HYRE - HyreCar skyrockets after pointing to strong driver demand

HyreCar (HYRE) skyrocketed 44.57% today after a well-received Q1 earnings report to lead the consumer sector. Shares of HyreCar rose to high as $13.57 vs. the 52-week range of $1.78 to $16.27. Revenue was up 29% to $7.45M and rental days rose 31% during the quarter/ The outlook from the company came in positive. "We continue to see robust driver demand. For the quarter, we saw record 5,400 new unique drivers pick up a car on our platform, a 14% year-over-year growth rate. Our expansion to include food, grocery and delivery, plus our focus on increasing customer retention, drove revenue and rental day growth rates and should be additive to the continued recovery and ride share to our delivery drivers and we look to -- as we look to add post-COVID world." Ladenburg Thalmann weighed in the HyreCar report, saying it is confident that company will continue to grow and

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HyreCar skyrockets after pointing to strong driver demand