How much do you make on Turo?
Turo Stock turo.com Transportation Founded: 2009 Funding to Date: $497.56MM Turo is the developer of a peer-to-peer car sharing marketplace designed to allow users to book any car they want, wherever you want it, from a vibrant community of trusted hosts.
What is Turo and how does it work?
News TuroTURO. No significant news for TURO in the past two years. The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by ...
How many users does Turo have?
Jan 12, 2022 · 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.
Is Turo a good way to pay for a car?
Apr 19, 2022 · Toro's stock was trading at $69.57 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TTC stock has increased by 22.8% and is now trading at $85.41. View which stocks have been most impacted by COVID-19.
Is Turo a publicly traded stock?
Image Credits: Turo Peer-to-peer car-sharing startup Turo has released its filing to become a publicly traded company in the United States, a process the company began confidentially in August. The S-1 document filed Monday with the U.S. Securities and Exchange Commission does not include terms for its offering.Jan 10, 2022
Can I buy Turo stock?
To participate in Turo IPO you need to use an IPO investing app like Freedom Finance (NASDAQ: FRHC), TD Ameritrade or Fidelity. They give its customers access to IPOs and secondary offerings through their existing brokerage account. Also you can buy Turo shares when the company goes public via a trading app like eToro.Jan 14, 2022
What is the value of Turo?
In July 2019, the American holding company IAC invested $250 million in Turo, a deal that valued the company at more than $1 billion. As of 2020, the website has 14 million members and 450,000 vehicles listed operating in over 56 countries.
Will Turo go public?
Car-sharing site Turo becomes first major IPO filing for 2022 following a record year for new stock issues.Jan 11, 2022
Who owns Turo car rental?
10th anniversary discussion with Turo founders In honor of the 10th anniversary of Turo, CEO Andre Haddad recently hosted a discussion with three other leaders who've been with Turo since the beginning. Starting a company is always hard, and starting a marketplace adds further unique obstacles and opportunities.Aug 18, 2020
Is Turo a profitable company?
In contrast, Turo, which has never been profitable, saw its profit picture worsen last year. The company generated $129.3 million in net losses for the first nine months of the year, compared to a net loss of $97.1 million in 2020 and $98.6 million in 2019.Jan 24, 2022
How does Turo make money?
So, how does Turo make money? They take a cut of your trip price as follows depending on the Turo insurance and support package you choose: Premium package: 35% (you keep 65% of the fees) Standard package: 30% (you keep 70% of the fees)Jan 10, 2022
Who is the CEO of Turo?
Andre Haddad (Sep 2011–)Turo / CEO
What we know about the Turo IPO
How to buy shares in Turo when it goes public
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.
Finder's picks for buying Turo when it goes public
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.
How do similar companies perform?
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It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Turo can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
What is the dividend payout ratio of Toro?
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When did Toro split?
The Toro does not yet have a strong track record of dividend growth. The dividend payout ratio of The Toro is 34.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Toro will have a dividend payout ratio of 26.99% next year.
Turo IPO: About the Company
The Toro shares split on the morning of Monday, September 19th 2016. The 2-1 split was announced on Thursday, August 18th 2016. The newly issued shares were payable to shareholders after the closing bell on Friday, September 16th 2016. An investor that had 100 shares of The Toro stock prior to the split would have 200 shares after the split.
Turo Capitalizing on Large Market Opportunity
Turo is one of the world’s largest car-sharing marketplaces. It offers peer-to-peer lending services for vehicles. A host can create a listing for vehicles, adjust their availability and change their prices based on demand. Then, through the platform, guests can book any car they want, whenever and wherever they want it, from a community of hosts.
Turo IPO Financial Information
Drilling into the filing, the company said that it is “pioneering a new category of transportation .” It’s no secret that cars are the preferred method of transportation. However, Turo highlights that peer-to-peer sharing of the vehicles offers a convenient, cheap and “environmentally and socially responsible” method to driving.
Turo IPO Filing Details
Detailed financial information is in the Turo IPO prospectus, allowing you to gain more insight into the company’s finances. Furthermore, if you’re in the market for TURO stock, let’s look at the details.
How much does Turo charge for maintenance?
Turo began its public debut process confidentially in August. However, the S-1 document just became available to the public.
What is Turo car?
Turo has strict maintenance requirements for vehicles. Disregarding Turo’s maintenance policy can result in a $100 fee plus a $200 roadside fee if roadside assistance is required for the driver. Check out the full breakdown of Turo’s host fees.
How many cities does Turo operate in?
Turo is a leading peer-to-peer (P2P) car sharing marketplace owners can use to book vehicles for short durations. According to Turo, the company has a network of over 14 million users. At the time of writing, the site has more than 450,000 vehicles listed, with over 850 unique makes and models to choose from.
Where is Turo rental?
Turo is active in more than 5,500 cities across the United States, Canada, and the United Kingdom, making it a great option for people with cars in more than one location or when traveling to different locations.
What do you need to list a vehicle on Turo?
Turo is popular in heavily populated cities like Los Angeles and San Diego, California, Chicago, Illinois, Denver, Colorado, Tampa, Florida, and New York City.
Can you list more than one car on Turo?
The company needs to see a driver’s license, home address, the last four digits of your Social Security Number, and a recent photo.
Can you duplicate a VIN number on Turo?
While Turo restricts listing cars with the same VIN, it doesn’t stop users from entering more than one car. Users can choose how many cars to share on the platform, providing a scalable rental service for folks who own multiple cars and can list a whole fleet on Turo.
