Considering investing in taas stocks? While the best taas stocks depend on your portfolio and investment goals, we've identified some taas stocks that are worth keeping an eye on in the transportation-as-a-service sector. Keep reading to learn more about taas stocks and how to start investing.
Learn more about popular TaaS stocks
We round up a selection of stocks in or related to the transportation-as-a-service industry, weighting the list more heavily towards popular mid- and large-cap US stocks.1. Uber Technologies (UBER)
Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Mobility, Delivery, and Freight.
- Previous close price: $84.16
- Market capitalization: $190,440,423,424
- 1 year performance: 27.34%
- P/E ratio: 11.7529
2. LYFT (LYFT)
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications.
- Previous close price: $0.00
- Market capitalization: $9,335,960,576
- 1 year performance: 15.94
- P/E ratio: 62.0811
3. DoorDash IncClass A Common Stock (DASH)
DoorDash, Inc. , together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.
- Previous close price: $220.30
- Market capitalization: $96,974,667,776
- 1 year performance: 23.43%
- P/E ratio: 113.6364
4. Hertz Global (HTZ)
Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments: Americas RAC and International RAC.
- Previous close price: $5.49
- Market capitalization: $1,576,660,096
- 1 year performance: 16.56%
5. Avis Budget Group (CAR)
Avis Budget Group, Inc. , together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. The company operates the Avis brand, which offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck.
- Previous close price: $134.95
- Market capitalization: $4,746,314,752
- 1 year performance: 31.71%
How to invest in taas stock
- Research the transportation-as-a-service industry. Before investing, learn about the taas stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the taas stock(s) to buy. Search by company name or ticker symbol, like UBER or LYFT. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Compare trading platforms to buy TaaS stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding taas stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of taas stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the transportation-as-a-service industry to know when to buy, sell or hold.More guides on Finder
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