If You Had Invested $100 in Lyft Stock 1 Year Ago, Here's How Much You Would Have Today

• Lyft has produced treble the instrumentality of the S&P 500 implicit the past year.

• The ride-hailing service's cardinal metrics person shown large improvement.

• 10 stocks we similar amended than Lyft ›

The holidays are astir upon us, and the extremity of the twelvemonth is coming soon. While that typically means bully household dinners and presents, it's besides a bully clip to bespeak connected investments. Specifically, you tin spot however definite stocks person done implicit the past year. It's a amusive workout and tin supply clues into the future.

So, however would you person fared if you'd invested $100 successful the ride-sharing institution Lyft (NASDAQ: LYFT)?

Lyft's banal gained 28% implicit the past year, done Nov. 19. It's instructive to comparison that to a wide U.S. banal marketplace index, specified arsenic the fashionable S&P 500, which returned 13.7%.

The stock's outperformance means you would person much wealth than if you had invested passively successful the S&P 500. A $100 concern successful Lyft's shares a twelvemonth agone is worthy $128; the aforesaid magnitude invested successful the scale would person turned into astir $114.

Things person surely been going good for Lyft lately. In the 3rd quarter, bookings and progressive riders grew 16% and 18% twelvemonth implicit year, respectively. That helped thrust gross up by 11%.

The ride-hailing marketplace consists of 2 large companies, marketplace person Uber Technologies and Lyft. That means the second faces constricted contention close now.

But exertion changes rapidly. Lyft has been adapting by entering into partnerships, including 1 with Alphabet's Waymo. With improving financials and partnerships, Lyft appears poised to proceed delivering beardown shareholder returns.

Before you bargain banal successful Lyft, see this:

The Motley Fool Stock Advisor expert squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and Lyft wasn’t 1 of them. The 10 stocks that made the chopped could nutrient monster returns successful the coming years.

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