Getaround, Inc. (GETR) | Investment Case

1. Company Snapshot

1.a. Company Description

Getaround, Inc.operates an online marketplace for peer-to-peer car sharing.The company offers Getaround, a digital carsharing marketplace connects guests who want instant access to cars nearby 24/7 for a variety of use cases.

It rents convertibles, minivan, luxury, cargo van, SUV/jeep, coupe/sedan, pickup truck, and hatchback/wagon.Getaround, Inc.was incorporated in 2009 and is based in San Francisco, California.

Show Full description

1.b. Last Insights on GETR

Getaround, Inc.'s recent performance has been negatively impacted by ongoing legal issues surrounding the fairness of its acquisition by InterPrivate II Acquisition Corp. Multiple law firms have initiated investigations into the matter, raising concerns about potential harm to stockholders and inadequate disclosure of material facts. The constant stream of investigation announcements has likely created uncertainty and negatively impacted investor sentiment, weighing on the company's prospects.

1.c. Company Highlights

Last Price	0.0
Change Percentage	-50.00%
Open	0.0
Previous Close	0.0
Market Cap ( Millions)	0
Volume	1642
Year High	0.06
Year Low	0.0
M A 50	0.0
M A 200	0.01

FCF Yield	-347572.02%
Dividend Yield	0.00%
ROE	81.79%
Debt / Equity	-363.37%
Net Debt / EBIDTA	-267.87%
Price To Book	-0.0
Price Earnings Ratio	-0.0
Price To FCF	-0.0
Price To sales	0.0
EV / EBITDA	-2.68

2. Transcript Summary

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3. NewsRoom

Getaround abruptly shuts down US car-sharing operations

Feb -13

Source: techcrunch.com

Getaround, Inc. Announces Wind-Down of U.S. Operations

Feb -12

Source: globenewswire.com

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into Getaround, Inc.

Feb -07

Source: accessnewswire.com

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into Getaround, Inc

Feb -06

Source: accessnewswire.com

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into Getaround, Inc.

Feb -05

Source: accessnewswire.com

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into Getaround, Inc.

Feb -04

Source: accessnewswire.com

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Initiates Investigation into Getaround, Inc

Feb -03

Source: accessnewswire.com

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into Getaround, Inc

Jan -31

Source: accessnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.95%)

6. Segments

Peer-to-peer Car-sharing Service

Expected Growth: 8%

Increasing urbanization and environmental concerns drive demand for car-sharing services. Getaround's peer-to-peer model reduces costs and increases convenience, appealing to millennials and Gen Z. Expanding to new cities, strategic partnerships, and investments in technology (e.g., keyless entry) further fuel growth.

Lease

Expected Growth: 6%

Getaround's 6% growth is driven by increasing adoption of car-sharing services, expansion into new markets, and strategic partnerships. Rising urbanization and environmental concerns also contribute to the growth, as consumers seek alternative transportation methods. Additionally, Getaround's user-friendly platform and competitive pricing strategy attract a growing customer base.

7. Detailed Products

Getaround Connect

A hardware device that allows car owners to rent out their vehicles securely and conveniently.

Getaround Marketplace

A peer-to-peer car sharing platform that connects car owners with renters.

Getaround On-Demand

A car sharing service that provides renters with instant access to vehicles.

Getaround for Business

A car sharing solution for businesses, providing employees with access to vehicles for work-related trips.

Getaround API

A developer platform that allows partners to integrate Getaround's car sharing technology into their own applications.

8. Getaround, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Getaround's car-sharing service is unique, but there are substitutes like public transportation, biking, or walking. However, the convenience and flexibility of Getaround's service make it a preferred choice for many users.

Bargaining Power Of Customers

Getaround's customers have some bargaining power due to the availability of alternative transportation options. However, the company's user-friendly platform and competitive pricing reduce the bargaining power of customers.

Bargaining Power Of Suppliers

Getaround's suppliers are primarily car owners who list their vehicles on the platform. The company's large user base and competitive pricing give it bargaining power over suppliers.

Threat Of New Entrants

The car-sharing market is growing, and new entrants may pose a threat to Getaround's market share. However, the company's established brand and large user base provide a competitive advantage.

Intensity Of Rivalry

The car-sharing market is highly competitive, with several established players. Getaround competes with companies like Zipcar, Car2Go, and Maven, which increases the intensity of rivalry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	95.41%
Debt Cost	3.95%
Equity Weight	4.59%
Equity Cost	9.61%
WACC	4.21%
Leverage	2076.40%

11. Quality Control: Getaround, Inc. passed 5 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

CoreCard

A-Score: 5.1/10

Value: 3.7

Growth: 5.7

Quality: 7.4

Yield: 0.0

Momentum: 10.0

Volatility: 4.0

1-Year Total Return ->

Paycor HCM

A-Score: 5.0/10

Value: 2.8

Growth: 7.7

Quality: 5.2

Yield: 0.0

Momentum: 9.5

Volatility: 5.0

1-Year Total Return ->

Fastly

A-Score: 4.2/10

Value: 6.5

Growth: 5.9

Quality: 3.7

Yield: 0.0

Momentum: 7.0

Volatility: 2.3

1-Year Total Return ->

SoundHound AI

A-Score: 4.0/10

Value: 6.0

Growth: 4.3

Quality: 3.9

Yield: 0.0

Momentum: 9.5

Volatility: 0.3

1-Year Total Return ->

NextPlat

A-Score: 3.7/10

Value: 9.2

Growth: 5.6

Quality: 4.2

Yield: 0.0

Momentum: 2.0

Volatility: 1.0

1-Year Total Return ->

Getaround

A-Score: 3.4/10

Value: 10.0

Growth: 5.0

Quality: 5.4

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

11.40%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

4.21%

Getaround, Inc. - US37427G1013

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on GETR

1.c. Company Highlights

Cheaper

More Volatile

Weak Momentum

Earnings Miss

Revenues Miss

Earnings Beats

Revenues Beats

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.95%)

6. Segments

Peer-to-peer Car-sharing Service

Expected Growth: 8%

Lease

Expected Growth: 6%

7. Detailed Products

Getaround Connect

Getaround Marketplace

Getaround On-Demand

Getaround for Business

Getaround API

8. Getaround, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Getaround, Inc. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.0$

Current Price

0.0$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA