Analyzing HyreCar (NASDAQ:HYRE) & InterPrivate II Acquisition (NYSE:IPVA)

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

Analyst Recommendations

This is a summary of current ratings and target prices for HyreCar and InterPrivate II Acquisition, as reported by MarketBeat.com.

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 441.34%. Given HyreCar’s higher possible upside, equities analysts clearly believe HyreCar is more favorable than InterPrivate II Acquisition.

Earnings & Valuation

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

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
HyreCar $35.72 million 0.78 -$25.95 million ($0.87) -1.46
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.

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%

Institutional & 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 insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

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.

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