With an interesting car sharing business model, HyreCar (HYRE) recently surprised the market by releasing revenue growth of 209% and gross profit margin of 49%. Growth investors should study this name closely as the numbers to be released in 2019 are expected to be much better than those in 2017. Value investors should also appreciate this name as efforts are being made to report positive CFO by mid-2019. Finally, HyreCar seems undervalued at 2.6x sales as there are peers that are trading at 1.8x with revenue growth below 10%.
Business
Incorporated on November 24, 2014