NEW YORK, Nov. 6, 2024 /PRNewswire/ -- Nexar, a leader in AI-powered mobility solutions, and Lyft (NASDAQ: LYFT), one of North America's largest transportation networks, today announced plans to partner, leveraging Nexar's vast cutting-edge video telematics to create data-driven solutions that accelerate the deployment of AV technologies."Nexar's collaboration with Lyft is a pivotal moment in our journey to accelerate the future of autonomous driving," said Eran Shir, Chief Product Officer and Co-Founder of ...

It seems Lyft is hoping to catch up to Uber’s string of autonomous vehicle partnerships. Lyft announced Wednesday three separate partnerships — with startup May Mobility, automated driving company Mobileye and smart dashcam firm Nexar — all aimed at establishing a foothold in the emerging autonomous vehicle market. In the announcement, the ride-hailing company said it signed a deal with May Mobility to launch autonomous vehicles on the Lyft app starting in Atlanta in 2025. Lyft also announced a partnershi ...

Lyft (LYFT) is scheduled to report third-quarter 2024 results on Nov. 6, after market close.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company has an impressive earnings surprise history, having surpassed Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 78.8%.The Zacks Consensus Estimate for LYFT’s soon-to-be reported quarter’s earnings is currently pegged at 20 cents per share, having been revised 11.1% upward in the past 60 days. The Za ...

Lyft Inc (NASDAQ:LYFT) is gearing up for its latest earnings report, due out after the close on Wednesday, Nov. 6. Rideshare peer Uber (UBER) had a rough day after its report last week, following a decline in gross bookings, so we'll see if LYFT fares better. The stock's post-earnings history doesn't do much to alleviate concern, however, as it's only finished higher after two of its last eight reports. LYFT posted a 16.9% drop after earnings last quarter, though it made a swift recovery on the charts. This ...

Investors might want to bet on Lyft (LYFT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this ride-hailing company, should get reflected in its stock price. After all, empirical research shows a strong correlation between t ...

The US Department of Justice filed a lawsuit against Lyft on Friday. The FTC said Lyft made "deceptive" claims about how much money drivers could earn per hour. Lyft agreed to a proposed settlement that included a $2.1 million civil penalty. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personali ...

In Brief Uber and Lyft need to do more to support disabled passengers, especially those who are blind or visually impaired, according to protesters who gathered outside the companies' headquarters on October 15. Wired spoke to protesters who shared stories about drivers passing them by or refusing to let them bring their guide dogs on a ride. They said ride-hailing companies should do more to educate drivers on accommodating passengers with visual impairments, and should exercise a "zero-tolerance" policy f ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Lyft (LYFT) , which belongs to the Zacks Internet - Services industry. This ride-hailing company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 46.49%. For the last reported quarter, Lyft came out with earnings of $0.24 per share versus the Zacks Con ...

After reaching an important support level, Lyft (LYFT) could be a good stock pick from a technical perspective. LYFT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. Like other SMAs, i ...

Lyft Stock Performance - Lyft shares rallied 9 6% in the last trading session to close at $13 60, driven by notable trading volume [1] - The stock has gained 6 8% over the past four weeks [1] - The uptick in Lyft's stock price was partly due to Tesla's disappointing Robotaxi event, which failed to excite investors and boosted shares of ride-sharing companies like Lyft [2] Earnings and Revenue Expectations - Lyft is expected to post quarterly earnings of $0 19 per share, representing a year-over-year change of -20 8% [3] - Revenues are expected to be $1 42 billion, up 22 6% from the year-ago quarter [3] - The consensus EPS estimate for Lyft has been revised 16 7% higher over the last 30 days, indicating a positive trend in earnings estimate revision [4] Industry and Peer Performance - Lyft is part of the Zacks Internet - Services industry [4] - LivePerson (LPSN), another stock in the same industry, finished the last trading session 8 3% higher at $1 17 and has returned 1 9% over the past month [4] - For LivePerson, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0 05, representing a change of -266 7% from the year-ago quarter [5]