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Turo, the venture-backed, peer-to-peer car rental service, reported its fourth-quarter and full-year financial performance this week in an updated IPO filing. The company first filed an S-1 to go ...
Turo Inc. is an American peer-to-peer carsharing company based in San Francisco, United States.The company allows private car owners to rent out their vehicles via an online and mobile interface in four countries (United States, Canada, United Kingdom, and Australia) [4] and new corporate owners to rent out their cars in France in addition to the four previous countries.
Turo says it generated $330.5 million in net revenue in the first nine months of 2021, a whopping 207% increase from $107.8 million for the same period in 2020. Its net losses also expanded as ...
Some car prices are finally falling, which could be helping the company cultivate a greater supply base for customer rentals. And, on the other: Turo’s unprofitability in Q1 2023 is not simply a ...
Renting a car has gotten expensive and the big rental companies may not have the car you want. Enter carsharing services, which let people rent out their cars to others who need a ride.
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