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Is Lyft Stock a Buy Now?

TheMotleyFool

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Is Lyft Stock a Buy Now?: https://g.foolcdn.com/editorial/images/720450/passenger-ride-hailing.jpg

Lyft's (NASDAQ: LYFT) stock price plummeted 36% on Feb. 10 after it posted its fourth-quarter earnings report. The transportation, vehicle rental, and delivery service provider's revenue rose 21% year over year to $1.2 billion, which exceeded the high end of its own guidance.

However, its adjusted earnings before interest, taxes, depreciation (EBITDA) loss widened from $48 million to $248 million. That steeper loss was mainly caused by a revision to its EBITDA calculations (the addition of insurance reserves, or the cash it sets aside to pay for insurance expenses) to comply with new Securities and Exchange Commission (SEC) regulations.

Image source: Getty Images.

Source Fool.com

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