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- Turo, a leading peer-to-peer car-share company, plans to go public with an IPO date tentatively set for mid to late 2024, after initially filing with the SEC in August 2021 and facing delays due to economic conditions.
www.cheddarflow.com/blog/turo-ipo-an-investors-guide-to-the-car-sharing-phenomenon/
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Mar 8, 2024 · Turo, the venture-backed, peer-to-peer car rental service, reported its fourth-quarter and full-year financial performance this week in an updated IPO filing. The company first...
Aug 28, 2024 · Analyzing Turo IPO details, including what is Turo, Turo financials, Turo valuation, Turo IPO date, Turo competitors, opportunities & risks, and how to trade Turo IPO and Turo stock.
- Quick Financial Breakdown
- Risk Factors
- Opportunities and Growth
First let’s take a look at the financials. In 2020, Turo generated net revenue of $149.9 million in 2020, a 6% growth from the previous year, according to the S-1. Net losses were $97.1 million in 2020, a slight improvement from the $98.6 million in net losses it had in 2019. Turo points to a couple of drivers of its revenue growth, notably a digit...
Risk factors facing the company include the obvious “what if people don’t use Turo” and “we face competition” from similar apps and traditional car rental companies. But a few others stick out. For one, Turo notes that the COVID-19 pandemic added volatility to its business. The company was forced to layoff staff and even closed its operations in Ge...
Despite potential risks, Turo estimates its current serviceable addressable market to be $146 billion and its total addressable market to be $230 billion. “We estimate that our $230 billion TAM includes $134 billion in North America, $65 billion in Europe, and $31 billion in the rest of the world (which consists of selected countries in which we be...
Aug 9, 2024 · Turo has yet to set an estimated price range for its IPO, but the profit it posted for the first six months of 2024 illustrates to prospective IPO investors that its business is generating...
Jan 18, 2024 · Founded in 2009 and initially known as RelayRides, Turo rebranded to its current name in 2016. The platform allows car owners (hosts) to rent out their vehicles to others (guests), offering an array of car types, including luxury and exotic models.
Mar 27, 2023 · Late last week, Turo, a startup that allows consumers to rent their cars to one another, updated its IPO filing to include full-year data from 2022, giving us a better understanding of its...
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