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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Hyundai Motor Co    005380   KR7005380001

HYUNDAI MOTOR CO

(005380)
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Hyundai dealers to offer customers Lyft rides through CDK app

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06/25/2019 | 03:12pm EDT
A Lyft Scooter is seen parked in Washington

(Reuters) - Hyundai dealers in the United States will offer Lyft Inc rides to customers getting their vehicles serviced at dealerships, the companies said on Tuesday, the latest in a string of partnerships by the ride services company.

Dealers who subscribe to Hailer application through CDK Global Inc will be able to offer rides without the customer having to install the Lyft app.

Lyft, which debuted on the New York Stock Exchange a couple of months before Uber, has partnered with several companies to offer its services in a bid to gain share in a market dominated by bigger rival Uber Technologies Inc.

Last week, the company struck a deal with Agero Inc to provide rides for consumers whose cars need a tow assistance, and has also become the official rideshare of Disney Parks and Resorts.

Last month, the company partnered with Google's Waymo to deploy vehicles on Lyft app.

Ever since their market debut, shares of both Lyft and Uber have been under pressure, with investors struggling to figure out how much these companies are worth. The ride-hailing companies have not given a timeline for turning a profit.

Lyft had 30.7 million riders and 1.9 million drivers in more than 300 cities in the United States and Canada last year.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Arun Koyyur)

Stocks mentioned in the article
ChangeLast1st jan.
CDK GLOBAL INC 0.71% 51.4 Delayed Quote.7.35%
HYUNDAI MOTOR CO End-of-day quote.
LYFT INC 2.18% 67.44 Delayed Quote.0.00%
UBER TECHNOLOGIES INC -1.21% 43.18 Delayed Quote.0.00%
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Financials (KRW)
Sales 2019 102 322 B
EBIT 2019 4 013 B
Net income 2019 3 683 B
Debt 2019 55 746 B
Yield 2019 3,10%
P/E ratio 2019 9,18x
P/E ratio 2020 8,04x
EV / Sales2019 286x
EV / Sales2020 277x
Capitalization 29 204 B
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 161 222,22  KRW
Last Close Price 134 500,00  KRW
Spread / Highest target 37,5%
Spread / Average Target 19,9%
Spread / Lowest Target -30,9%
EPS Revisions
Managers
NameTitle
Mong-Koo Chung Chairman & Co-Chief Executive Officer
Won-Hui Lee Co-President, Co-CEO & Director
Gab-Han Yoon Co-President, Co-CEO & Director
Byeong-Cheol Choi Chief Financial Officer
Moon-Sik Kwon Vice Chairman-Executive Board, Head-R&D
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