Lyft Inc. shares surged after the company issued strong earnings guidance for both this quarter and the full year, signaling that the ride-hailing service’s plan to attract more commuters is working.

Lyft stock is rallying Thursday after the ride-sharing firm reported strong Q3 earnings and raised its full-year outlook. This is what you need to know.

Lyft stock soared more than 25% as the company’s turnaround plan pushed ridership to an all-time high during the third quarter.

It seems Lyft is hoping to catch up to Uber’s string of autonomous vehicle partnerships. Lyft announced Wednesday three separate partnerships — with

Lyft reported third-quarter sales that beat expectations while offering an upbeat demand forecast, after the ride-hailing platform earlier in the day announced an autonomous-vehicle partnership with Mobileye Global Inc.

Lyft Inc. announced three new partnerships with autonomous driving technology vendors, including Intel Corp. spinoff Mobileye Global Inc., as it plays catch-up in offering driverless rides on its platform.