Turo IPO date and ticker symbol
Turo IPO date is to be announced. The company ticker symbol or stock code is TURO.
Turo IPO date is to be announced. The company ticker symbol or stock code is TURO.
Turo is a car-sharing marketplace serving customers in the United States, United Kingdom, Canada, Australia and France. It's often called the Airbnb for cars. It's a competitor to traditional car-sharing services with some rentals as cheap as $26 per day. The company, founded in June 2010, fares well with customers and boasts a 4.5 rating on Trustpilot.
Once Turo goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
November 12, 2024: Mullen Automotive announces that its Class 1 EV cargo van, the Mullen ONE, is now available for rental on Turo. The initial pilot launch is in Jacksonville, Florida, through Parasol Strategic Solutions, with a second pilot planned for Baltimore, Maryland, according to Stock Titan.
October 31, 2024: Uber announced results of its third quarter 2024. Gross Bookings grew 16% year-over-year and 20% year-over-year on a constant currency basis. Uber partnered with Turo earlier this year, according to Business Wire.
October 29, 2024: Car-sharing platform Turo announced a partnership with CrashBay, a digital marketplace for collision and car repair solutions, according to Auto Service World.
Turo filed a draft registration with the US Securities and Exchange Commission under the ticker symbol TURO. Not yet an official IPO, it's one of the first steps of taking a private company public.
There's no news yet about how much the stock will cost when it goes public. No date has been set for when the stock will be publicly available. The shares will be available on the New York Stock Exchange.
Turo is a peer-to-peer car-sharing marketplace that connects private car owners with travelers in need of a vehicle. Founded in 2010, Turo is available in over 7,500 cities across the US, Canada and the UK. According to the S-1 filing, it currently has 1.3 million active guests and has seen 114% year-over-year growth in users renting cars through its platform.
In 2020, Turo generated $149.9 million in net revenue, up 6% from 2019, and reported a net loss of $97.1 million, down from $98.6 million the year before.
For the first nine months of 2021, Turo reported net revenue of $330.5 million. This is up 207% from the $107.8 million reported in the same period in 2020.
But the company did see its net losses increase year over year. Turo reported a net loss of $129.3 million, compared to $51.7 million for the same period in 2020.
Triller filed an S-1 in August 2023, seeking to directly list on the New York Stock Exchange. It filed for a listing of its Class A common stock stating $380 million in capital with 550 million users. The company boasted $48 million in revenue in 2022.It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Turo stock.
See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
The $500 Axos Bank bonus is now expired, but you can still earn $50 per qualifying referral, plus up to $400 with a new business account.
Find out if Priority Plus Financial’s advertised loans are worth it or just a sales hook.
Where to get a holiday loan in 2024 and whether it makes sense for you.
Modak has no monthly fee, but it’s slim on features. Greenlight starts at $5.99 but is a value for big families.
Get the capital your business needs to grow with repayments that adapt to your revenue.
We’ve compared the best cash advance apps for quick cash — find the right one for your needs.
A review of Beyond Finance, a company that offers debt settlement and consolidation loans.
1. Make a budget 2. Create a savings plan 3. Automate savings 4. Pay yourself first 5. Use a high-yield account 6. Do a savings challenge…
To save $10K: 1. Automate savings 2. Invest 3. Budget 4. Open a high-yield savings account 5. Cut down on spending 6. Pay off debt…
A review of Arrowhead Advance, a tribal lender that charges interest rates up to 830% and has numerous bad reviews.