HyreCar Misses Q3 EPS by 7c
- ByInvesting.com
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HyreCar Inc. operates a Web-based marketplace that allows car and fleet owners to rent their cars to Uber, Lyft and other gig economy service drivers. The Company operates in the car-sharing marketplace for ride-sharing through its proprietary marketplace platform. The Company has established a presence in Transportation-as-a-Service (TaaS) through vehicle owners and institutions, such as franchise car dealerships, independent car dealerships and rental car companies, which have been disrupted by automotive asset sharing. It is based in Los Angeles, California and car owners and drivers use the platform nationwide. The Company operates through a single segment, Rental, which consists primarily of its vehicle rental operations in the United States.