HyreCar Inc. operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with PassTime to deliver dealer-focused vehicle tracking and inventory management solution. HyreCar Inc. was founded in 2014 and is headquartered in Los Angeles, California.
Industry, Sector and Symbol
Industry Automotive rental & leasing, without drivers
Sub-IndustryN/A
SectorTransportation
CIKN/A
Phone888-688-6769
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$9.78 million
Profitability
Miscellaneous
Employees87
Next Earnings Date11/14/2019 (Estimated)
OptionableNot Optionable
HyreCar (NASDAQ:HYRE) Frequently Asked Questions
What is HyreCar's stock symbol?
HyreCar trades on the NASDAQ under the ticker symbol "HYRE."
How were HyreCar's earnings last quarter?
HyreCar Inc (NASDAQ:HYRE) announced its quarterly earnings data on Wednesday, August, 14th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.19. The company had revenue of $3.82 million for the quarter, compared to analysts' expectations of $3.90 million. HyreCar had a negative return on equity of 96.78% and a negative net margin of 61.94%. View HyreCar's Earnings History.
When is HyreCar's next earnings date?
What price target have analysts set for HYRE?
5 Wall Street analysts have issued 12 month price objectives for HyreCar's shares. Their predictions range from $4.00 to $9.00. On average, they anticipate HyreCar's share price to reach $6.95 in the next twelve months. This suggests a possible upside of 192.0% from the stock's current price. View Analyst Price Targets for HyreCar.
What is the consensus analysts' recommendation for HyreCar?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for HyreCar.
What are Wall Street analysts saying about HyreCar stock?
Here are some recent quotes from research analysts about HyreCar stock:
- 1. According to Zacks Investment Research, "HyreCar Inc. operates as a platform as a service company. It offers a car-sharing platform which allows car owners to rent their idle cars to ride-sharing service drivers. HyreCar Inc. is based in Los Angeles, United States. " (10/23/2019)
- 2. Maxim Group analysts commented, "Ahead of 2Q19 results to be reported on Wednesday, August 14, we are slightly shifting revenue from our prior 2Q19 estimate, into 4Q19, but maintain our FY19 forecast for robust revenue growth (+67%) and improving EBITDA. With operating leverage from higher revenue along with more profitable insurance offerings, we anticipate 2Q19 gross margin expanding to 59.5% (vs. prior estimate of 60.6%), from 47.4% in 2Q18. We project over 80% revenue growth in 2019 and 58% average revenue growth over the next three years as the company is well-positioned to generate hyper- growth in the car-sharing marketplace. Maintain Buy rating and $10 price target." (8/9/2019)
- 3. Northland Securities analysts commented, "We come away from the call with a better understanding of the dealer side of HYRE’s business, market trends and the value-add for a dealer to be on the HyreCar platform. Brian Allan has 39 years of dealer experience and a lot of insight into dealers businesses and his slides were very helpful in understanding the trends affecting dealers. Key Points HYRE is basically bringing technology enablement to dealers so they can participate in this ride sharing marketplace and sell and service more cars and customers. Remember a dealer can sign up for HyreCar for free and start generating revenue right away. As Brian noted the dealer already has the inventory, parts and service, and people." (5/21/2019)
Has HyreCar been receiving favorable news coverage?
Media coverage about HYRE stock has been trending somewhat positive on Wednesday, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. HyreCar earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for HyreCar.
Are investors shorting HyreCar?
HyreCar saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,500,000 shares, an increase of 5.6% from the August 30th total of 1,420,000 shares. Based on an average daily volume of 266,000 shares, the days-to-cover ratio is currently 5.6 days. Approximately 12.0% of the company's stock are sold short. View HyreCar's Current Options Chain.
Who are some of HyreCar's key competitors?
What other stocks do shareholders of HyreCar own?
Who are HyreCar's key executives?
HyreCar's management team includes the folowing people:
- Mr. Joseph Furnari, CEO & Director (Age 38)
- Mr. Michael Furnari, Chief Bus. Devel. Officer & Director of Sales (Age 34)
- Mr. Robert Scott Brogi, Chief Financial Officer (Age 54)
- Mr. Henry Park, Chief Operating Officer (Age 48)
- Ken Grimes, VP of Engineering
When did HyreCar IPO?
(HYRE) raised $12 million in an 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 acted as the underwriter for the IPO.
How do I buy shares of HyreCar?
Shares of HYRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is HyreCar's stock price today?
One share of HYRE stock can currently be purchased for approximately $2.38.
How big of a company is HyreCar?
HyreCar has a market capitalization of $38.94 million and generates $9.78 million in revenue each year. The company earns $-11,240,000.00 in net income (profit) each year or ($1.31) on an earnings per share basis. HyreCar employs 87 workers across the globe.View Additional Information About HyreCar.
What is HyreCar's official website?
How can I contact HyreCar?
HyreCar's mailing address is 355 SOUTH GRAND AVENUE SUITE 1650, LOS ANGELES CA, 90071. The company can be reached via phone at 888-688-6769.
MarketBeat Community Rating for HyreCar (NASDAQ HYRE)
MarketBeat's community ratings are surveys of what our community members think about HyreCar and other stocks. Vote "Outperform" if you believe HYRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HYRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
