5 top TaaS stocks to buy in 2024

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.

5 popular TaaS stocks picks to buy in 2024

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)
2. LYFT (LYFT)
3. DoorDash IncClass A Common Stock (DASH)
4. Hertz Global (HTZGQ)
5. Avis Budget Group (CAR)

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The TaaS stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering TaaS stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Our picks for platforms with research tools

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 of 2024.
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.

Take a deeper dive into TaaS stocks

If you're interested in investing in the transportation-as-a-service industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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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 Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight.

Uber Technologies stock opened the day at $69.98 after a previous close of $69.31. The latest price was $69.12 (25-minute delay). Uber Technologies is listed on the NYSE, has a trailing 12-month revenue of around USD37.3 billion and employs 30,400 staff.

• Market capitalization: $144,375,611,392
• P/E ratio: 79.7241
• PEG ratio: 1.5116

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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. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications.

LYFT stock opened the day at $16.06 after a previous close of $16.07. The latest price was $16.26 (25-minute delay). LYFT is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4.4 billion and employs 2,945 staff.

• Market capitalization: $6,764,734,464
• PEG ratio: 3.7815

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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.

DoorDash IncClass A Common Stock stock opened the day at $127.90 after a previous close of $128.11. The latest price was $132.14 (25-minute delay). DoorDash IncClass A Common Stock is listed on the NASDAQ, has a trailing 12-month revenue of around USD$8.6 billion and employs 19,300 staff.

• Market capitalization: $52,261,957,632

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4. Hertz Global (HTZGQ)

Hertz Global Holdings, Inc. , together with its subsidiaries, provides airport and off airport vehicle rental and leasing services. It operates through three segments: U. S.

Hertz Global is listed on the PINK, has a trailing 12-month revenue of around USD$4.6 billion and employs 20,150 staff.

• Market capitalization: $1,365,240,448

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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, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.

Avis Budget Group stock opened the day at $98.38 after a previous close of $99.57. The latest price was $100.12 (25-minute delay). Avis Budget Group is listed on the NASDAQ, has a trailing 12-month revenue of around USD$12 billion and employs 18,000 staff.

• Market capitalization: $3,623,537,920
• P/E ratio: 2.4156
• PEG ratio: 1.76

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Compare more stock trading platforms to invest in TaaS stocks

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in TaaS stocks.

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. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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