The analysis focuses on Lyft's stock performance. Lyft's stock is up almost 20% year-to-date. The analyst states that in early 2025, he rated Lyft stock as a buy and is happy about the company's recent financial performance, which outperformed S&P and Nasdaq. The analysis points out that the latest quarterly results showed that gross bookings grew to $4.5 billion, an increase of 12% year-over-year and revenue of $1.6 billion, up 11% year-over-year. Adjusted EBITDA margin is stated to be at 2.9%, up from 2.6%. They show that cash flow operations jumped to $344 million from $276 million. On revenue, they have a cash flow operations-to-sales ratio of nearly 25%, which is continuously improving. Lyft has been able to use its cash flow to repurchase around 12 million shares worth approximately $200 million. Lyft forward P/E trading at 11.76 and provides an updated proprietary DCF calculation that gives a fair value for LYFT at $17.38. A general analysis on a long potential of outperforming in the stock market.