HyreCar is a car-sharing marketplace that allows car owners (collectively, Owners) to rent their cars to ride-sharing service drivers (collectively, Drivers). Co.'s business is based on a proprietary car-sharing marketplace developed to: onboard Owners and Drivers; facilitate the matching of Owners and Drivers; and log rental activity for Owners and Drivers. Transactions related to the rental (including background checks and rentals) are run through the HyreCar platform. Drivers and Owners access their rental or car dashboards through a login. Drivers can initiate, terminate or extend a rental through the platform while Owners can manage their car or fleet of cars through the platform. The HYRE average annual return since 2018 is shown above.
The Average Annual Return on the HYRE average annual return since 2018 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether HYRE average annual return since 2018 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the HYRE average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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