Comparing SP Plus (SP) and HyreCar (HYRE)

HyreCar (NASDAQ:HYRE) and SP Plus (NASDAQ:SP) are both small-cap transportation companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, earnings, dividends, analyst recommendations, risk, valuation and institutional ownership.

Analyst Recommendations

This is a breakdown of current recommendations and price targets for HyreCar and SP Plus, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HyreCar 0 1 0 0 2.00
SP Plus 0 0 2 0 3.00

HyreCar currently has a consensus price target of $4.00, suggesting a potential upside of 109.42%. SP Plus has a consensus price target of $45.50, suggesting a potential upside of 52.28%. Given HyreCar’s higher probable upside, equities research analysts plainly believe HyreCar is more favorable than SP Plus.

Profitability

This table compares HyreCar and SP Plus’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
HyreCar N/A N/A N/A
SP Plus 3.50% 14.51% 6.42%

Insider and Institutional Ownership

0.7% of HyreCar shares are held by institutional investors. Comparatively, 97.6% of SP Plus shares are held by institutional investors. 1.0% of SP Plus shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares HyreCar and SP Plus’ revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
HyreCar $3.22 million 6.95 -$4.27 million N/A N/A
SP Plus $1.59 billion 0.43 $41.20 million $1.70 17.58

SP Plus has higher revenue and earnings than HyreCar.

Summary

SP Plus beats HyreCar on 9 of the 11 factors compared between the two stocks.

HyreCar Company Profile

HyreCar Inc. operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with DriveItAway and the PassTime to deliver dealer-focused vehicle tracking and inventory management solution. HyreCar Inc. was founded in 2014 and is headquartered in Los Angeles, California.

SP Plus Company Profile

SP Plus Corporation provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in the United States, Puerto Rico, and Canada. It provides facility maintenance, event logistics, security services, training, scheduling, and supervising of service personnel; and customer services, marketing, and accounting and revenue control functions to facilitate the operation of its clients' facilities or events. The company also offers a range of ancillary services, such as airport and municipal shuttle operations, valet services, and municipal meter revenue collection and enforcement services; ground transportation services, such as taxi and livery dispatch, concierge-type ground transportation information, and support services for arriving passengers; and remote parking management services. In addition, it provides facility maintenance services, including power sweeping and washing, painting and general repairs, and cleaning and seasonal services; and multi-platform marketing services comprising SP+ branded Websites offering clients a platform for marketing their facilities, mobile apps, search marketing, email marketing, and social media campaigns. The company serves private and public owners, managers, and developers of office buildings, residential properties, commercial properties, shopping centers, other retail properties, sports and special event complexes, hotels, and hospitals and medical centers. As of December 31, 2017, it managed 3,623 parking facility locations containing approximately 2.0 million parking spaces in 350 cities; operated 76 parking-related service centers serving 70 airports; operated a fleet of approximately 700 shuttle buses; and operated 738 valet locations. The company was formerly known as Standard Parking Corporation and changed its name to SP Plus Corporation in December 2013. SP Plus Corporation was founded in 1929 and is based in Chicago, Illinois.

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