NYSE:BITA - Bitauto Stock Price, Forecast & News

Bitauto trades on the New York Stock Exchange (NYSE) under the ticker symbol "BITA."

Bitauto announced that its board has authorized a share buyback plan on Tuesday, March 20th 2018, which allows the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Bitauto Hldg Ltd (NYSE:BITA) announced its earnings results on Tuesday, November, 26th. The information services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.42 by $0.32. The information services provider had revenue of $355.50 million for the quarter, compared to analysts' expectations of $375.88 million. Bitauto had a positive return on equity of 2.60% and a negative net margin of 6.16%. Bitauto's quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. View Bitauto's Earnings History.

Bitauto is scheduled to release their next quarterly earnings announcement on Tuesday, March 17th 2020. View Earnings Estimates for Bitauto.

Bitauto issued an update on its fourth quarter 2019 Pre-Market earnings guidance on Tuesday, November, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$342.8-356.8 million, compared to the consensus revenue estimate of $$412.8 million.

2 analysts have issued 12 month target prices for Bitauto's shares. Their forecasts range from $16.00 to $20.00. On average, they expect Bitauto's stock price to reach $18.00 in the next year. This suggests a possible upside of 22.3% from the stock's current price. View Analyst Price Targets for Bitauto.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bitauto in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Bitauto.

News coverage about BITA stock has been trending somewhat negative recently, InfoTrie reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bitauto earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the information services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Bitauto.

Some companies that are related to Bitauto include Corelogic (CLGX), Inovalon (INOV), CarGurus (CARG), LiveRamp (RAMP), Evertec (EVTC), 8X8 (EGHT), Change Healthcare (CHNG), Yext (YEXT), CSG Systems International (CSGS), Computer Services (CSVI), Shutterstock (SSTK), So-Young International (SY), SciPlay (SCPL), Upwork (UPWK) and Trivago (TRVG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Bitauto investors own include Alibaba Group (BABA), Baidu (BIDU), IQIYI (IQ), Tesla (TSLA), YY (YY), Alphabet (GOOG), JD.Com (JD), Ctrip.Com International (CTRP), Netflix (NFLX) and Square (SQ).

Bitauto's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Oasis Management Co Ltd. (0.75%), Myriad Asset Management Ltd. (0.61%), York Capital Management Global Advisors LLC (0.60%), Krane Funds Advisors LLC (0.53%), Athos Capital Ltd (0.51%) and Man Group plc (0.44%).

BITA stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, Baillie Gifford & Co., Penserra Capital Management LLC, Tower Research Capital LLC TRC , Cubist Systematic Strategies LLC and UBS Group AG.

BITA stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Oxford Asset Management LLP, Myriad Asset Management Ltd., York Capital Management Global Advisors LLC, Man Group plc, NINE MASTS CAPITAL Ltd, Athos Capital Ltd and SG Americas Securities LLC.

Shares of BITA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of BITA stock can currently be purchased for approximately $14.72.

Bitauto has a market capitalization of $1.07 billion and generates $1.54 billion in revenue each year. The information services provider earns $-87,680,000.00 in net income (profit) each year or $1.40 on an earnings per share basis. Bitauto employs 8,316 workers across the globe.View Additional Information About Bitauto.

The official website for Bitauto is http://www.bitauto.com/.

Bitauto's mailing address is NO 6 SOUTH CAPITAL STADIUM ROAD BEIJING, BEIJING F4, 100044. The information services provider can be reached via phone at 86-10-6849-2345 or via email at [email protected]