Uber Technologies (UBER) closed at $93.1 in the latest trading session, marking a +2.42% move from the prior day.
Uber founder Travis Kalanick is looking for ways to buy the U.S. arm of Chinese autonomous vehicle company Pony.ai, according to The New York Times. Kalanick is reportedly working with investors to finance an acquisition, and Uber may even help make the transaction happen, the Times reports.
The ride-hailing company is in talks to help Mr. Kalanick, who was forced out in 2017, purchase an autonomous vehicles start-up as robot taxi service Waymo gains momentum.
Uber's upfront pricing strategy could have powered its financial turnaround, a new study found. The approach has come at the expense of ride-hailing drivers' pay, the study said.
In a big week for robotaxi bulls, Uber Technologies NYSE: UBER and Tesla NASDAQ: TSLA officially began their automated ride-sharing operations in two key geographies. Both these names saw strong gains in their shares as a result.
UBER expands its robotaxi push with Waymo in Atlanta, betting on partnerships to scale self-driving rides fast.
Uber delivered double-digit growth in both trips and revenue in Q1 2025, with adjusted EPS beating estimates by a wide margin and margin expansion across both Mobility. Continued strength in user engagement, rising Uber One adoption, and healthy trip and booking trends are expected to drive steady revenue growth in FY25. Operational leverage from higher scale and easing insurance cost inflation should support further margin expansion in FY25 and beyond.
With their stocks trading near 52-week highs, Uber Technologies (UBER) and Avis Budget Group (CAR) helped lead Tuesday's broader market rally.
Uber Technologies on Tuesday is beginning autonomous ride-hailing in Atlanta with Alphabet unit Waymo after offering the service in Austin, Texas, since March.
Waymo robotaxis can now be hailed in Atlanta via Uber. The two companies, which already offer the “Waymo on Uber” service in Austin, said on Tuesday the commercial service will initially cover about 65 square miles in Atlanta.
Uber offers solid value with a reasonable P/E ratio and solid fundamentals, making it attractive compared to other tech stocks in today's market. AI initiatives present significant upside potential, but I view them as a bonus rather than the core investment thesis for Uber at this stage. Uber's strategic investments in Grab and Aurora Innovations provide diversification and exposure to high-growth Southeast Asian markets and autonomous tech.
Uber has transitioned into a structurally profitable tech leader, with strong cash flows and dominant positions in ride-sharing and delivery. The company's long-term growth is driven by investments in AI and autonomous vehicles, positioning Uber as a mobility and data infrastructure platform. Despite regulatory and competitive risks, Uber's scale, operational efficiency, and platform effect support its resilience and justify its premium valuation.