HyreCar (HYRE) Stock Price, News & Analysis

Company Overview

HyreCar, Inc. operates a peer-to-peer carsharing marketplace designed to connect vehicle owners with drivers who need short- or long-term access to cars for ridesharing and delivery services. Through its online platform, the company enables vehicle owners to earn rental income while offering gig economy drivers a flexible alternative to traditional car leasing or ownership. HyreCar’s marketplace supports drivers participating in services such as ridesharing, food and package delivery, and other on-demand transportation platforms.

Founded in 2014 and headquartered in Los Angeles, California, HyreCar has expanded its footprint across major metropolitan markets in the United States. The company provides comprehensive insurance coverage for each rental transaction, conducts background checks on drivers, and offers an integrated payment and scheduling system. These features aim to reduce risk for vehicle owners while simplifying the rental process for drivers who require reliable access to compliant vehicles without a long-term commitment.

HyreCar’s technology infrastructure automates key aspects of vehicle rental management, including payment collection, damage protection, and customer support. Under the leadership of co-founder and Chief Executive Officer Joe Furnari, the company continues to refine its platform to address the evolving needs of the gig economy. HyreCar’s service model seeks to capitalize on the growing reliance on flexible vehicle access for app-based transportation and delivery services nationwide.

Key Stats

• Today's Range: N/A
• 50-Day Range: N/A
• 52-Week Range: N/A
• Volume: 200 shs
• Average Volume: 1.01 million shs
• Market Capitalization: $560 thousand
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

HYRE Stock Analysis - Frequently Asked Questions

How were HyreCar's earnings last quarter?

HyreCar Inc. (NASDAQ:HYRE) announced its earnings results on Tuesday, November, 9th. The company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.05. The firm had revenue of $9.65 million for the quarter, compared to the consensus estimate of $9.70 million. HyreCar had a negative trailing twelve-month return on equity of 1,016.64% and a negative net margin of 46.03%.

When did HyreCar IPO?

HyreCar (HYRE) raised $12 million in an initial public offering on Wednesday, June 27th 2018. The company issued 2,500,000 shares at a price of $5.00 per share. Network 1 Financial Securities acted as the underwriter for the IPO.

How do I buy shares of HyreCar?

Shares of HYRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of HyreCar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that HyreCar investors own include Predictive Oncology (POAI), Ford Motor (F), Bank of America (BAC), Zomedica (ZOM), Abbott Laboratories (ABT), JPMorgan Chase & Co. (JPM) and Wells Fargo & Company (WFC).

Company Calendar

• Last Earnings: 11/09/2021
• Today: 9/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Automotive rental & leasing, without drivers
• Sub-Industry: Personal Services
• Current Symbol: NASDAQ:HYRE
• CIK: 1713832
• Web: www.hyrecar.com
• Phone: (888) 688-6769
• Fax: N/A
• Employees: 80
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): ($0.81)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$25.95 million
• Net Margins: -46.03%
• Pretax Margin: -46.02%
• Return on Equity: -1,016.64%
• Return on Assets: -128.82%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.92
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $39.89 million
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.26 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 30,290,000
• Free Float: 29,188,000
• Market Cap: $560 thousand
• Optionable: Not Optionable
• Beta: 2.24