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 stock buyback program on Tuesday, March 20th 2018, which authorizes the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

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

2 analysts have issued 1 year price targets for Bitauto's stock. Their forecasts range from $16.00 to $20.00. On average, they expect Bitauto's share price to reach $18.00 in the next year. This suggests a possible upside of 21.7% 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.

Headlines about BITA stock have trended neutral recently, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. 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 news impact score of 0.4 on InfoTrie's scale. They also assigned media stories about the information services provider a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. 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 many different 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 bought 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 $14.79.

Bitauto has a market capitalization of $1.08 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]