Uber Technologies (UBER): Impacted by Autonomous-Vehicle Related Narrative

Hardman Johnston Global Advisors, an investment management company, released its “Hardman Johnston Global Equity Strategy” investor letter for the fourth quarter of 2025. A copy of the letter can be downloaded here. Global equity markets delivered robust results in the quarter, backed by easing inflation trends and strong economic data. The Hardman Johnston Global Equity Strategy returned 2.91%, net of fees, compared to the MSCI AC World Net Index’s 3.29% gain. The Financials and Consumer Staples sectors contributed to the performance, while the Industrials and Consumer Discretionary sectors detracted from relative performance. In addition, please check the Strategy’s top five holdings to know its best picks in 2025.

In its fourth-quarter 2025 investor letter, Hardman Johnston Global Equity Strategy highlighted stocks like Uber Technologies, Inc. (NYSE:UBER). Uber Technologies, Inc. (NYSE:UBER) is a multinational technology company that operates through mobility, delivery, and freight segments. Uber Technologies, Inc. (NYSE:UBER) shares traded between $60.63 and $101.99 over the past 52 weeks. On January 26, 2026, Uber Technologies, Inc. (NYSE:UBER) stock closed at $81.98 per share. One-month return of Uber Technologies, Inc. (NYSE:UBER) was 0.59%, and its shares lost 14.98% of their value over the last three months. Uber Technologies, Inc. (NYSE:UBER) has a market capitalization of $170.963 billion.

Hardman Johnston Global Equity Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its fourth quarter 2025 investor letter:

“The top sector detractors from relative performance during the quarter were Industrials and Consumer Discretionary. Within Industrials, Rheinmetall AG and Uber Technologies, Inc. (NYSE:UBER) were the largest detractors. Uber Technologies, Inc. stock saw 4Q volatility after strong YTD gains; despite solid bookings, improving profitability, and strong free cash flow, the shares traded largely on Autonomous-Vehicle related narrative rather than fundamentals. The stock sold off post-earnings on renewed robotaxi concerns, rebounded as investors re-anchored on near-term fundamentals, and then weakened into year-end following Waymo’s 2026 expansion plans, which revived long-term disintermediation fears and drove profit-taking. Importantly, fundamentals never broke, and the volatility reflects uncertainty around Uber’s role in a future AV world—not its earnings power over the next several years. Regardless of whether AVs consolidate around a few players or evolve into a multi-operator ecosystem, we see Uber’s scale, demand aggregation, and capital-light model position it to benefit rather than be displaced.”

In another article, we covered Uber Technologies, Inc. (NYSE:UBER) and shared the list of best stocks to buy according to Billionaire Bill Ackman. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.