TaaS stocks

The best TaaS stocks depend on your portfolio and investment goals—while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

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.

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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: $93.89
• Market capitalization: $199,476,707,328
• 1 year performance: 27.69%
• P/E ratio: 16.7058

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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: $14.92
• Market capitalization: $6,271,682,560
• 1 year performance: 10.27%
• P/E ratio: 99.4

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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: $242.85
• Market capitalization: $101,885,009,920
• 1 year performance: 130.36%
• P/E ratio: 304.3544

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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: $7.91
• Market capitalization: $2,332,205,056
• 1 year performance: 104.92%

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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. It operates the Avis brand, that 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: $194.86
• Market capitalization: $6,735,259,136
• 1 year performance: 87.94%

How to invest in TaaS stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like UBER or LYFT.
5. Place your order. Buy the stock. It's that simple.

Buy TaaS stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

Related: Compare the best stock trading platforms in Canada

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Bottom line

While it's possible to turn a profit investing in TaaS stocks, keep in mind that—like any investment—TaaS stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the transportation-as-a-service industry, so carefully vet your picks before you invest. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.

Related: How to buy stocks in Canada