Huge News for Lyft Stock Investors

The market counted out Lyft (NASDAQ: LYFT) for years, with investors favoring ridesharing leader Uber Technologies instead. Now, Lyft is beginning to mount a comeback, with its stock actually beating the returns of Uber year to date. Why? Lyft has begun to claw back some market share in the United States while at the same time it has flipped to generating positive free cash flow.On Sept. 17th, Lyft announced a new partnership with premier self-driving car company Waymo in Nashville. This is a large development for Lyft's business as it tries to navigate the potential opportunities and disruptions of autonomous vehicles. Here's the skinny on Lyft's new partnership and whether the stock is a buy for your portfolio today. As a self-driving platform, Waymo has steadily expanded to new cities around the country. In some -- such as Austin and Atlanta -- Waymo has partnered with Uber to manage its ridesharing operations. In Nashville, it will be partnering with Lyft to manage its fleet of vehicles. Self-driving cars do not have people operating them, and therefore need to be stored at a company-owned location for maintenance, cleaning, and recharging.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool