TUSIMPLE HOLDINGS INC.

(TSP)
  Report
Delayed Nasdaq  -  05/20 04:00:00 pm EDT
8.210 USD   -4.65%
05/16Needham & Co Adjusts TuSimple Holdings Price Target to $20 From $54, Maintains Buy Rating
MT
05/16NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
05/12KeyBanc Adjusts TuSimple Holdings' Price Target to $30 From $40, Keeps Overweight Rating
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Car sharing startup Turo reveals revenue surge in IPO filing

01/10/2022 | 06:25pm EDT

Jan 10 (Reuters) - Daimler AG-backed car sharing marketplace Turo Inc on Monday made public its filing for a stock market flotation in the United States and disclosed its finances for the first time, revealing a 207% jump in revenue.

The San Francisco-based company confidentially filed for an initial public offering in August last year.

Turo's plans to launch its IPO roadshow comes amid a surge in COVID-19 cases due to the Omicron variant that has forced some companies to delay stock market flotations, while the prospect of near-term rate hikes from the Federal Reserve has resulted in a sell-off in technology stocks in recent days.

Turo's platform allows car owners in 5,500 cities across the United States, Canada and the United Kingdom to rent out their vehicles. It has over 450,000 listed cars ranging from pick-up trucks and minivans to luxury options such as Lamborghini, Rolls-Royce and Porsche.

It reported a net revenue of $330.5 million in the nine months ended September last year, up from $107.8 million the previous year.

Several other venture-funded companies in the automobile space, including SoftBank-backed Full Truck Alliance and self-driving truck startup TuSimple Holdings, have also gone public last year.

The company led by former Ebay Inc executive Andre Haddad raised $92 million in a funding round in 2017.

Turo counts Alphabet's venture capital arm GV and internet media company IAC among its backers. It will list on the New York Stock Exchange under the symbol TURO.

Morgan Stanley and JP Morgan Chase & Co are the lead underwriters for the offering. (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Devika Syamnath and Shailesh Kuber)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.34% 2178.16 Delayed Quote.-24.81%
EBAY INC. -0.69% 44.31 Delayed Quote.-33.37%
FULL TRUCK ALLIANCE CO. LTD. -10.36% 5.8 Delayed Quote.-30.70%
MERCEDES-BENZ GROUP AG 0.28% 63.47 Delayed Quote.-6.35%
MORGAN STANLEY -0.74% 79.37 Delayed Quote.-19.14%
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-16.87%
PORSCHE AUTOMOBIL HOLDING SE 0.17% 71.68 Delayed Quote.-14.21%
SOFTBANK GROUP CORP. 0.84% 5276 Delayed Quote.-3.72%
TUSIMPLE HOLDINGS INC. -4.65% 8.21 Delayed Quote.-77.10%
All news about TUSIMPLE HOLDINGS INC.
05/16Needham & Co Adjusts TuSimple Holdings Price Target to $20 From $54, Maintains Buy Rati..
MT
05/16NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
05/12KeyBanc Adjusts TuSimple Holdings' Price Target to $30 From $40, Keeps Overweight Ratin..
MT
05/11TRANSCRIPT : TuSimple Holdings Inc. - Analyst/Investor Day
CI
05/05TuSimple to Participate in Upcoming Investor Conferences
PR
05/04Oppenheimer Adjusts TuSimple Holdings Price Target to $45 From $55, Maintains Outperfor..
MT
05/04RBC Cuts Price Target on TuSimple Holdings to $14 From $24, Maintains Outperform Rating
MT
05/04TUSIMPLE HOLDINGS INC. Management's Discussion and Analysis of Financial Condition and..
AQ
05/03TUSIMPLE : Q1 Earnings Snapshot
AQ
05/03TRANSCRIPT : TuSimple Holdings Inc., Q1 2022 Earnings Call, May 03, 2022
CI
More news
Analyst Recommendations on TUSIMPLE HOLDINGS INC.
More recommendations
Financials (USD)
Sales 2022 10,1 M - -
Net income 2022 -577 M - -
Net cash 2022 812 M - -
P/E ratio 2022 -3,22x
Yield 2022 -
Capitalization 1 834 M 1 834 M -
EV / Sales 2022 101x
EV / Sales 2023 24,2x
Nbr of Employees 1 400
Free-Float 60,3%
Chart TUSIMPLE HOLDINGS INC.
Duration : Period :
TuSimple Holdings Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TUSIMPLE HOLDINGS INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 8,21 $
Average target price 22,78 $
Spread / Average Target 177%
EPS Revisions
Managers and Directors
Xiao Di Hou Chairman, President & Chief Executive Officer
Patrick Dillon Chief Financial & Accounting Officer
James A. Mullen Chief Administrative & Legal Officer
Yi Zhang Independent Director
Karen C. Francis Independent Director
Sector and Competitors
1st jan.Capi. (M$)
TUSIMPLE HOLDINGS INC.-77.10%1 834
UNISPLENDOUR CORPORATION LIMITED-22.23%7 594
AISINO CORPORATION-23.23%2 846
CRICUT, INC.-62.20%1 852
PC CONNECTION, INC.4.41%1 163
SMARTRENT, INC.-46.07%1 018