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3 days ago · Turo, the world's largest peer-to-peer car sharing marketplace, today announced over 70 key product updates that further strengthen the company's position as the car sharing leader, as it works to ...
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 filed an S-1 to...
Skip the car rental counter and rent anything from daily drivers to pickup trucks, from trusted, local hosts on the Turo car rental marketplace.
- 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...
Jun 13, 2023 · Turo swung to an operating loss of $11.4 million from an operating profit of $3.9 million last year. Net loss widened to $23.9 million from a loss of $7 million a year earlier. If Turo was...
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Jan 10, 2022 · 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...
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related to: turo (company) new9.0/10 (40577 reviews)
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