Lyft Reports Third-Quarter Revenue Up 11.6% to $1.69B but EPS Misses by $0.17

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Lyft reported Q3 revenue of $1.69 billion, up 11.6% year-over-year, and missed EPS expectations at $0.13 versus a $0.30 consensus. Cerity Partners increased its Lyft stake by 22.6% to 675,876 shares worth $14.88 million, while insiders sold 187,443 shares valued at $4.18 million.

1. Institutional Stake Expansion by Cerity Partners LLC

During the third quarter, Cerity Partners LLC increased its position in Lyft by 22.6%, acquiring an additional 124,736 shares to bring its total holdings to 675,876 shares. This stake represents 0.17% of Lyft’s outstanding shares and was valued at approximately $14.88 million at the end of the period. The quarter also saw several other asset managers initiate or augment their positions: Robeco Institutional Asset Management B.V. established a new stake worth $386,000, Kercheville Advisors LLC added shares valued at $836,000, Earned Wealth Advisors LLC boosted its holding by 4.8% to reach 19,164 shares, Brookwood Investment Group LLC initiated a $412,000 position, and True Wealth Design LLC increased its stake by 30.4% to 7,223 shares. Overall, institutional and hedge fund ownership accounts for over 83% of the company’s equity.

2. Insider Sales and Ownership Changes

In December, two board directors reduced their Lyft holdings through separate transactions. Director David Lawee sold 6,578 shares, representing a 5.92% reduction in his individual stake, while Director Prashant Aggarwal divested 96,900 shares, a 9.98% decrease in his holdings. Across all insiders, 187,443 shares were sold during the quarter, and company executives and directors now collectively own 3.07% of the outstanding shares. These disclosures were reported in official filings with the Securities and Exchange Commission.

3. Analyst Ratings and Consensus

Of the 36 research firms covering Lyft, eleven maintain a Buy recommendation, twenty-three have assigned a Hold rating, and two carry a Sell rating. This distribution yields an overall consensus leaning toward a Hold view. Over the past quarter, several analysts issued updated reports: one major firm revised its outlook to neutral after adjusting forecasts, another reaffirmed a Buy stance based on ride-sharing market dynamics, and a third highlighted steady revenue growth as a supporting factor. Analysts project that Lyft will deliver earnings per share of approximately $0.22 for the full fiscal year, reflecting continued top-line expansion and margin improvements.

Sources

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