Pune Media
Leading the news curation and publishing for the people of Pune

HyreCar (NASDAQ:HYRE) vs. InterPrivate II Acquisition (NYSE:IPVA) Financial Review

HyreCar (NASDAQ:HYREGet Rating) and InterPrivate II Acquisition (NYSE:IPVAGet Rating) are both small-cap transportation companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, dividends, valuation, institutional ownership and earnings.

Analyst Recommendations

This is a summary of current ratings and price targets for HyreCar and InterPrivate II Acquisition, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HyreCar 0 0 2 0 3.00
InterPrivate II Acquisition 0 0 0 0 N/A

HyreCar currently has a consensus target price of $6.88, suggesting a potential upside of 567.48%. Given HyreCar’s higher probable upside, analysts clearly believe HyreCar is more favorable than InterPrivate II Acquisition.

Earnings and Valuation

This table compares HyreCar and InterPrivate II Acquisition’s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
HyreCar $35.72 million 0.63 -$25.95 million ($0.87) -1.18
InterPrivate II Acquisition N/A N/A -$2.62 million N/A N/A

InterPrivate II Acquisition has lower revenue, but higher earnings than HyreCar.

Institutional and Insider Ownership

55.1% of HyreCar shares are held by institutional investors. Comparatively, 66.1% of InterPrivate II Acquisition shares are held by institutional investors. 14.7% of HyreCar shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Profitability

This table compares HyreCar and InterPrivate II Acquisition’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
HyreCar -48.69% -598.93% -125.22%
InterPrivate II Acquisition N/A -13,789.61% -0.01%

Summary

HyreCar beats InterPrivate II Acquisition on 5 of the 9 factors compared between the two stocks.

About HyreCar

(Get Rating)

HyreCar Inc., together with subsidiaries, operates a web-based car-sharing marketplace in the United States. Its marketplace allows car and fleet owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California.

About InterPrivate II Acquisition

(Get Rating)

InterPrivate II Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the auto-tech and mobility, business services, consumer, retail, e-commerce, industrial technology sectors. The company was incorporated in 2020 and is based in New York, New York.

Receive News & Ratings for HyreCar Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HyreCar and related companies with MarketBeat.com’s FREE daily email newsletter.



Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.

Aggregated From –
Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More