5 TaaS stocks to watch in 2021 | finder.com

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TaaS stocks

Ready to invest in the transportation-as-a-service industry? Consider these 5 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.

How to buy TaaS stocks

Sign up with an online broker or platform to invest in one of more of these TaaS stocks.
  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like UBER or LYFT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Invest in the transportation-as-a-service industry today with a market order or use a limit order to delay your purchase until the stock reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy fractional shares, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of a TaaS company. Optimize your portfolio by tracking how your stock — and even the transportation-as-a-service sector as a whole — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Compare 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 connects consumers with independent providers of ride services for ridesharing services and other forms of transportation services, including public transit, as well as connect riders and other consumers with restaurants, grocers, other stores, and delivery service providers for meal preparation, grocery, and other delivery services.

Uber Technologies stock opened the day at $60.00 after a previous close of $60.35. The latest price was $57.85 (25 minute delay). Uber Technologies is listed on the NYSE, has a trailing 12-month revenue of around USD11.1 billion and employs 22,800 staff.

  • Market capitalization: $112,695,173,120

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 riders personalized and on-demand access to various mobility options.

Lyft stock opened the day at $62.94 after a previous close of $63.40. The latest price was $61.87 (25 minute delay). Lyft is listed on the NASDAQ, has a trailing 12-month revenue of around USD$2.4 billion and employs 4,675 staff.

  • Market capitalization: $21,178,224,640
  • P/E ratio: 0.9039

3. DoorDash (DASH)

DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

DoorDash stock opened the day at $144.46 after a previous close of $149.42. The latest price was $146.82 (25 minute delay). DoorDash is listed on the NYSE, has a trailing 12-month revenue of around USD$2.9 billion and employs 3,886 staff.

  • Market capitalization: $48,055,656,448

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 stock opened the day at $1.70 after a previous close of $1.73. The latest price was $1.80 (25 minute delay). Hertz Global is listed on the PINK, has a trailing 12-month revenue of around USD$5.3 billion and employs 20,150 staff.

  • Market capitalization: $278,827,712

5. Avis Budget Group (CAR)

Avis Budget Group, Inc. , together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers. It operates the Avis brand, a vehicle rental system that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 515 dealer-operated and 410 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network.

Avis Budget Group stock opened the day at $78.04 after a previous close of $79.15. The latest price was $78.15 (25 minute delay). Avis Budget Group is listed on the NASDAQ, has a trailing 12-month revenue of around USD$5.4 billion and employs 15,000 staff.

  • Market capitalization: $5,448,986,624
  • P/E ratio: 9.9238
  • PEG ratio: 1.76

Compare trading platforms

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in TaaS stocks.
Name Product Stock trade fee Asset types Option trade fee Annual fee Signup bonus
Sofi Invest
$0
Stocks, ETFs, Cryptocurrency
N/A
0%
N/A
A free way to invest in stocks, ETFs and crypto.
Robinhood
$0
Stocks, Options, ETFs, Gold/Commodities
$0
0%
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Interactive Brokers
$0
Stocks, Bonds, Options, Mutual funds, ETFs
$0 + $0.65/contract, $1 minimum
0%
N/A
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
Webull
$0
Stocks, Options, ETFs
$0
0%
Get one free stock valued between $2.50 and $250 when you open an account, one more with a deposit
Open an account
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
Public
$0
Stocks, ETFs
N/A
$0 per month
N/A
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Compare up to 4 providers

*Signup bonus information updated weekly.

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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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