Getaround (GETR) AI Stock Analysis

• Market Cap: $466.55K
• Dividend Yield: N/A
• Average Volume (3M): 139.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.13
• Revenue Growth: 12.43%
• EPS Growth: 23.50%
• Country: US
• Employees: 290
• Sector: Technology
• Sector Strength: 90
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 97,197,680
• 10 Day Avg. Volume: 355,647
• 30 Day Avg. Volume: 139,693
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.03
• Enterprise Value/Market Cap: 198.67
• Enterprise Value/Revenue: 0.30
• Enterprise Value/Gross Profit: 43.31
• Enterprise Value/Ebitda: -0.29
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: ―

Getaround, Inc. presents a challenging investment case. While there is positive revenue growth, significant risks stem from negative profitability, high leverage, and liquidity issues. Technical analysis shows some upward momentum, but valuation metrics highlight profitability concerns. The stock requires careful consideration given its financial instability and mixed technical signals.

Getaround Business Overview & Revenue Model

Company Description

Getaround, Inc. operates an online marketplace for peer-to-peer car sharing. The company offers Getaround, a digital carsharing marketplace connects guests who want instant access to cars nearby 24/7 for a variety of use cases. It rents convertibles, minivan, luxury, cargo van, SUV/jeep, coupe/sedan, pickup truck, and hatchback/wagon. Getaround, Inc. was incorporated in 2009 and is based in San Francisco, California.

How the Company Makes Money

Getaround makes money through a commission-based revenue model. The company charges a percentage fee on each rental transaction facilitated through its platform. This fee is deducted from the total rental cost paid by the renter. Additionally, Getaround may offer optional insurance and protection plans for renters, which can also contribute to its revenue. Key partnerships with automotive and technology companies can enhance its service offerings and provide strategic advantages in expanding its market presence, although specific partnership details are null.

Getaround Financial Statement Overview

Summary

Getaround, Inc. is experiencing revenue growth, but faces significant profitability, liquidity, and leverage challenges. With negative equity and margins, the company needs strategic improvements to enhance financial stability.

Income Statement

Getaround, Inc. shows a consistent increase in revenue over the years, with a 5.76% revenue growth from the previous year, indicating a positive growth trajectory. However, the company is struggling with profitability, as evidenced by negative EBIT and net income. The gross profit margin is low at 2.78% for the TTM, reflecting challenges in cost management or pricing strategy. The net profit margin remains negative, indicating that despite revenue growth, the company is not achieving profitability.

Balance Sheet

The balance sheet reflects a concerning financial position with negative stockholders' equity, indicative of accumulated losses exceeding shareholder investments. The debt-to-equity ratio cannot be calculated due to negative equity, posing a risk if creditors demand repayment. The equity ratio is negative, further emphasizing the company's high leverage and financial instability.

Cash Flow

The cash flow statement highlights significant challenges, with a negative free cash flow indicating that operating cash flows are insufficient to cover capital expenditures. However, there is a slight improvement in operating cash flow to net income ratio, suggesting potential efficiency improvements in operations. The free cash flow to net income ratio remains negative, pointing to ongoing liquidity concerns.

Breakdown	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	72.68M	59.45M	63.07M	58.73M
Gross Profit	7.19M	53.88M	57.02M	51.43M
EBITDA	-85.35M	-120.75M	-100.35M	-150.09M
Net Income	-113.95M	-136.06M	-120.06M	-165.06M
Balance Sheet
Total Assets	161.14M	205.42M	226.94M	247.99M
Cash, Cash Equivalents and Short-Term Investments	15.62M	64.29M	62.52M	49.88M
Total Debt	80.61M	81.55M	118.64M	35.27M
Total Liabilities	158.02M	135.92M	628.16M	525.49M
Stockholders Equity	3.12M	69.50M	-401.22M	-277.50M
Cash Flow
Free Cash Flow	-61.33M	-135.88M	-82.55M	-150.30M
Operating Cash Flow	-56.12M	-132.53M	-81.05M	-149.93M
Investing Cash Flow	-12.92M	-3.35M	-1.09M	416.00K
Financing Cash Flow	16.59M	138.16M	85.97M	150.53M

Getaround Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GETR, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 45.00 is Neutral, neither overbought nor oversold. The STOCH value of 54.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GETR.

Getaround Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UBER	85 Outperform	$190.02B	15.92	74.39%	―	17.60%	758.07%
TSLA	78 Outperform	$984.73B	177.11	8.43%	―	-2.73%	-51.64%
LYFT	72 Outperform	$6.05B	105.89	8.56%	―	27.32%	―
Sector *	63 Neutral	$34.70B	5.15	-11.38%	1.67%	5.54%	-17.15%
CAR	57 Neutral	$7.30B	8.26	78.26%	―	-2.78%	-296.07%
HTZ	57 Neutral	$2.37B	―	-244.63%	―	-6.61%	-1516.07%
GETR	44 Neutral	$466.55K	―	275.16%	―	12.43%	23.50%