growth, Co-Head of Operations, and Head of Financial Planning & Analysis. Before joining Lyft, Brous served as VP of Finance at Motivate International Inc., where he helped facilitate the company’s acquisition by Lyft in 2018. Earlier in his career, he worked at REQX Ventures, an investment company, Versa Capital Management, a private equity firm, and Financo, Inc., an investment advisory firm. Brous holds a B.S. in Finance from The Wharton School at the University of Pennsylvania.
Outside of work, Brous enjoys traveling with his family and staying active in the weight room. He’s an avid Citi Bike rider, but his favorite place to take a Lyft is home from Madison Square Garden after a Knicks game.
Lyft Reaffirms Q3 2026 Guidance
Lyft is reaffirming its third quarter 2026 Gross Bookings, Adjusted EBITDA, and Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) guidance that it provided on August 6, 2026. Lyft expects to report its third quarter 2026 earnings in November 2026.
About Lyft
Whether it’s an everyday commute or a journey that changes everything, Lyft is driven by our purpose: to serve and connect. Founded in 2012, Lyft has grown into a global mobility platform offering a mix of rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes, and scooters across six continents and thousands of cities. Millions of drivers have chosen to earn on billions of rides - helping to create a more connected world, with transportation options for everyone.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Lyft’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “going to,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Lyft’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding Lyft’s strategies and opportunities, Lyft’s guidance and outlook, including Lyft’s expectations for its financial and operating performance in the third quarter of 2026, and the Company’s executive transition. Lyft’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the macroeconomic environment and risks regarding our ability to forecast our performance due to our limited operating history and the macroeconomic environment and the risk that our partnerships may not materialize as expected. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Lyft’s filings with the Securities and Exchange Commission (“SEC”), including in our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q filed with the SEC. The forward-looking statements in this release are based on information available to Lyft as of the date hereof, and Lyft disclaims any obligation to update any forward-looking statements, except as required by law.
Non-GAAP Financial Measures
To supplement Lyft's financial information presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, Lyft considers certain financial measures that are not prepared in accordance with GAAP, including Adjusted EBITDA and Adjusted EBITDA margin (calculated as a percentage of Gross Bookings). Lyft defines Adjusted EBITDA as net income (loss) adjusted for interest expense, other income (expense), net, provision for (benefit from) income taxes, depreciation and amortization, stock-based compensation expense, payroll tax expense related to stock-based compensation, as well as, if applicable, sublease income, gain from lease termination, restructuring charges, costs related to acquisitions, divestitures and other corporate matters, and certain legal, tax, and regulatory reserve changes and settlements. Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) is calculated by dividing Adjusted EBITDA for a period by Gross Bookings for the same period and is considered a key metric.
We have not provided the forward-looking GAAP equivalent to our non-GAAP outlook or a GAAP reconciliation as a result of the uncertainty regarding, and the potential variability of reconciling items which include, but are not limited to, stock-based compensation, income tax, legal, tax, and regulatory reserve changes and settlements, and costs related to acquisitions. Accordingly, a reconciliation of these non-GAAP guidance metrics to their corresponding GAAP equivalent is not available without unreasonable effort. However, it is important to note that the reconciling items could have a significant effect on future GAAP results.
Lyft, Inc. (Nasdaq: LYFT) today announced that Michael Brous has been appointed Chief Financial Officer, effective September 28, 2026. Brous takes over from Eri
The sale represented 2% of the executive's direct equity holdings prior to the transaction. All shares were held directly by the insider, with a portion of the remaining stake managed through a living trust.
NASHVILLE, Tenn.--(BUSINESS WIRE)--Riders can now be matched with Waymo autonomous vehicles on Lyft in Nashville. Waymo vehicles are available across both the Waymo and Lyft apps.
SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that David Risher, Chief Executive Officer, will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference 2026 in San Francisco, CA, on Thursday, September 10, 2026 at 1:45 p.m. PT.A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.lyft.com.About LyftWhether it's an everyday commute or a journey that changes everything, Lyft.
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Stephen W. Hope, Chief Accounting Officer of Lyft, Inc. (LYFT -0.92%), sold 5,982 shares of Class A Common Stock on August 27, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueShares sold (Directly held)5,982Transaction value~$104,000Post-transaction shares (directly held)299,974Post-transaction value$5.2 millionTransaction value based on SEC Form 4 weighted average sale price ($17.34); post-transaction value based on August 27, 2026 market close ($17.35).
Key questionsWhat was the nature of this executive disposition?
The sale was conducted under a Rule 10b5-1 trading plan that Stephen Hope established on September 4, 2025, which allows insiders to set up a pre-arranged schedule for selling stocks to avoid potential conflicts of interest, given their access to material non-public information.How does this impact the insider's total equity position?
The disposal of 5,982 shares represents a minor adjustment to the position, and the insider maintains a significant direct equity stake in the company.What is the current market valuation of the remaining stake?
Based on the August 28, 2026 market close price of $17.70, the remaining direct holdings are valued at approximately $5.3 million.Are there additional equity incentives involved?
The filing indicates that the reported holdings include restricted stock units, which represent contingent rights to receive Class A Common Stock upon vesting.Company OverviewMetricValueShare Price (as of market close 2026-08-28)$17.70Market Capitalization$6.7 billionRevenue (TTM)$6.8 billionNet Income (TTM)$2.9 billionCompany SnapshotLyft operates a comprehensive on-demand transportation platform offering ridesharing services, vehicle rentals through Express Drive, and consumer rental solutions across the United States and Canada, generating revenue primarily through commissions on ride transactions and rental services.The company operates a two-sided marketplace model that connects drivers with passengers, capturing value through platform fees while providing flexible earning opportunities for drivers and convenient mobility access for consumers.Lyft serves individual consumers seeking on-demand transportation and drivers seeking flexible earning opportunities, with a primary focus on urban and suburban markets across North America.Lyft is a leading mobility platform operator with a market cap of $6.7 billion and trailing 12-month revenues of $6.8 billion, demonstrating substantial scale within the on-demand transportation sector.
The company leverages its multimodal network and technology infrastructure to differentiate itself in a competitive market, offering integrated solutions that address both consumer and driver needs across multiple transportation categories. With demonstrated profitability, Lyft has established a sustainable business model centered on platform efficiency and network effects.
What this transaction means for investorsChief Accounting Officer Stephen Hope's Aug. 27 sale of Lyft stock occurred at a time when shares moved higher after the company reported second-quarter earnings results that beat Wall Street revenue estimates.
While Hope's timing was fortuitous, the sale was a non-discretionary transaction, executed as part of a pre-established Rule 10b5-1 plan. This means the disposition was scheduled in advance rather than being a market-timed investment decision.
Hope retained nearly 300,000 shares post-transaction. The sizable equity stake ensures continued alignment with shareholder interests.
Lyft reported excellent 23% year-over-year growth in Q2 gross bookings to $5.5 billion as the company exceeded a record 30 million global riders. This contributed to Lyft's sales rising 16% year over year to $1.8 billion.
For the third quarter, the company estimates gross bookings to come in at $5.5 billion again or higher. Lyft is also partnering with Alphabet-owned Waymo to deliver autonomous ride hailing services, which started in Nashville this past June.
Robert Izquierdo has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet and Lyft. The Motley Fool has a disclosure policy.
Erin Brewer, Chief Financial Officer of Lyft, Inc. (LYFT +2.02%), reported the disposition of 509,383 shares of Class A Common Stock on Aug. 20, 2026. SEC Form 4 filing.
Transaction summaryMetricValueShares sold509,383Shares sold (directly held)348,059Shares sold (indirectly held)161,324Transaction value$8.9 millionPost-transaction shares (directly held)857,141Post-transaction shares (indirectly held)867,303Post-transaction value$30.01 millionTransaction value based on SEC Form 4 weighted average sale price ($17.43); post-transaction value based on Aug. 20, 2026 market close ($17.40).
Key questionsWhat were the primary drivers behind this equity disposition?
A significant portion of the activity was non-discretionary, with 186,735 shares withheld to satisfy tax remittance obligations triggered by the net settlement of restricted stock units. The remaining volume involved gifts of 161,324 shares from both direct and indirect holdings.What is the nature of the executive's remaining indirect ownership?
The executive continues to hold 867,303 shares indirectly through the Erin M. Brewer 2022 Trust, for which they serve as trustee, representing approximately half of their total beneficial ownership.How does the current market valuation compare to the executive's remaining position?
The remaining 1,724,444 shares held across all accounts are valued at $30.01 million based on the Aug. 20, 2026, market close, while the stock was priced at $17.47 as of the Aug. 21, 2026, market close.What additional equity incentives does the insider hold?
Beyond the common stock holdings, the reporting person also holds derivative securities in the form of restricted stock units, which represent a contingent right to receive additional shares subject to future vesting conditions.Company OverviewMetricValueShare Price (as of market close 2026-08-21)$17.47Market Capitalization$6.6 billionRevenue (TTM)$6.8 billionNet Income (TTM)$2.9 billionCompany SnapshotLyft operates a comprehensive on-demand transportation platform that generates revenue primarily through its ridesharing marketplace, which connects drivers with passengers across the United States and Canada, supplemented by ancillary services including Express Drive vehicle rentals for drivers and Lyft Rentals for consumers.The company employs a multimodal network business model that monetizes through commission-based fees on ridesharing transactions and vehicle rental services, as well as dynamic pricing mechanisms that optimize supply and demand across its platform.Lyft's primary customers are urban and suburban consumers seeking convenient mobility solutions and independent drivers seeking flexible income opportunities, with a target market spanning major metropolitan areas across North America.Lyft, Inc. is a leading mobility platform provider with a market capitalization of $6.6 billion and TTM revenue of $6.8 billion, demonstrating significant scale in the on-demand transportation sector. The company's competitive positioning is anchored by its extensive driver network, proprietary matching algorithms, and integrated multimodal transportation offerings that provide consumers with personalized mobility solutions. With a presence across the United States and Canada and a workforce of 3,913 employees, Lyft maintains a strategic focus on platform optimization and service diversification to sustain market share in the increasingly competitive ridesharing landscape.
What this transaction means for investorsWhen it comes to CFO Erin Brewer's sale of Lyft shares, it is probably not a move that should concern investors.
Indeed, seeing an insider sell 23% of their shares without any context might alarm some investors. Fortunately, the Form 4 explicitly states she sold to satisfy tax withholding and remittance obligations. Some of the shares involved also involved gifts, which looks to be a portfolio management move.
Rather than worrying about insider sales of the consumer discretionary stock, investors should focus on the company's fundamentals, which appear healthy.
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In the second quarter of 2026, revenue increased 16% year over year, with gross bookings up 23%. That led to a 25% annual increase in net income over the same period.
Admittedly, a one-time income tax benefit late last year skewed its P/E ratio, which is why it trades at 2.4 times earnings. Still, the forward P/E of 11, which does not include the benefit, indicates a reasonably priced stock.
Hence, while such conditions will not necessarily stop insider transactions, investors should probably emphasize Lyft's performance over an insider's actions.
Erin Brewer, Chief Financial Officer of Lyft, Inc. (LYFT +2.02%), sold 15,000 shares of Class A Common Stock on August 24, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$264,000Shares sold (indirectly held)15,000Post-transaction shares (total)1,709,444Post-transaction shares (directly held)857,141Post-transaction shares (indirectly held)852,303Post-transaction value$30.2 millionTransaction value based on SEC Form 4 weighted average sale price ($17.63); post-transaction value based on August 24, 2026 market close ($17.68).
Key questionsWhat was the nature of this executive disposition?
The sale was conducted pursuant to a Rule 10b5-1 trading plan that Brewer adopted on March 13, 2026. This plan allowed for the automated execution of trades at predetermined intervals to manage the insider's equity holdings.How is the insider's remaining ownership structured?
Following this transaction, Brewer maintains a balanced portfolio consisting of 857,141 shares held directly and 852,303 shares held indirectly through the Erin M. Brewer 2022 Trust. Some of the insider's directly held shares are derivative securities in the form of restricted stock units (RSUs), which represent a contingent right to receive additional Class A Common Stock upon vesting.What is the recent performance context for the stock at the time of sale?
The sale occurred with the stock having achieved a 4% one-year return as of the August 24, 2026 transaction date. As of the August 25, 2026 market close, the share price was $17.65, which is consistent with the weighted-average execution price of $17.63 reported in this filing.Company OverviewMetricValueShare Price (as of market close 2026-08-25)$17.65Market Capitalization$6.7 billionRevenue (TTM)$6.8 billionNet Income (TTM)$2.9 billionCompany SnapshotLyft operates a comprehensive on-demand transportation platform that connects drivers with passengers through its ridesharing marketplace, while generating revenue from ride commissions, driver incentives, and ancillary services including Express Drive vehicle rentals and consumer rental offerings.The company employs a network-based business model that monetizes the connection between supply (drivers) and demand (passengers) across the United States, Canada, and Europe, capturing value through transaction fees and service premiums on its multimodal mobility platform.Lyft's primary customers consist of urban and suburban consumers seeking convenient point-to-point transportation, as well as drivers seeking flexible income opportunities, with the platform serving as an essential mobility solution across major metropolitan markets in North America and Europe.Lyft, Inc. operates as a leading on-demand transportation platform with a market cap of $6.7 billion and trailing 12-month revenues of $6.8 billion, demonstrating substantial scale within the mobility sector.
The company's competitive positioning is anchored in its diversified service offerings, which extend beyond core ridesharing to include vehicle rental programs and flexible driver compensation structures. Lyft maintains a strategic focus on leveraging its multimodal network to capture market share in the highly competitive transportation-as-a-service industry.
What this transaction means for investorsLyft CFO Erin Brewer's Aug. 24 sale of company stock for $17.63 per share came at a time when the stock had clawed back from a 52-week low of $12.46 reached in March. Shares rose after the ride-hailing giant reported earnings for the second quarter, thanks to strong revenue and ridership growth.
Even so, Brewer's sale represents a non-discretionary transaction, executed under a Rule 10b5-1 trading plan. Such plans allow insiders to sell shares at pre-determined times to avoid concerns of trading on non-public information.
Brewer also retained a significant equity stake in Lyft, post-disposition. She had 1.7 million shares, with about half held indirectly in a trust, and the rest directly. This indicates her interests remain aligned with shareholders.
Lyft's stock price increase was prompted by strong 23% year-over-year growth in gross bookings as the company exceeded 30 million global riders, its highest total yet. This contributed to Lyft's sales rising 16% year over year to $1.8 billion.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lyft. The Motley Fool has a disclosure policy.
NEW YORK--(BUSINESS WIRE)---- $LYFT #NASDAQ--Scott+Scott Attorneys at Law LLP has launched an urgent investigation into whether certain officers and directors of Lyft, Inc. (NASDAQ: LYFT) failed to manage Lyft in an acceptable manner, breaching their fiduciary duties to Lyft, and whether Lyft and its shareholders have suffered damages as a result. Attorney Joseph A. Pettigrew is heading the investigation—what shareholders need to know: On July 23, 2026, short seller Bleecker Street Research issued a report on Ly.
After a stint on the high-yield desk at Goldman Sachs, David Tepper launched the hedge fund Appaloosa Management in the early 1990s. Over the last couple of decades, Tepper has generated an average annual return in the mid to high 20% range -- highlighted by an outsize performance in 2009 after he bought distressed bank securities near their lows during the financial crisis.
Combined with his ownership of the Carolina Panthers football team, Tepper's fortune has made him an investment personality whose moves are dissected for clues about the market's direction. During the second quarter, Appaloosa's 13F filing with the Securities and Exchange Commission showed that the firm fully exited its position in Lyft (LYFT +0.40%) while simultaneously adding more than 1.3 million shares of its ride-hailing rival, Uber Technologies (UBER +0.32%). Uber is now one of Appaloosa's five largest positions, representing about 7% of the portfolio.
Investors watching Tepper closely see this transaction as more than a simple rotation. Rather, it reflects a calculated judgment about relative competitive strength and long-term value creation in an intense ridesharing and delivery landscape.
David Tepper. Image source: Getty Images.
Breaking down Tepper's Lyft trade According to filings, Appaloosa initiated its stake in Lyft during the first quarter of 2024, buying 467,618 shares. Throughout the rest of the year, its position grew to 13.5 million shares. While Tepper held the stock for roughly two years, his fund steadily pruned the position throughout 2025 and fully exited during the second quarter of this year.
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I think the decision to exit was influenced less by any problems at the company and more by a broader desire for sharper focus in the industries in which Lyft operates. The company continues to post respectable growth in rides and gross bookings, but it remains a much narrower service provider whose scale lags that of Uber.
Analyzing Uber's business results Uber and Lyft compete in overlapping markets, yet Uber's more-diversified platform and stronger financial momentum make it a more compelling long-term holding. During the second quarter, it reported gross bookings of $58 billion, up 24% year over year. The number of trips grew 18% to 3.9 billion, driven by robust growth in monthly active platform consumers (MAPCs).
These performance metrics translated to 33% growth in earnings before interest, taxes, depreciation, and amortization. Free cash flow for the quarter totaled $2.8 billion, lifting Uber's trailing-12-month free cash flow above $10 billion for the first time. This performance proves Uber commands impressive operating leverage across its mobility and delivery segments, both of which are supported by the company's expanding higher-margin advertising services.
Should you buy Uber stock right now? The consensus price target for Uber among Wall Street analysts is $101, implying roughly 30% upside to current trading levels. This disconnect between the share price and Wall Street's forecast can largely be explained by persistent anxiety over the disruption promised by autonomous vehicle (AV) fleets.
Expanding services from Alphabet's Waymo and Tesla's Robotaxi have come with a perception of increased competitive pressures. This has resulted in significant multiple compression relative to Uber's historical valuation profile. Nevertheless, management is quietly scaling up its own AV partnerships and targeting several cities for launches over the coming quarters.
UBER PE Ratio data by YCharts; PE = price to earnings.
Uber's network effects, global footprint, and proven ability to convert rider and order volumes into expanding margins provide a durable foundation that robotaxi fears shouldn't erode overnight (if at all). The combination of accelerating free cash flow, an attractive valuation, and its model for adapting to embrace autonomous vehicles creates an asymmetric opportunity most investors appear to be overlooking.
The narrative around driverless cars has floated in the realm of speculative research for years, but the timeline has just accelerated. Internal directives preparing for an August commercial rollout of a purpose-built, steering-wheel-free vehicle in Austin signal that autonomous mobility is finally arriving on public roads.
When autonomous vehicles transition from closed-course testing to generating revenue, the entire baseline for what a physical ride costs begins to crack. This shift from human-driven variable costs to capital-intensive autonomous fleets threatens to rewrite the fundamental economics of the broader mobility sector. Understanding the mechanics of this disruption could help investors evaluate legacy platforms and adjust portfolio exposure accordingly.
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The conversation around driverless networks recently transitioned from conceptual timelines to live municipal deployments. Tesla, Inc. NASDAQ: TSLA is actively preparing its operational staff for the commercial launch of its Cybercab platform in Austin, Texas. Coupled with expanding regulatory approvals in Nevada and federal safety data reflecting zero at-fault collisions in recent monitoring periods, the runway for mass commercialization appears to be clearing rapidly.
This development represents a direct, structural challenge to the legacy take-rate economics that current ride-hailing networks rely on to generate free cash flow. A successful municipal launch proves that vertically integrated hardware and software can operate safely in complex urban environments, bypassing the need for human operators. When a manufacturer can deploy vehicles directly to the consumer, the traditional aggregator model faces a potentially sudden and severe pricing headwind.
Margin Mileage: Driver Take-Rates vs. AV FleetsTo understand the severity of this shift, investors can examine the mobility sector's underlying margin mechanics. Incumbent ride-hailing networks operate on an asset-light, variable cost structure. In this model, roughly 50% to 70% of gross booking revenues flow directly out of the ecosystem to compensate human drivers. This structural ceiling caps platform gross margin expansion and keeps the average consumer cost per mile hovering around the $2 to $3 range.
A vertically integrated, driverless mobility platform eliminates that revenue-sharing bottleneck. By owning the manufacturing layer, in-house computer vision networks, and charging infrastructure, an autonomous fleet operator shifts the business from a variable-labor model to a fixed-capital model. Once the upfront manufacturing and software development costs are absorbed, the marginal cost of operating a robotaxi drops sharply.
Over time, this dynamic pushes the total operational cost per mile toward sub-$1 levels. Legacy apps typically maintain a take rate of around 25% to 30% of the total fare. If a vertically integrated original equipment manufacturer can profitably offer rides at a fraction of the current market rate, legacy aggregators face severe, permanent margin compression just to maintain consumer volume. Capturing 25% of a much smaller fare drastically reduces the top-line revenue available to cover corporate overhead.
2 Lanes: Diversified Networks and Pure-Play RisksUber Technologies Today
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Not all legacy platforms are equally exposed to this pricing pressure. Uber Technologies, Inc. NYSE: UBER has spent the last few years building a robust, multi-modal aggregation network.
With segments spanning mobility, food delivery, and freight logistics, Uber generates over $55 billion in trailing 12-month revenue alongside healthy net margins closing in on 17%. Recent quarters highlight strong operational efficiency, with Uber Technologies posting earnings per share of approximately 81 cents, beating consensus estimates.
Management at Uber is actively positioning the platform as a third-party aggregation partner. The company brings a highly engaged global demand engine to the table, offering immediate consumer liquidity to third-party autonomous fleet operators who want to deploy vehicles without having to build an expensive user base from scratch. This hybrid approach helps insulate Uber Technologies' balance sheet from the direct impact of the autonomous pricing wars.
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Conversely, Lyft, Inc. NASDAQ: LYFT faces a much steeper climb. As a domestic pure-play passenger network lacking the delivery diversification or international scale of Uber Technologies, Lyft's core cash flow is entirely exposed to North American ride pricing.
Lyft operates on razor-thin profitability, with a trailing 12-month pretax margin that hovers slightly below breakeven. With a forward price-to-earnings ratio sitting around 24x, Lyft has fewer levers to pull if autonomous fleets trigger a localized price war in key metropolitan markets.
To defend shareholder value against these looming headwinds, Lyft's board recently authorized a $1 billion share repurchase plan. While buybacks can stabilize Lyft's balance sheet and offset equity dilution, they are a financial engineering tool rather than an operational pivot. A buyback does not resolve the structural vulnerability of operating an asset-light passenger network against asset-heavy autonomous disruptors.
Speed Bumps: Separating the Trend From the TickerRecognizing the long-term economic superiority of robotaxis is entirely different from assuming the leading hardware manufacturer is currently trading at an attractive valuation.
Tesla Stock Forecast Today12-Month Stock Price Forecast:
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Current Price$339.53High Forecast$600.00Average Forecast$401.74Low Forecast$25.28Tesla Stock Forecast Details
The market has heavily front-run the success of autonomous scaling. Tesla trades at a forward price-to-earnings multiple approaching 386x and a price-to-sales ratio near 13x, while carrying a compressed automotive net margin of roughly 3.6%. Tesla also recently missed Q2 earnings estimates, reporting a 33-cent-per-share loss against consensus expectations of a 50-cent-per-share profit.
That elevated valuation leaves very little buffer for the gritty operational realities of physical fleet management. Scaling a commercial robotaxi network involves more than just perfecting self-driving software. Tesla will need to manage localized regulatory bottlenecks, navigate edge-case municipal interventions, and absorb heavy fleet depreciation and maintenance costs.
The physical world is messy, requiring vehicles to be cleaned, tires to be replaced, and localized charging hubs to be built. The transition to autonomous mobility is a secular tailwind, but investors might want to separate the technology's viability from the execution risks that may not yet be priced into what is essentially an automotive manufacturing stock.
Mapping the Route: Hedging the Driverless TransitionThe commercialization of autonomous fleets will redefine transportation economics over the coming years, rewarding business models that can adapt to a capital-intensive environment while exerting heavy pressure on pure-play human networks. The upcoming rollout in Texas serves as a critical real-world testing ground for utilization rates, consumer adoption, and cost-efficiency.
Investors monitoring the mobility sector might consider evaluating their exposure to asset-light passenger aggregators versus diversified transportation networks. Keep a close watch on state-level permitting expansions and strategic partnership announcements between autonomous vehicle manufacturers and global demand platforms. These alliances may ultimately dictate which enterprises control the margins in a driverless economy, providing a clear roadmap for identifying long-term value.
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The former Uber CEO said the two companies were culturally just too different.
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Uber and Lyft were just not meant to be, says Travis Kalanick.
In an Andreessen Horowitz interview released on Friday, the former Uber CEO said he has no regrets about how he handled a potential acquisition of Lyft.
"I wouldn't do anything different. And it's easy to say now, but I got a lot of shit for that for a long time," he said. "I would sit across the table from the guys, and it was just clear that we were very culturally different."
Uber held acquisition talks to buy its rival Lyft in 2014. The negotiations fell apart because Kalanick refused to pay more than $2 billion, while Lyft was seeking a higher valuation. In Friday's interview, Kalanick said that cultural mismatch was a problem too, and it started with Lyft's pink mustache effort.
In 2012, Lyft introduced a giant plush pink mustache on its car grilles to make its vehicles instantly recognizable and reinforce a playful brand that contrasted with taxis and Uber. The quirky "carstache" fit Lyft's image of ride-hailing as a social experience, but it became less suitable as the company sought business customers. Lyft began moving away from the oversize mustache around 2014, replacing it with subtler, more practical ways to identify the correct car.
The former Uber CEO, who recently launched robotics company Atoms, said that he had wanted the Lyft acquisition to go through.
"When you meet with somebody, and you're going to acquire them, there's so much goodness that could come from it," he said. He added that he wanted it to work because Uber was spending an "insane amount of money" trying to compete with Lyft for market share and price.
Kalanick resigned as Uber CEO in June 2017 following months of turmoil at the company, after which major investors demanded his removal.
Dara Khosrowshahi was appointed CEO later that year, with a mandate to remake Uber's culture and prepare the company for an eventual public listing.
Still, on Friday, Kalanick said: "I'd stand by every decision I made at Uber."
In March, Kalanick rebranded an earlier venture as Atoms, an industrial AI company automating food, mining, and transportation with robotics. Atoms announced a $1.7 billion equity funding round in July 2026, led by A16z, with participation from Bain Capital and Fifth Wall. A16z's Ben Horowitz joined Atoms' board as part of the deal.
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Director Janey Whiteside sold 14,220 shares of Lyft, Inc. (LYFT -5.47%) on August 7, 2026, at $17.00 per share. SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$241,740Shares sold (directly held)14,220Post-transaction shares (directly held)66,184Post-transaction value$1.16 millionTransaction value based on SEC Form 4 weighted average sale price ($17.00); post-transaction value based on August 7, 2026 market close ($17.46).
Company snapshotTicker: LYFTMarket capitalization: $6.6 billionHeadquarters: San FranciscoLyft facilitates a comprehensive, on-demand transportation platform spanning the United States and Canada. Its core mission involves offering users personalized and immediate access to diverse mobility solutions through its multimodal network.
Key questionsUnder what conditions was this sale executed?
The transaction was completed pursuant to a Rule 10b5-1 trading plan established on December 11, 2025. These plans allow corporate insiders to schedule share disposals in advance to avoid potential conflicts regarding material non-public information.What is the insider's remaining equity position?
Following the sale, Whiteside maintains a direct ownership stake of 66,184 shares of Class A Common Stock. Additionally, the director holds derivative securities in the form of restricted stock units that are subject to future vesting conditions.How has the company performed leading up to this transaction?
As of the August 7, 2026 transaction date, the stock had generated a one-year return of 23%. Lyft reported trailing twelve-month revenue of $6.8 billion and net income of $2.9 billion as of the most recent reporting cycle.How does this sale compare to the current market valuation?
The sale was executed at $17.00 per share, while the stock was priced at $17.26 as of the August 10, 2026 market close. The insider's remaining direct stake is valued at $1.16 million based on the August 7, 2026 close of $17.46.Company OverviewMetricValueShare Price (as of market close 2026-08-10)$17.26Market Capitalization$6.6 billionRevenue (TTM)$6.8 billionNet Income (TTM)$2.9 billionCompany SnapshotLyft operates a comprehensive on-demand transportation platform offering ridesharing services, vehicle rentals through Express Drive and Lyft Rentals, and multimodal mobility solutions across the United States and Canada.The company generates revenue primarily through its ridesharing marketplace, which connects drivers with passengers, while also monetizing vehicle rental services and ancillary mobility offerings.Lyft serves consumers seeking convenient transportation alternatives and drivers seeking flexible earning opportunities, targeting urban and suburban markets across North America.Lyft, Inc. is a leading mobility platform with a market capitalization of $6.6 billion and TTM revenue of $6.8 billion, demonstrating substantial scale in the on-demand transportation sector. The company has achieved profitability with TTM net income of $2.9 billion, reflecting operational maturity and efficient capital deployment. Lyft's competitive positioning is anchored in its diversified service offerings, extensive geographic coverage, and integrated driver-passenger network across North America.
What this transaction means for investorsWhitesides’ sale of Lyft shares was more than likely a liquidity event. She sold around 18% of her holdings using the Rule10b5-1 framework, a pre-planned sale adopted last December. This makes it unlikely that inside information, or even the stock price, played a role in this sale.
Indeed, with the massive sell-off in the 2022 bear market and only gradual growth since, Lyft stock has probably tried the patience of many investors.
Still, investors should remember that Whitesides retained 82% of her shares, an indication she still has a bullish outlook on the stock.
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Moreover, Lyft’s mobility platform has adapted with the times. It has partnered with other companies to enter the autonomous vehicle market and plans to act as a ride arrangement platform. That approach makes it less likely that technological change will leave it behind.
Additionally, while the P/E ratio of 2 was skewed by a $2.9 billion income tax benefit, the forward P/E ratio of 11 shows that this remains a cheap stock. That could validate the inclination of Whitesides and other shareholders to stay in Lyft stock.
Assenagon Asset Management S.A. raised its stake in Lyft, Inc. (NASDAQ:LYFT – Free Report) by 27.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 240,455 shares of the ride-sharing company’s stock after purchasing an additional 52,229 shares during the period. Assenagon Asset Management S.A. owned 0.06% of Lyft worth $3,513,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Lyft in the fourth quarter valued at about $26,000. Boreal Capital Management LLC acquired a new position in shares of Lyft in the first quarter valued at about $31,000. Bessemer Group Inc. increased its position in Lyft by 1,851.9% during the first quarter. Bessemer Group Inc. now owns 2,635 shares of the ride-sharing company’s stock worth $35,000 after acquiring an additional 2,500 shares during the period. International Assets Investment Management LLC acquired a new stake in Lyft in the 4th quarter worth about $40,000. Finally, Huntington National Bank boosted its holdings in Lyft by 171.8% in the 4th quarter. Huntington National Bank now owns 2,174 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 1,374 shares during the period. 83.07% of the stock is owned by institutional investors.
Lyft Trading Down 5.5% Shares of LYFT opened at $16.58 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.59. Lyft, Inc. has a 52-week low of $12.46 and a 52-week high of $25.54. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 2.41, a PEG ratio of 1.04 and a beta of 1.80. The business’s fifty day moving average is $15.11 and its 200-day moving average is $14.50.
Lyft (NASDAQ:LYFT – Get Free Report) last issued its earnings results on Thursday, August 6th. The ride-sharing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Lyft had a negative return on equity of 1.20% and a net margin of 42.32%.The firm’s revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Equities analysts anticipate that Lyft, Inc. will post 0.69 EPS for the current fiscal year.
Analyst Upgrades and Downgrades LYFT has been the topic of several recent research reports. Roth Capital reaffirmed a “buy” rating and set a $25.00 target price (up from $23.00) on shares of Lyft in a report on Monday. Morgan Stanley boosted their price target on Lyft from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. UBS Group boosted their price target on Lyft from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Tigress Financial reissued a “buy” rating and set a $28.00 price target on shares of Lyft in a research report on Wednesday, June 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lyft in a research note on Monday, August 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.80.
Check Out Our Latest Research Report on LYFT
Trending Headlines about Lyft Here are the key news stories impacting Lyft this week:
Positive Sentiment: Strong second-quarter demand supports the growth story. Lyft reported record gross bookings of $5.50 billion, up 23% year over year, while revenue increased 16% to $1.84 billion and exceeded expectations. However, adjusted earnings of $0.13 per share narrowly missed the $0.14 consensus estimate. Lyft Q2 Earnings and Efficiency Analysis Positive Sentiment: Analysts remain constructive, but upside expectations are moderate. Canaccord Genuity raised its Lyft price target to $16 while maintaining a Hold rating. The broader analyst consensus remains Hold, with a target price near $19.80. Canaccord Raises Lyft Price Target Positive Sentiment: Robotaxi partnerships and Price Lock provide longer-term catalysts. Lyft is expanding autonomous-vehicle partnerships and mobility offerings, potentially broadening its network without developing all autonomous-driving technology internally. Lyft AV Partnerships and Price Lock Neutral Sentiment: Insider selling is a limited negative signal. Director Janey Whiteside sold 14,220 shares worth approximately $241,740, but the transaction was made under a pre-arranged Rule 10b5-1 plan. SEC Form 4 Filing Negative Sentiment: Multiple North Carolina lawsuits increase litigation and reputational risk. Plaintiffs, including a Raleigh woman and an alleged assault victim’s family, accuse Lyft and its drivers of negligence in assault and fatal-crash cases. Attorney Ben Crump is also pursuing additional claims. Potential settlements, legal costs and scrutiny of driver screening could pressure future results. North Carolina Lawsuits Against Lyft Negative Sentiment: California drivers cleared a major unionization milestone. Union representation could raise Lyft’s labor, benefit and compliance costs because drivers are generally treated as independent contractors. California Uber and Lyft Driver Unionization Negative Sentiment: Privacy concerns add another headline risk. Reports that Flock Safety considered using Uber and Lyft vehicles as mobile surveillance platforms could trigger public and regulatory criticism, although the proposal was not identified as a confirmed Lyft program. Flock Safety Surveillance Proposal Insider Activity In other news, Director Jill Beggs sold 2,093 shares of Lyft stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $13.76, for a total transaction of $28,799.68. Following the transaction, the director owned 30,092 shares in the company, valued at approximately $414,065.92. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Janey Whiteside sold 14,220 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $17.00, for a total transaction of $241,740.00. Following the completion of the sale, the director directly owned 66,184 shares in the company, valued at approximately $1,125,128. This represents a 17.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 95,969 shares of company stock worth $1,463,690. Company insiders own 0.92% of the company’s stock.
About Lyft (Free Report)
Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.
Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.
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Hundreds of thousands of Uber and Lyft drivers across California are on the verge of joining what organizers say will become the largest rideshare drivers union in the world.
The California Public Employment Relations Board notified the California Gig Workers Union (CGWU) on Aug. 7 that it had secured support from at least 30% of active rideshare drivers — the threshold required under a 2025 law to move forward with union representation.
CGWU is expected to be certified as the exclusive bargaining representative for Uber and Lyft drivers statewide after a 30-day waiting period, according to the union’s announcement. California has more than 800,000 registered drivers, with labor estimates putting the active workforce at roughly 350,000.
SEIU 721 President David Green announces drivers are now able to form the California Gig Workers Union. (Mike Blake) REUTERS The union effort stems from AB 1340, which created a collective-bargaining system for app-based rideshare drivers, who are generally classified as independent contractors and lack traditional bargaining rights.
The law followed more than a decade of organizing by drivers and the Service Employees International Union, which backed CGWU. After the law took effect, drivers began collecting union authorization cards in more than a dozen languages, through social media, texts, emails and in-person outreach.
“It’s taken more than a decade to reach this moment, and every step of the way, gig drivers have built unstoppable momentum through their courage,” David Green, president and executive director of SEIU 721, said in the announcement.
The union effort stems from AB 1340, which created a collective-bargaining system for app-based drivers. (Mike Blake) REUTERS The drivers now want to take their demands directly to the rideshare giants, with pay, benefits, deactivation from the apps and working conditions expected to be among the major bargaining issues.
“We’re so happy and proud to have finally won our union, and that we will get Uber and Lyft to the table so we can bargain with the gig companies for what we need: strong pay, adequate benefits, and dignified working conditions,” Vikaas Shanker, a Fresno driver, told CalMatters.
The CGWU has said drivers will not be charged dues until a collective-bargaining agreement is ratified. (Mike Blake) REUTERS Some San Diego rideshare workers have raised concerns about potential union dues and whether the new organization will deliver enough benefits to justify the cost, according to KPBS.
The California Gig Workers Union has said drivers will not be charged dues until a collective-bargaining agreement is ratified.
Margarita Penalosa, a Los Angeles Uber and Lyft driver who helped organize the effort, said drivers had spent years trying to gain a stronger voice over their work.
“We overcame fear, hundreds of millions of dollars spent by the gig companies to undermine our rights at the ballot and proved it’s not the gig apps that connects us, it’s our shared demand for fair pay and treatment as gig workers,” Penalosa said in the union’s announcement.
The certification process is expected to take another 30 days, after which CGWU would become the statewide bargaining representative if no competing organization qualifies to challenge it.
“As this new process moves forward, we’re committed to engaging in good faith. Lyft does well when drivers do well, and we’ll stay focused on helping drivers succeed while keeping rideshare affordable and dependable for everyone who counts on it,” a spokesperson for Lyft told the California Post.
Uber did not immediately respond to The California Post’s requests for comment.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Key Takeaways Lyft says partnerships linked about 30% of North American rideshare rides in Q2 2026, an all-time high.Robotaxi ties with Waymo and Baidu expand Lyft's AV exposure across the United States and United Kingdom.Lyft's partner-heavy model broadens supply but raises risks around pricing, data and rider relationships. Lyft, Inc. (LYFT - Free Report) is moving beyond its roots as a primarily North American rideshare platform. Autonomous vehicle partnerships, European acquisitions and partner-linked rides are making the company a broader mobility network with more transportation supply across more markets.
The strategy has appeal because Lyft can expand its addressable market without owning every vehicle, taxi fleet or autonomous vehicle (“AV”) system. The risk is control. As more rides come through partners, Lyft must prove it can keep enough influence over pricing, customer relationships and marketplace economics.
Lyft Makes Partnerships Central to Ride GrowthPartnerships are already a meaningful driver of Lyft’s ride activity. In the second quarter of 2026, approximately 30% of North American rideshare rides were linked to a partnership, an all-time high for the company. That model broadens supply without requiring Lyft to own every mobility service directly. The Curb expansion into New York City, the largest taxi market in the United States, reflects the same approach: Lyft is adding transportation options through established, licensed operators rather than building every fleet from scratch.
LYFT Builds Out Its Robotaxi EcosystemLyft is applying the partnership model to autonomous vehicles. In Nashville, the company said fleet operations with Alphabet’s (GOOGL - Free Report) Waymo officially began in June and are running smoothly as Lyft prepares to open an 80,000-square-foot purpose-built AV depot in October.
The Baidu (BIDU - Free Report) relationship gives Lyft another AV option outside the United States. Freenow by Lyft and Baidu’s Apollo Go have started autonomous vehicle testing in London with RT6 vehicles, extending Lyft’s robotaxi exposure into the U.K. market.
Multiple AV partners give Lyft optionality. Waymo strengthens the U.S. robotaxi path, while Baidu adds a European testing and deployment angle. That reduces dependence on a single AV technology provider, although it also makes execution more complex. We believe such moves are likely to boost LYFT's top-line growth.
Lyft Pushes Beyond North AmericaInternational expansion is another part of the mobility shift. Lyft acquired Freenow in 2025, giving it a European multimodal app with taxis at its core and access to local markets outside North America.
The acquisition of TBR Global Chauffeuring added premium ground transportation and chauffeur services, strengthening Lyft’s position in higher-value travel. Lyft also completed acquisitions in the second quarter of 2026, primarily Gett UK, adding further exposure to London’s taxi and ride-hail market.
These deals widen Lyft’s market, but they also add integration and regulatory complexity. Europe’s taxi, private-hire and chauffeur markets are fragmented, locally regulated and operationally different from the U.S. rideshare model.
LYFT’s Hybrid Model Faces Disintermediation RiskLyft’s hybrid strategy may keep the platform relevant as autonomous transportation expands. The company can match riders with human drivers, taxis, private-hire vehicles and AVs depending on availability, market rules and customer preference.
The risk is that robotaxi operators eventually control more of the economics. If AV companies own the vehicles, technology stack and fleet operations, they may push for more control over pricing, data and rider relationships. Lyft’s marketplace gives it distribution, but distribution alone may not guarantee bargaining power if AV supply becomes concentrated.
Lyft’s own disclosures point to that uncertainty. The company’s forward-looking statements cite risks tied to strategic partnerships, AV deployment, macro conditions and whether partnerships materialize as expected.
Lyft’s Technology Leadership Takes on More WeightTechnology execution matters more as Lyft integrates AV fleets, international acquisitions and partner supply. Lyft named Senthil Padmanabhan as chief technology officer, effective July 20, 2026, with responsibility for engineering foundations as AI reshapes technology development.
That appointment comes at a key moment. Lyft’s platform must coordinate more ride types, more geographies and more third-party systems while keeping pricing, routing, reliability and customer experience consistent. The more partnership-heavy the model becomes, the more important the technology layer is to maintaining control.
LYFT’s Scores Temper the Mobility TransformationLyft’s mobility strategy is evolving, but the investment signal remains measured. The company is adding AV exposure, broadening its international reach and using partnerships to expand available transportation supply.
The stock currently carries a Zacks Rank #3 (Hold), indicating that the strategy has not yet translated into a stronger near-term signal. Lyft’s VGM Score of A and Growth and Value Scores of B support the longer-term opportunity, while the Momentum Score of D reflects lingering uncertainty around execution and investor conviction. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways Lyft's Q2 rides hit a record 262.4M as gross bookings rose 22.6% year over year to $5.50B.Price Lock users took about four more rides monthly, supporting greater Lyft marketplace engagement.Lyft's AV partnerships limit capital needs, but insurance, higher expenses and robotaxi risks remain. Lyft, Inc. (LYFT - Free Report) ) is trying to expand rides, bookings and cash generation without taking on the full development burden of building autonomous vehicle technology in-house. Its strategy combines autonomous vehicle (“AV”) partnerships, pricing tools such as Price Lock and a larger global marketplace.
The investment case remains balanced. Marketplace scale is improving, but insurance obligations, macro volatility, rising expenses and the risk that robotaxi operators reshape pricing and customer relationships keep the near-term setup from looking one-sided.
Lyft’s AV Partnership Model Limits Capital NeedsLyft is integrating autonomous vehicles through partnerships rather than relying only on internally developed AV technology. In Nashville, Lyft’s Flexdrive is supporting Alphabet’s (GOOGL - Free Report) Waymo’s fleet operations, including vehicle maintenance, infrastructure and depot operations, while Waymo’s autonomous vehicles are expected to serve riders alongside Lyft’s broader driver community.
That model supports Lyft’s hybrid marketplace strategy. Management has framed AVs and human drivers as complementary supply sources, with the company focused on matching riders to the best available option instead of replacing the entire driver network at once. Lyft’s second-quarter update also said Nashville fleet operations officially began in June and that the company is preparing to open an 80,000-square-foot AV depot in October.
Lyft’s European AV push follows the same partnership logic. Lyft and Baidu (BIDU - Free Report) announced plans to deploy Baidu Apollo Go autonomous vehicles in Germany and the United Kingdom beginning in 2026, pending regulatory approval, with Lyft owning the marketplace and operational value chain while Baidu provides vehicles, technology validation and technical support.
LYFT’s Price Lock Drives More Frequent RidesPrice Lock gives commuters a way to cap the price of regular rides for a monthly fee. Lyft says the feature lets riders set a route, request a ride within a selected one-hour window and stay protected during peak-hour price surges.
That predictability can increase ride frequency. Participating riders took roughly four more rides per month than before subscribing, showing how a more dependable commute price may improve marketplace engagement.
The feature also helps Lyft address one of rideshare’s biggest frictions: surge pricing. For regular commuters, a capped price can make Lyft feel more like a planned transportation habit than an occasional purchase.
Lyft’s Marketplace Reaches New RecordsLyft’s marketplace reached new records in the second quarter. Gross bookings rose 22.6% year over year to $5.50 billion, while rides increased to a record 262.4 million and Active Riders climbed to a record 30.5 million.
Growth was broad-based. Lyft cited global strength across Freenow by Lyft in Europe, North American rideshare and Lyft Urban Solutions, indicating that the platform is scaling beyond its core U.S. rideshare business.
The 10-Q adds that Active Rider growth was driven primarily by international expansion, improved retention and overall marketplace health. Rides and gross bookings also benefited from international expansion and marketplace health.
LYFT Converts Scale Into Higher EBITDALyft converted that marketplace scale into higher profitability. Adjusted EBITDA rose 36.9% year over year to $177.2 million, while adjusted EBITDA margin expanded to 3.2% of gross bookings from 2.9% in the year-ago quarter.
Cash generation remained a key support. Free cash flow was $319.6 million in the second quarter, and trailing 12-month free cash flow reached $1.11 billion. Net cash provided by operating activities was $349.9 million for the quarter and $1.20 billion over the trailing 12 months.
That cash flow gives Lyft flexibility to invest in product, partnerships and international expansion while still managing balance-sheet commitments.
Lyft’s Growth Comes With Execution RisksLyft’s risk profile is still substantial. Insurance reserves stood at $2.31 billion as of June 30, 2026, up from $2.18 billion at year-end 2025, underscoring the ongoing cost of auto-related obligations.
Debt and expense growth also matter. Lyft had $990.6 million of long-term debt, net of current portion, and accrued current liabilities included $53.3 million of current long-term debt. Sales and marketing expenses rose to $320 million in the second quarter from $190.9 million a year earlier, while general and administrative expenses increased to $301.6 million from $232.3 million.
Macroeconomic and regulatory uncertainty add another layer. Lyft’s 10-Q highlights risks tied to inflation, macro conditions, insurance reserves, pricing methodologies, competition and third-party relationships.
Robotaxi strategy also cuts both ways. Partnerships reduce capital intensity, but AV operators could eventually exert more influence over pricing, rider relationships and supply availability. That raises the execution bar as Lyft expands its hybrid marketplace.
LYFT’s Scores Reflect a Balanced SetupThe bottom line: Lyft’s AV partnerships, Price Lock and record marketplace scale support the growth case, while higher adjusted EBITDA and free cash flow show better operating leverage.
The stock currently carries a Zacks Rank #3 (Hold), which signals patience despite improving operating metrics. Its VGM Score of A and Value and Growth Scores of B support the factor case, but the Momentum Score of D and unchanged four-week earnings estimate temper the near-term signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways Uber's Q2 gross bookings rose 24% to $58.02B, while trips increased 18% to 3.87B.Delivery revenue climbed 28% as segment operating income jumped 38% to $1.05B.Uber generated $2.79B in Q2 free cash flow while pursuing a partnership-focused robotaxi strategy. Uber Technologies (UBER - Free Report) continues to show the benefits of a diversified platform. Growth is coming from Mobility, Delivery and Freight, while autonomous vehicle partnerships add another potential route for long-term expansion.
The key investor question is whether stronger bookings, rising engagement and improving operating leverage can continue supporting growth. Debt, currency exposure, competitive pressure and robotaxi-related uncertainty still keep the stock’s near-term setup balanced.
Uber’s Platform Diversification Drives GrowthUber has expanded well beyond its original ride-sharing business. The company now operates across three main segments: Mobility, Delivery and Freight. In 2025, Mobility contributed 57% of revenues, while Delivery accounted for 34% and Freight represented 9%.
That diversification matters. Ride-sharing remains Uber’s core business, but food delivery, freight transportation and international expansion reduce dependence on one category of demand. Geographic diversification across North America, Latin America, Europe, the Middle East and Asia also gives Uber more ways to offset softness in any single market.
UBER’s Bookings and Trips AccelerateUber’s second-quarter results showed broad platform momentum. Gross bookings increased 24% year over year to $58.02 billion, or 22% on a constant-currency basis. Trips rose 18% to 3.87 billion.
Engagement also improved. Monthly active platform consumers increased 16% year over year to 208 million, while monthly trips per consumer rose 2%. The combination of more users and higher trip frequency supports Uber’s argument that its platform advantage is compounding.
Uber’s Delivery Business Builds ScaleDelivery remains a major growth engine. Delivery revenues climbed 28% year over year to $5.24 billion, while Delivery gross bookings advanced 26% to $27.46 billion.
The segment’s profitability grew faster than revenue. Delivery segment operating income rose 38% to $1.05 billion, showing improving operating leverage as order activity expands.
That profit growth is important because Delivery has become more than a pandemic-era demand story. Uber continues to expand restaurant, retail and payment partnerships, strengthening the platform’s role in on-demand commerce.
UBER Converts Mobility Demand Into ProfitsMobility bookings rose 22% year over year to $28.99 billion, or 20% on a constant-currency basis. Mobility revenue increased only 1% to $7.36 billion, partly reflecting business model changes that limited reported revenue growth.
Profitability told a stronger story. Mobility segment operating income increased 28% to $2.21 billion. That shows why transaction growth is central to Uber’s model: even when reported revenue growth looks modest, higher bookings and trip activity can still translate into stronger segment earnings.
Autonomous vehicles add another possible expansion path. Zacks notes that Uber is pursuing a partnership-focused AV strategy, including a strategic partnership with Amazon’s (AMZN - Free Report) Zoox to deploy purpose-built robotaxis on Uber’s platform.
UBER’s rival, Lyft (LYFT - Free Report) , is also integrating autonomous vehicles through partnerships rather than relying only on internally developed AV technology.
Uber’s Cash Flow Supports Capital ReturnsUber’s cash generation remains a major strength. The company produced $2.86 billion of operating cash flow in the second quarter and $2.79 billion of free cash flow.
That cash flow supports both investment and shareholder returns. Uber repurchased $518 million of common stock during the quarter, continuing its stock-buyback strategy.
The balance sheet still needs monitoring. Uber ended the second quarter with $4.87 billion in cash and cash equivalents, while long-term debt, net of the current portion, stood at $10.7 billion. Zacks also flags a debt load above industry levels and currency-related issues as headwinds.
UBER’s Scores Point to a Balanced SetupThe bottom line: Uber’s diversified model is producing strong bookings, higher trips, Delivery scale, Mobility profits and substantial free cash flow. Robotaxi partnerships could extend the company’s growth runway if Uber can remain a central marketplace for autonomous supply.
The stock currently carries a Zacks Rank #3 (Hold), which suggests a measured stance despite strong operating trends. Uber’s Momentum Score of A and Growth and VGM Score of B support the case, while the Value Score of C and the industry’s bottom-31% rank temper the near-term outlook. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of LYFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
