Head-To-Head Comparison: InterPrivate II Acquisition (NYSE:IPVA) vs. HyreCar (NASDAQ:HYRE)

InterPrivate II Acquisition (NYSE:IPVAGet Rating) and HyreCar (NASDAQ:HYREGet Rating) are both small-cap business services companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, analyst recommendations, risk, profitability, earnings, valuation and dividends.

Insider and Institutional Ownership

66.1% of InterPrivate II Acquisition shares are owned by institutional investors. Comparatively, 55.1% of HyreCar shares are owned by institutional investors. 14.7% of HyreCar shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Earnings & Valuation

This table compares InterPrivate II Acquisition and HyreCar’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
InterPrivate II Acquisition N/A N/A -$2.62 million N/A N/A
HyreCar $35.72 million 0.84 -$25.95 million ($0.87) -1.57

InterPrivate II Acquisition has higher earnings, but lower revenue than HyreCar.

Analyst Ratings

This is a summary of recent ratings and recommmendations for InterPrivate II Acquisition and HyreCar, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
InterPrivate II Acquisition 0 0 0 0 N/A
HyreCar 0 0 2 0 3.00

HyreCar has a consensus price target of $6.88, indicating a potential upside of 401.82%. Given HyreCar’s higher possible upside, analysts plainly believe HyreCar is more favorable than InterPrivate II Acquisition.

Profitability

This table compares InterPrivate II Acquisition and HyreCar’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
InterPrivate II Acquisition N/A -13,789.61% -0.01%
HyreCar -48.69% -598.93% -125.22%

Summary

HyreCar beats InterPrivate II Acquisition on 5 of the 9 factors compared between the two stocks.

About InterPrivate II Acquisition

(Get Rating)

InterPrivate II Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the auto-tech and mobility, business services, consumer, retail, e-commerce, industrial technology sectors. The company was incorporated in 2020 and is based in New York, New York.

About HyreCar

(Get Rating)

HyreCar Inc., together with subsidiaries, operates a web-based car-sharing marketplace in the United States. Its marketplace allows car and fleet owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California.

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