Lyft posted solid third-quarter results, with bookings up 17% to $5.6 billion and adjusted EBITDA rising 47% to $204 million. North American rides growth accelerated for a second consecutive quarter, while lower insurance costs supported profitability.
Lyft’s partnerships with nascent autonomous vehicle companies like May Mobility and Mobileye create upside to current unit economics by removing human drivers.
Lyft’s core user base growth and scale are significantly lower than Uber’s. As such, Lyft has a weak value proposition for major autonomous vehicle companies.
Metric | LYFT | CART | DASH |
|---|---|---|---|
Price/Earnings (Normalized) | 18.30 | 28.78 | 69.03 |
Price/Book Value | 2.20 | 5.44 | 7.25 |
Price/Sales | 0.99 | 3.62 | 4.61 |
Price/Cash Flow | 19.65 | 12.45 | 23.30 |
Metric | LYFT | CART | DASH |
|---|---|---|---|
Quick Ratio | 0.45 | 2.09 | 1.16 |
Current Ratio | 0.60 | 2.34 | 1.46 |
Interest Coverage | −0.82 | — | — |
Metric | LYFT | CART | DASH |
|---|---|---|---|
Return on Assets (Normalized) | 35.97% | 22.07% | 11.95% |
Return on Equity (Normalized) | 118.04% | 31.37% | 23.13% |
Return on Invested Capital (Normalized) | 79.60% | 30.10% | 16.36% |
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