Lyft Inc.’s Chief Financial Officer Erin Brewer sold 15,000 Class A common shares on August 24, 2026, for a total of $264,399, according to regulatory filings.
The disposition was executed under a prearranged Rule 10b5-1 trading plan adopted by Brewer on March 13, 2026. Shares changed hands at a weighted average price of $17.6266, within a range of $17.42 to $17.82 per share. At the time of the transaction, Lyft’s stock was valued at $17.39.
Brewer retains direct ownership of 857,141 Class A shares and an additional 852,303 shares held indirectly through the Erin M. Brewer 2022 Trust, where she serves as trustee.
Lyft’s Class A shares have appreciated approximately 26% over the past six months. InvestingPro data shows the company trading at a price-to-earnings ratio of 2.42.
The CFO’s sale follows Lyft’s second-quarter 2026 results, which reported revenue of $1.84 billion, beating Wall Street expectations of $1.81 billion. Gross bookings increased 23% year-over-year to $5.50 billion, while active users surpassed 30 million for the first time. Earnings per share came in at $0.13, missing the consensus estimate of $0.15, though adjusted EBITDA reached $177 million, exceeding forecasts.
Analysts have adjusted price targets following the earnings release. BofA Securities raised its target to $18 from $17 while maintaining an Underperform rating. UBS lifted its target to $17 from $16 and kept a Neutral rating. RBC Capital maintained an Outperform rating with a $20 target.
