HyreCar (HYRE) Stock Price, News & Analysis

Company Overview

HyreCar, Inc. (NASDAQ: HYRE) operates a peer-to-peer vehicle rental marketplace tailored to gig economy drivers. The company’s platform connects vehicle owners—ranging from individuals to small fleets—with prospective drivers seeking access to cars for ridesharing and delivery services. By bridging the gap between vehicle supply and demand, HyreCar enables drivers to rent cars on an hourly, daily or weekly basis without the long-term commitments or barriers typically associated with auto financing or leasing.

The core offering includes vehicle listings across a range of makes and models, comprehensive insurance coverage during rental periods and digital tools for booking, payment processing and customer support. HyreCar partners with major rideshare and delivery platforms, allowing renters to seamlessly integrate booking activities with their driver accounts. In addition, the company offers optional vehicle delivery and pickup services in select markets, enhancing convenience for both owners and renters.

Founded in 2014 and headquartered in Los Angeles, HyreCar has rapidly expanded its footprint to cover more than 35 U.S. states and metropolitan areas. The company’s growth strategy has focused on marketplace liquidity, technology enhancements and partnerships with third-party service providers to streamline vehicle inspections, maintenance and insurance underwriting. Over the years, HyreCar has built a network of thousands of vehicle owners and a growing community of drivers participating in ride-hailing, food delivery and courier services.

Under the leadership of founder and Chief Executive Officer Joe Furnari, HyreCar’s management team brings experience in technology, transportation and shared-economy businesses. The board includes industry veterans with backgrounds in automotive services, financial technology and venture capital. As the gig economy continues to mature, HyreCar aims to leverage its platform and data insights to improve asset utilization, reduce idle vehicle time and support flexible earning opportunities for independent drivers nationwide.

Key Stats

• Today's Range: N/A
• 50-Day Range: N/A
• 52-Week Range: N/A
• Volume: N/A
• 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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.05. The firm had revenue of $9.65 million for the quarter, compared to analyst estimates of $9.70 million. HyreCar had a negative net margin of 46.03% and a negative trailing twelve-month return on equity of 1,016.64%.

When did HyreCar IPO?

HyreCar (HYRE) raised $12 million in an initial public offering (IPO) on Wednesday, June 27th 2018. The company issued 2,500,000 shares at a price of $5.00 per share. Network 1 Financial Securities served 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: 7/12/2025
• 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