New York, Feb 24, 2026, 05:00 EST — Premarket
- Uber shares were higher in early premarket trade after it agreed to buy parking app SpotHero.
- The company also rolled out “Uber Autonomous Solutions,” a services bundle for robotaxi partners.
- Investors are watching whether the moves lift engagement without adding near-term cost pressure.
Uber Technologies shares rose about 2.5% to $72.50 in early premarket trading on Tuesday. (Market Chameleon)
The bounce comes as Uber stacks new products onto its core ride-hailing and delivery business. Parking is a daily use case, and it also keeps users in the app even when they drive.
It also lands after a rough Monday for risk assets, when Uber closed down 4.25% at $70.72 as the Nasdaq slid and volume in Uber ran above its recent average. (MarketWatch)
Late Monday, Uber said it had reached an agreement to acquire SpotHero, bringing parking reservations into the Uber app. Financial terms were not disclosed, and Uber said it expects the deal to close in the first half of 2026, subject to regulatory approval and other customary conditions. (Uber)
SpotHero operates in more than 400 cities in the U.S. and Canada and connects drivers to parking at more than 13,000 garages, lots and valet locations, Uber said. It plans to start with commuters, events and airports, and add benefits for Uber One members over time. (Uber)
“We’ve built Uber around giving people more ways to get around without needing a car,” CEO Dara Khosrowshahi said, adding that SpotHero inside Uber would “bring more people into the Uber ecosystem.” SpotHero CEO Mark Lawrence said the tie-up would take its network to “millions more drivers.” (Uber)
Uber also announced “Uber Autonomous Solutions,” pitching itself as an operating layer for autonomous-vehicle partners — from mapping and training data to fleet tools and customer support. “Innovation in autonomy is moving quickly, but meaningful commercialization will take much longer,” Khosrowshahi said. (Uber)
Sarfraz Maredia, Uber’s global head of autonomous mobility and delivery, said AV teams should focus on building safe software while Uber handles “the day-to-day realities of running a real-world fleet.” Partners including Avride, Nuro, Wayve and WeRide also offered endorsements in the release. (Uber)
The moves underline a broader bet: stay central even as self-driving taxis creep toward more cities. Uber’s model is exposed if the “driver” shifts from human to machine and the demand layer becomes the prize, industry watchers say. (The Verge)
There’s a downside case. The SpotHero deal still needs regulatory clearance, and integration missteps can drag on engagement just when investors want cleaner margins. On autonomy, commercialization can take longer than the tech, and service failures in driverless trips can quickly turn into reputational and legal cost.
Traders will be looking to U.S. consumer confidence at 10 a.m. ET for cues on the broader consumer mood, after Monday’s pullback, and later this week to the producer price index on Friday. (The Conference Board)
