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 plan on Tuesday, March 20th 2018, which permits the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Bitauto Hldg Ltd (NYSE:BITA) posted its quarterly earnings results on Tuesday, November, 26th. The information services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.32. The information services provider earned $355.50 million during the quarter, compared to the consensus estimate of $375.88 million. Bitauto had a negative net margin of 6.16% and a positive return on equity of 2.60%. Bitauto's quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $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 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 brokerages have issued twelve-month 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 21.1% 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.

Press coverage about BITA stock has been trending somewhat positive on Tuesday, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by monitoring 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 sentiment score of 1.1 on InfoTrie's scale. They also assigned news articles 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 effect on the stock'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 institutional and retail investors. Top institutional investors include Oasis Management Co Ltd. (0.75%), Myriad Asset Management Ltd. (0.61%), Krane Funds Advisors LLC (0.53%), Athos Capital Ltd (0.51%), Oxford Asset Management LLP (0.43%) and Goldman Sachs Group Inc. (0.39%).

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., NINE MASTS CAPITAL Ltd, Athos Capital Ltd, SG Americas Securities LLC, Marshall Wace LLP and Oasis Management Co Ltd..

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 $14.86.

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]