Latest news with #Nexar
Forbes
21-05-2025
- Business
- Forbes
Is Lyft's Low Valuation An Investment Opportunity?
Photo via Smith Collection/Gado/Getty Images Lyft (NASDAQ: LYFT) reported robust Q1 2025 results, showing ongoing operational and financial momentum. Gross bookings grew by 13% year-over-year (y-o-y) to $4.2 billion, while revenue increased 14% to $1.5 billion. The company achieved a net income of $2.57 million, marking a substantial improvement from the $31.54 million net loss in Q1 2024, marking its third consecutive quarter of being profitable. Operationally, Lyft completed 218 million rides (up 16% y-o-y) and expanded its active rider base by 11% y-o-y to 24.2 million. Strategically, Lyft is broadening its presence in smaller, car-dependent cities like Indianapolis, where rides surged by 37% in Q1. The company is also investing in autonomous vehicle technology through collaborations with Mobileye, May Mobility, and Nexar, intending to incorporate self-driving vehicles into its platform by 2025. The company's stock has risen 30% year-to-date, compared to a modest 1.3% increase in the S&P 500 (as of May 16). LYFT stock offers a balanced combination of strengths and weaknesses, representing its moderate operating performance and financial state. However, when combined with its notably low valuation, the overall investment thesis seems appealing. See Buy or Sell Lyft? We reach our conclusion by assessing the current valuation of LYFT stock in relation to its operational performance in recent years, along with its current and historical financial status. Our evaluation of LYFT according to key metrics of Growth, Profitability, Financial Stability, and Downturn Resilience indicates that the company has a moderate operating performance and financial standing, as elaborated below. Nevertheless, if you are looking for upside potential with reduced volatility compared to individual stocks, the Trefis High Quality portfolio provides an alternative - having outperformed the S&P 500 and delivered returns exceeding 91% since its inception. Based on the amount you pay per dollar of sales or profit, LYFT stock appears undervalued in comparison to the wider market. • Lyft has a price-to-sales (P/S) ratio of 0.9 compared to a value of 2.8 for the S&P 500 • Moreover, the company's price-to-free cash flow (P/FCF) ratio is 6.2 versus 17.6 for the S&P 500 Lyft's Revenues have seen significant growth over the last few years. • Lyft has experienced its top line grow at an average rate of 22.2% over the past 3 years (compared to an increase of 6.2% for the S&P 500) • Its revenues have increased by 31.4% from $4.4 Bil to $5.8 Bil in the last 12 months (against a growth of 5.3% for the S&P 500) • Additionally, its quarterly revenues grew 13% to $1.45 Bil in the most recent quarter from $1.28 Bil a year earlier (versus a 4.9% improvement for the S&P 500) Lyft's profit margins are significantly lower than most companies covered in the Trefis analysis. • Lyft's Operating Income over the last four quarters was $-119 Mil, translating to a very poor Operating Margin of -2.1% (compared to 13.1% for the S&P 500) • LYFT Operating Cash Flow (OCF) over this period was $850 Mil, indicating a poor OCF Margin of 14.7% (versus 15.7% for the S&P 500) • For the last four-quarter timeframe, LYFT Net Income was $23 Mil – reflecting a very poor Net Income Margin of 0.4% (versus 11.3% for the S&P 500) Lyft's balance sheet presents a solid picture. • Lyft's Debt stood at $1.2 Bil at the close of the most recent quarter, while its market capitalization is $6.8 Bil (as of 5/14/2025). This suggests a moderate Debt-to-Equity Ratio of 22.2% (in contrast to 21.5% for S&P 500). [Note: A low Debt-to-Equity Ratio is advantageous] • Cash (inclusive of cash equivalents) constitutes $2.0 Bil of the $5.7 Bil in Total Assets for Lyft. This provides a very strong Cash-to-Assets Ratio of 35.1% (compared to 15.0% for the S&P 500) LYFT stock has underperformed significantly compared to the benchmark S&P 500 index during several recent downturns. While investors are hopeful for a soft landing for the U.S. economy, how severe might it be if another recession strikes? Our dashboard How Low Can Stocks Go During A Market Crash captures the performance of key stocks during and after the last six market crashes. • LYFT stock declined 88.1% from a peak of $67.42 on 15 March 2021 to $7.99 on 24 May 2023, against a peak-to-trough drop of 25.4% for the S&P 500 • The stock is still yet to rebound to its pre-Crisis high • The highest the stock has attained since then is $20.28 on 21 March 2024 and it currently trades at approximately $17 • LYFT stock plummeted 70.2% from a peak of $53.94 on 11 February 2020 to $16.05 on 18 March 2020, compared to a peak-to-trough decline of 33.9% for the S&P 500 • The stock completely recovered to its pre-Crisis peak by 10 February 2021 In conclusion, Lyft's performance across the outlined parameters above is summarized as follows: • Growth: Extremely Strong • Profitability: Extremely Weak • Financial Stability: Very Strong • Downturn Resilience: Extremely Weak • Overall: Neutral With its very low valuation taken into account, this makes the stock appear attractive, supporting our assertion that LYFT is a wise stock to purchase. While LYFT stock appears promising, investing in a single stock can carry risks. You might consider exploring the Trefis Reinforced Value (RV) Portfolio, which has exceeded its all-cap stocks benchmark (a mix of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to yield strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid-, and small-cap RV Portfolio stocks has provided a responsive approach to maximize favorable market conditions while minimizing losses in downturns, as detailed in RV Portfolio performance metrics.
Yahoo
20-05-2025
- Business
- Yahoo
Nexar Names Jayesh Patel as Chief Financial Officer to Support Rapid Growth and Scale
Appointment Follows Major Strategic Milestones Including New CEO, Key Partnerships with Waymo, Lyft, NVIDIA, and Vehicle Global Management (VGM) NEW YORK, May 20, 2025 /PRNewswire/ -- Nexar, a leader in AI-powered mobility solutions, today announced the appointment of Jayesh Patel as Chief Financial Officer. Patel will now oversee all aspects of finance, accounting, strategic planning, and corporate development as Nexar accelerates its growth trajectory. Patel joins Nexar at a pivotal time. Over the past six months, the company has announced a series of major milestones, including the appointment of Zach Greenberger as Chief Executive Officer and Luc Vincent as Chief Research and Development Officer. Nexar has also forged strategic partnerships with Waymo to enhance safety validation for their AV models; with NVIDIA to advance the training and simulation of NVIDIA Cosmos; with Voyager Global Mobility (VGM) to expand Nexar's connected vehicle platform across large fleets; and with HDVI to bring AI-powered solutions to insured commercial fleets. "Nexar is entering a phase of rapid growth and strategic expansion, and building the right leadership team is essential to realizing our vision.," said Zach Greenberger, CEO of Nexar. "Jayesh brings the financial expertise, operational discipline, and strategic mindset that will help take Nexar to the next level. With his addition, we're deepening our ability to scale with precision and deliver lasting impact across the mobility ecosystem." Patel brings more than 20 years of financial and commercial leadership experience across technology, mobility, and high-growth companies including Hertz and global management consulting and technology firm ZS. He has successfully scaled strategy, finance, and commercial organizations through rapid expansion, overseen transactions, and led strategic initiatives that drive long-term value. "Nexar is entering an exciting new chapter, and I'm proud to be a part of it," said Patel. "The company's momentum, leading technology platform, and talented team are undeniable. I look forward to helping Nexar build on its strong foundation and drive long-term growth and impact." Patel's appointment comes as Nexar continues to expand its vision for a smarter, safer, and more connected mobility future, leveraging AI, computer vision, and the largest open network, real world driving data set in the world. About NexarNexar turns cars into vision sensors to understand the world. Its platform powers vision-connected services and apps at scale, making new vision-based applications for better driving powered by a crowd-sourced vision feed. Using anonymous, aggregated data captured from this network, Nexar has developed a portfolio of vision-based data services for the autonomous vehicle industry and public and private sector partners to make roadways safer and more efficient. More information at Logo - View original content to download multimedia: SOURCE Nexar Sign in to access your portfolio
Yahoo
04-03-2025
- Automotive
- Yahoo
Voyager Global Mobility Selects Nexar to Help Protect Rideshare Drivers and Conquer Insurance Crisis
The Collaboration Aims To Chart A More Responsible Standard for Regulators Struggling With Insurance Crises NEW YORK, March 4, 2025 /PRNewswire/ -- Nexar, a leader in AI-powered mobility solutions, today announced it has been selected by Voyager Global Mobility (VGM), North America's leading fleet and service partner for rideshare drivers, to supply AI-powered dashcams across its FastTrack and Buggy brands as part of its Drive Smart program. Beginning in New York City before expanding throughout the East Coast, VGM plans to eventually integrate the technology across its entire global fleet of 11,000 vehicles. The initial purchase includes 2,000 dashcams with an option to expand to 12,000 units. The technology will enhance driver safety, reduce liability, and streamline claims processing. Rideshare drivers face daily safety risks and ongoing vulnerability to ride disputes, and Nexar's connected dashcams offer real-time incident detection, automatic video recording, and seamless claims processing. Unlike other telematics solutions that rely solely on sensors and IMU data, Nexar's technology leverages AI-powered vision to provide both fleet operators and individual drivers with direct access to safety insights, ensuring greater transparency, accountability, and trust in the rideshare ecosystem. "Our partnership with Voyager Global Mobility marks a turning point in making AI dashcams the standard for rideshare safety. While video telematics clearly improves safety, cuts insurance costs, and keeps drivers working, access has remained fragmented," said Zach Greenberger, CEO of Nexar. "By joining forces with VGM, we're creating true momentum, not just expanding our reach. VGM's shared commitment to driver protection and innovation makes them the perfect partner as we establish a new benchmark for safety and transparency in the gig economy." Risk management is critical in the rideshare industry across all stakeholders. In New York City, the nation's largest rideshare market, an insurance crisis looms due to inadequate regulatory oversight. While VGM has always been a leader in risk management, the company is trailblazing a better path forward with Nexar amid regulatory shortcomings. Having video evidence of accidents is critical and helps to cut down on fraud, which has been inflating insurance costs for years. More than just efficiency in claims processing, the crowning achievement of this partnership is the VGM Drive Smart program, which uses the advanced telematics of the cameras to give rideshare drivers a weekly report on their own risky driving behavior. An initial safe driving pilot at VGM showed a 40% reduction in risky driving behavior through sharing consistent driving reports with customers. "VGM is not just a rental car company–we are laser-focused on empowering rideshare drivers with the best vehicles, service and tools for success. Selecting Nexar was an obvious choice to provide our customers with free access to technology that protects them and enhances industry safety," said Jeremy Moskowitz, Executive Vice President of Rideshare Strategy at VGM. "While we've advocated for smarter innovations in rideshare insurance, government action has unfortunately stalled. Rather than pouring millions of dollars into higher premiums caused by other's mistakes, we're investing directly in driver safety solutions like Nexar. That's the VGM difference." Unfair deactivations also threaten rideshare drivers' financial stability. Over 40% of drivers face deactivation during their careers, often from disputed incidents where they lack evidence. Without video proof, drivers risk permanent banning, losing income and incurring legal expenses. Dashcam footage helps drivers resolve deactivation issues 2.5× faster, quickly returning them to work. Nexar is the only company that provides fleet solutions, while also giving rental customers direct access to the footage. With this partnership, Nexar and VGM are making it easier than ever for drivers to safeguard themselves on the road, resolve disputes faster, and access cutting-edge AI technology that was previously out of reach. VGM's investment puts these powerful tools in the hands of drivers, at no additional cost to them. For more information about Nexar and its AI-powered vision technology, visit About Nexar Nexar turns cars into vision sensors to understand the world. Its platform powers vision-connected services and apps at scale, making new vision-based applications for better driving powered by a crowd-sourced vision feed. Using anonymous, aggregated data captured from this network, Nexar has developed a portfolio of vision-based data services for the autonomous vehicle industry and public and private sector partners to make roadways safer and more efficient. More information at About Voyager Global Mobility (VGM) Voyager Global Mobility (VGM) is a rapidly-growing mobility operating company that provides professionally managed vehicles to rideshare drivers on a weekly subscription basis. VGM currently manages a fleet of 11,000 vehicles, growing by 2,500 vehicles year over year. The largest such provider in New York City, VGM also operates in Boston, Philadelphia, D.C., Milwaukee, Miami, Tampa, Orlando, Atlanta, Phoenix, Dallas, Houston, Austin, Las Vegas, throughout Mexico and Costa Rica. In addition to the rideshare subscription service, VGM also provides managed fleets to local governments and rideshare apps in 27 cities. For more information please visit Logo - View original content to download multimedia: SOURCE Nexar Sign in to access your portfolio
