Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lyft, Inc.    LYFT

LYFT, INC.

(LYFT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Lyft : resumes shared electric bike rentals in NYC

share with twitter share with LinkedIn share with facebook
share via e-mail
02/19/2020 | 09:50am EDT
FILE PHOTO: A woman rides a bicycle from bicycle-sharing system Citi Bike in New York City

Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports.

The bikes will be available at any of the city's nearly 900 Citi Bike stations for a per-minute fee, versus a flat rate for non-electric shared bikes.

New York, the most populous U.S. city with over 8 million people, is an attractive market for transportation providers. The city signed an exclusive deal with Lyft to operate its bike-share system after Lyft acquired the previous operator in 2018.

Named after program sponsor Citibank, the blue bikes have experienced surging demand since their debut in 2013. Last year, nearly 21 million trips were completed on about 12,000 bikes, up more than 18% from the previous year, according to city data.

Uber Technologies Inc, which also operates a bike-share fleet, and electric scooter company Lime have criticized the city for its exclusive relationship with Lyft. Under New York law, throttle-powered e-bikes and e-scooters are not permitted outside the Citi Bike program.

Lyft voluntarily pulled its e-bike fleet in April after what the company at the time said were "a small number of reports from riders who experienced stronger than expected braking force on the front wheel."

Lyft said it has since switched battery suppliers and changed the bikes' brake setup.

The electric bikes will cost 15 cents per minute, or 10 cents per minute for annual subscribers. Regular bikes cost $3 per 30-minute trip for non-members.

"We are confident that the return of these sought-after bikes will allow our partners at Lyft to build on the record-breaking ridership Citi Bike saw last summer," New York City's Department of Transportation Commissioner Polly Trottenberg said in a statement.

(This story corrects New York City population to over 8 million from over 19 million in paragraph 3.)

By Tina Bellon

Stocks mentioned in the article
ChangeLast1st jan.
LYFT, INC. -2.00% 22 Delayed Quote.-48.86%
UBER TECHNOLOGIES, INC. -3.63% 22.82 Delayed Quote.-23.27%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on LYFT, INC.
04/02LYFT : Uber to start shipping car disinfectants to drivers
RE
04/02LYFT : Arizona justices uphold Phoenix airport's Uber, Lyft fees
AQ
03/31LYFT, INC. : Other Events (form 8-K)
AQ
03/31Exor Invests in Ride-Share Firm Via -- WSJ
DJ
03/30Exor Nears $200 Million Investment in Ride-Share Company Via
DJ
03/27EXPLAINER : Why U.S. gig economy workers need an act of Congress to get jobless ..
RE
03/25LYFT : Coronavirus exposes U.S. Uber, Lyft drivers' lack of safety net
RE
03/23Uber urges White House to include gig workers in coronavirus stimulus
RE
03/19LYFT : Uber shares soar after CEO says enough cash to ride out coronavirus crisi..
RE
03/14UBER TECHNOLOGIES : Insurance Navy Shares Coronavirus Prevention Tips with Rides..
AQ
More news
Financials (USD)
Sales 2020 3 813 M
EBIT 2020 -797 M
Net income 2020 -1 461 M
Finance 2020 1 617 M
Yield 2020 -
P/E ratio 2020 -4,73x
P/E ratio 2021 -6,75x
EV / Sales2020 1,38x
EV / Sales2021 1,00x
Capitalization 6 884 M
Chart LYFT, INC.
Duration : Period :
Lyft, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LYFT, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 54,25  $
Last Close Price 22,45  $
Spread / Highest target 330%
Spread / Average Target 142%
Spread / Lowest Target 15,8%
EPS Revisions
Managers
NameTitle
Logan Green Chief Executive Officer & Director
John Zimmer Vice Chairman & President
Prashant Aggarwal Chairman
Brian Roberts Chief Financial Officer
Eisar Lipkovitz Executive Vice President-Rideshare & Engineering
Sector and Competitors
1st jan.Capitalization (M$)
LYFT, INC.-48.86%8 233
TENCENT HOLDINGS LIMITED-1.30%465 826
NETFLIX, INC.11.80%164 772
NASPERS LIMITED0.94%63 056
UBER TECHNOLOGIES, INC.-23.27%48 226
SPOTIFY TECHNOLOGY S.A.-18.34%22 560