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NYSE:BITABitauto Stock Price, Forecast & News

$12.59
-0.41 (-3.15 %)
(As of 05/28/2020 04:00 PM ET)
Add
Compare
Today's Range
$12.55
Now: $12.59
$13.00
50-Day Range
$10.48
MA: $11.26
$12.68
52-Week Range
$9.60
Now: $12.59
$15.48
Volume162,623 shs
Average Volume333,105 shs
Market Capitalization$915.78 million
P/E RatioN/A
Dividend YieldN/A
Beta0.87
Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business. The Advertising and Subscription Business segment offers advertising services, including automobile pricing and promotional information, specifications, reviews, and consumer feedback to automakers through its bitauto.com Website and related mobile applications. It also provides transaction-focused online advertisement and promotional services for automakers, automobile dealers, auto finance partners, and insurance companies; and Web-based and mobile-based integrated digital marketing solutions to automobile dealers. The Transaction Services Business segment operates an online automobile retail transaction platform, which provides transaction platform and self-operated financing services. The Digital Marketing Solutions Business segment offers one-stop digital marketing solutions, including Website creation and maintenance, online public relation, online marketing campaign, advertising agency, big data application, and digital image creation services for automakers. The company also distributes its dealer customers' automobile pricing and promotional information through its Internet service provider partners. Bitauto Holdings Limited was founded in 2000 and is headquartered in Beijing, the People's Republic of China.
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Bitauto logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.45 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone86-10-6849-2345

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.54 billion
Cash Flow$1.09 per share
Book Value$38.52 per share

Profitability

Net Income$-169,250,000.00

Miscellaneous

Employees7,935
Market Cap$915.78 million
Next Earnings Date6/4/2020 (Estimated)
OptionableOptionable

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Bitauto (NYSE:BITA) Frequently Asked Questions

How has Bitauto's stock been impacted by COVID-19 (Coronavirus)?

Bitauto's stock was trading at $13.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BITA stock has decreased by 6.3% and is now trading at $12.59. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Bitauto's next earnings date?

Bitauto is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Bitauto.

How were Bitauto's earnings last quarter?

Bitauto Hldg Ltd (NYSE:BITA) announced its quarterly earnings results on Thursday, March, 26th. The information services provider reported ($8.07) EPS for the quarter, missing the consensus estimate of $0.30 by $8.37. The information services provider earned $385.80 million during the quarter, compared to the consensus estimate of $379.46 million. Bitauto had a negative return on equity of 0.79% and a negative net margin of 11.05%. The business's revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. View Bitauto's earnings history.

What guidance has Bitauto issued on next quarter's earnings?

Bitauto updated its first quarter 2020 Pre-Market earnings guidance on Thursday, March, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $244.2-258.6 million.

What price target have analysts set for BITA?

2 equities research analysts have issued 12-month price objectives for Bitauto's stock. Their forecasts range from $16.00 to $20.00. On average, they anticipate Bitauto's share price to reach $18.00 in the next year. This suggests a possible upside of 43.0% from the stock's current price. View analysts' price targets for Bitauto.

Has Bitauto been receiving favorable news coverage?

News stories about BITA stock have been trending somewhat negative on Thursday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Bitauto earned a coverage optimism score of -1.8 on InfoTrie's scale. They also gave news coverage about the information services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutBitauto.

Who are some of Bitauto's key competitors?

What other stocks do shareholders of Bitauto own?

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

Who are Bitauto's key executives?

Bitauto's management team includes the following people:
  • Mr. Bin Li, Founder & Chairman (Age 45)
  • Mr. Xuan Zhang, CEO & Director (Age 43)
  • Mr. Ming Xu, Chief Financial Officer
  • Mr. Liu Xiaoke, Chief Operating Officer (Age 38)
  • Mr. Xiangzhi Kong, Chief Strategy Officer (Age 41)

What is Bitauto's stock symbol?

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

Who are Bitauto's major shareholders?

Bitauto's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Maso Capital Partners Ltd (5.55%), Invesco Ltd. (4.82%), York Capital Management Global Advisors LLC (2.03%), Pentwater Capital Management LP (1.26%), BlackRock Inc. (0.78%) and Krane Funds Advisors LLC (0.70%).

Which major investors are selling Bitauto stock?

BITA stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Pentwater Capital Management LP, Athos Capital Ltd, Balyasny Asset Management LLC, Athanor Capital LP, SG Americas Securities LLC, Parametric Portfolio Associates LLC, and Canada Pension Plan Investment Board.

Which major investors are buying Bitauto stock?

BITA stock was acquired by a variety of institutional investors in the last quarter, including York Capital Management Global Advisors LLC, Maso Capital Partners Ltd, Krane Funds Advisors LLC, BlackRock Inc., QVT Financial LP, Jane Street Group LLC, State Street Corp, and Nomura Holdings Inc..

How do I buy shares of Bitauto?

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.

What is Bitauto's stock price today?

One share of BITA stock can currently be purchased for approximately $12.59.

How big of a company is Bitauto?

Bitauto has a market capitalization of $915.78 million and generates $1.54 billion in revenue each year. The information services provider earns $-169,250,000.00 in net income (profit) each year or ($0.45) on an earnings per share basis. Bitauto employs 7,935 workers across the globe.

What is Bitauto's official website?

The official website for Bitauto is www.bitauto.com.

How can I contact Bitauto?

Bitauto's mailing address is NEW CENTURY HOTEL OFFICE TOWER 6/F NO 6 SOUTH CAPITAL STADIUM ROAD BEIJING, PEOPLE`S REPUBLIC OF CHINA F4, 100044. The information services provider can be reached via phone at 86-10-6849-2345 or via email at [email protected]

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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