NYSE:BITA - Bitauto Stock Price, Price Target & More

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

Bitauto announced that its Board of Directors has authorized a share buyback program on Tuesday, March 20th 2018, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Bitauto Hldg Ltd (NYSE:BITA) issued its quarterly earnings results on Wednesday, June, 13th. The information services provider reported ($0.37) EPS for the quarter, missing the Zacks' consensus estimate of ($0.19) by $0.18. The information services provider earned $346.10 million during the quarter, compared to analysts' expectations of $309.85 million. Bitauto had a negative net margin of 16.63% and a negative return on equity of 8.19%. Bitauto's quarterly revenue was up 54.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. View Bitauto's Earnings History.

Bitauto is scheduled to release their next quarterly earnings announcement on Monday, August, 13th 2018. View Earnings Estimates for Bitauto.

5 brokerages have issued 12 month price objectives for Bitauto's shares. Their forecasts range from $40.00 to $46.00. On average, they anticipate Bitauto's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 82.1% from the stock's current price. View Analyst Ratings for Bitauto.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bitauto in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Bitauto include Proofpoint (PFPT), Zendesk (ZEN), YY (YY), RingCentral (RNG), DST Systems (DST), Pegasystems (PEGA), Corelogic (CLGX), CarGurus (CARG), Bilibili (BILI), Zynga (ZNGA), PagSeguro Digital (PAGS), Acxiom (ACXM), Smartsheet (SMAR), Cars.com (CARS) and Globant (GLOB).

News articles about BITA stock have been trending positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bitauto earned a coverage optimism score of 0.29 on Accern's scale. They also assigned news articles about the information services provider an impact score of 46.66 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Bitauto's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include CITIC CAPITAL HOLDINGS LTD (6.52%). View Institutional Ownership Trends for 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, Scottrade, Fidelity and Charles Schwab.

One share of BITA stock can currently be purchased for approximately $23.61.

Bitauto has a market capitalization of $1.69 billion and generates $1.30 billion in revenue each year. The information services provider earns $-260,340,000.00 in net income (profit) each year or ($3.42) on an earnings per share basis. Bitauto employs 7,620 workers across the globe.

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