Ridesharing company Lyft opens 35000-square-foot driver center in Mission Valley

SAN DIEGO (KUSI) – Lyft opened a 35,000-square-foot “Driver Center” Tuesday in a former Toys “R” Us store in Bay Park to provide a one-stop …
February 11, 2020
Posted: February 11, 2020

Kacey McKinnon

SAN DIEGO (KUSI) – Lyft opened a 35,000-square-foot “Driver Center” Tuesday in a former Toys “R” Us store in Bay Park to provide a one-stop location for its drivers to go for vehicle repairs, maintenance and other support services.

“We’re proud to open one of Lyft’s first Driver Centers in San Diego to further meet our drivers’ needs directly,” said Lyft Southern California General Manager Hao Meng. “We know that maintaining a vehicle can add up and our goal is to service drivers’ vehicles in a timely and affordable way so they can get back on the road.”

The facility at 1240 W. Morena Blvd. will be staffed by 20 vehicle service specialists, driver support and onboarding staff.

Mayor Kevin Faulconer, San Diego Regional Chamber of Commerce President and CEO Jerry Sanders and other community leaders were on hand for an opening ceremony.

The Driver Center is designed like a race car pit stop, according to the ride-hailing company, with technicians working in teams to quickly get repairs completed and drivers back on the road.

Available vehicle services include oil changes, tire rotation, and replacement of tires, brake pads, wiper blades, spark plugs, filters and batteries, along with free diagnostic assessments. While the cost of services may vary based on a vehicle’s make and model, Lyft officials said the company is working to ensure pricing is below the market average.

Lyft drivers can schedule an appointment by visiting Lyft.com/drivercenter, tapping on “Service” in their Driver app or simply walking in to the center, which will also serve as a driver hub with places to relax in between rides, access to bathrooms, Wi-Fi, coffee, lounge and work spaces.

Drivers can connect in-person with Lyft community representatives for assistance, including vehicle inspections and app support.

Lyft’s Express Drive program will also operate out of the San Diego center, connecting Lyft drivers to rental vehicles with standard maintenance and insurance coverage through rental partner Flexdrive.

Lyft recently opened similar facilities in Austin, Texas, Denver, Phoenix and San Francisco.

Related Posts:

  • No Related Posts

Avestar Capital LLC Makes New Investment in Uber Technologies Inc (NYSE:UBER)

Foundation Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $34,801,000.

Uber Technologies logoAvestar Capital LLC acquired a new stake in Uber Technologies Inc (NYSE:UBER) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 629 shares of the ride-sharing company’s stock, valued at approximately $27,000.

A number of other hedge funds have also modified their holdings of the business. Enlightenment Research LLC purchased a new stake in Uber Technologies during the second quarter valued at about $543,000. Burleson & Company LLC bought a new position in Uber Technologies in the second quarter worth about $289,000. National Asset Management Inc. bought a new position in shares of Uber Technologies during the second quarter valued at approximately $642,000. Foundation Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $34,801,000. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Uber Technologies during the second quarter valued at approximately $864,000. 45.32% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies stock traded down $0.82 during midday trading on Friday, hitting $33.25. 9,206,427 shares of the stock were exchanged, compared to its average volume of 8,745,539. The stock’s 50-day moving average price is $36.41. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.36. Uber Technologies Inc has a fifty-two week low of $30.67 and a fifty-two week high of $47.08.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.33) by ($1.39). The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the company earned ($2.01) EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies Inc will post -7.2 EPS for the current year.

Several equities research analysts recently weighed in on UBER shares. Mizuho initiated coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $50.00 price target for the company. Stifel Nicolaus began coverage on shares of Uber Technologies in a report on Tuesday, July 2nd. They issued a “hold” rating and a $50.00 target price on the stock. Needham & Company LLC set a $52.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Thursday, July 11th. Morgan Stanley decreased their price objective on shares of Uber Technologies from $57.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday. They noted that the move was a valuation call. Finally, Canaccord Genuity started coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They issued a “buy” rating and a $55.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $53.50.

Uber Technologies Profile

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

Recommended Story: What are trading strategies for the 52-week high/low?

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Uber Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Comerica Bank Makes New $587000 Investment in Uber Technologies Inc (NYSE:UBER)

Comerica Bank bought a new position in shares of Uber Technologies Inc (NYSE:UBER) in the 2nd quarter, according to its most recent Form 13F …

Uber Technologies logoComerica Bank bought a new position in shares of Uber Technologies Inc (NYSE:UBER) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,454 shares of the ride-sharing company’s stock, valued at approximately $587,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Legacy Advisors LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $26,000. Sound Income Strategies LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $28,000. Signaturefd LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $31,000. Regal Wealth Group Inc. purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $32,000. Finally, Trustcore Financial Services LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $36,000. 45.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Uber Technologies stock traded down $0.82 during trading hours on Friday, reaching $33.25. 9,206,427 shares of the company’s stock were exchanged, compared to its average volume of 8,745,539. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $36.41. Uber Technologies Inc has a 52-week low of $30.67 and a 52-week high of $47.08.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share for the quarter, missing the consensus estimate of ($3.33) by ($1.39). The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the business earned ($2.01) earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts anticipate that Uber Technologies Inc will post -7.2 EPS for the current year.

Several analysts have commented on the company. Barclays assumed coverage on Uber Technologies in a research note on Tuesday, June 4th. They set an “overweight” rating and a $50.00 price objective for the company. Daiwa Capital Markets assumed coverage on Uber Technologies in a research note on Tuesday, June 25th. They set a “neutral” rating for the company. Bank of America assumed coverage on Uber Technologies in a research note on Tuesday, June 4th. They set a “buy” rating and a $53.00 price objective for the company. Oppenheimer set a $55.00 price objective on Uber Technologies and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, BTIG Research initiated coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $80.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $53.50.

Uber Technologies Company Profile

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

Featured Story: Leveraged Buyout (LBO) Explained

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Uber Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

A reckoning for the gig economy: Why Amazon and Uber are facing new scrutiny over contract …

From package delivery to ride-hailing, companies including Amazon and Uber are facing new scrutiny over their use of contract workers to power the …
Amazon announced its Delivery Service Partner network of independent package companies at an event last year in Seattle. (GeekWire Photo / Kurt Schlosser)

From package delivery to ride-hailing, companies including Amazon and Uber are facing new scrutiny over their use of contract workers to power the services they provide to consumers.

California is poised to enact a law that would force Uber and Lyft to treat drivers like employees as part of a broader push around the country to ensure app-based workers have broader labor protections. Meanwhile, three U.S. Senators are demanding answers from Amazon about its network of contractors and independent delivery companies that get packages to customers’ doors.

We discuss the implications of these developments, and what’s next, on this new episode of the GeekWire Podcast.

Plus, a Seattle startup is aiming to upend the smartphone market with a high-quality, low-priced alternative designed to be used for twice as many years as many people use their existing phones. The inside story of Taylor Swift’s beef with Microsoft’s chatbot. And we do our best to help Alexa come up with some answers to difficult questions.

Listen to the show above, or subscribe in your favorite podcast app.

Related Posts:

  • No Related Posts

Egypt- Uber Eats celebrates 1bn orders delivered to Eaters worldwide

(MENAFN – Daily News Egypt) In less than four years, Uber Eats has delivered 1bn Eats orders to more than 500 cities around the world, all while …

(MENAFN – Daily News Egypt) In less than four years, Uber Eats has delivered 1bn Eats orders to more than 500 cities around the world, all while keeping the average delivery time under 30 minutes.

Uber Eats is changing the way people eat by making food for all occasions, in any location, available for delivery at the push of a button.

Across Europe, the Middle East, and Africa, Uber Eats partners with 60,000+ restaurants in over 250+ cities, curating the best selection of restaurants – from household names like McDonald’s to the local family-run pizzeria.

The announcement comes as data reveals that the growing food delivery market–which is expected to be worth nearly $21bn by 2023–is playing an increasingly important role in the growth of small and medium sized restaurants. For the 70% of Uber Eats restaurants that are small and medium sized businesses, food delivery is expected and accounts for an increasing proportion of their overall revenue.

Uber Eats launched in Egypt in 2018, and has expanded its operations to 13 districts across Cairo while partnering with more than 1,000 restaurants to serve local consumers.

MENAFN1409201901530000ID1099004331

Related Posts:

  • No Related Posts