IPO Year: 2021
Exchange: NASDAQ
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/10/2025 | $3.50 | Outperform | Oppenheimer |
| 12/30/2024 | $12.00 | Buy | BTIG Research |
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Oppenheimer initiated coverage of SunCar Technology Group with a rating of Outperform and set a new price target of $3.50
BTIG Research initiated coverage of SunCar Technology Group with a rating of Buy and set a new price target of $12.00
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SunCar Technology Group, (the "Company" or "SunCar"), (NASDAQ:SDA), a leader in digitalizing auto insurance and auto services, today announced that its Board of Directors has authorized the Company to invest up to $10 million in select major cryptocurrencies that are expected to benefit from the rapid growth of RWA tokenization. According to a report released in April 2025 by Ripple and Boston Consulting Group, the RWA market could reach $19 trillion by 2033, up from roughly $25 billion in mid-2025. From a strategic perspective, the company believes that blockchain integration and RWA tokenization represent the natural evolution of its AI-powered cloud technology for digital auto insuranc
NEW YORK, Sept. 4, 2025 /PRNewswire/ --SunCar Technology Group Inc. (the "Company" or "SunCar") announced it has entered a new phase of cooperation with Leapmotor (9863.HK). Leapmotor recently released its monthly sales data for August. Sales reached 57,066 vehicles, representing year-on-year growth of over 88% and the highest monthly sales total in Leapmotor history. SunCar's AI-powered auto insurance platform provides customized insurance solutions to Leapmotor's customers. As Leapmotor's sales have accelerated, demand from customers for differentiated insurance services has increased. Since taking over the operation of the insurance platform in February 2025, SunCar has supported this st
NEW YORK, Aug. 27, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today announced that it has entered a new phase of strategic cooperation with intelligent electric vehicle manufacturer, NIO, Inc. (NYSE:NIO). SunCar has had a comprehensive partnership with NIO since 2020. At the end of 2023, SunCar upgraded its Anji Cloud Service Center with new service capabilities to provide NIO car owners with more detailed and customized auto insurance services. With the launch and strong sales of the ES8 and ONVO L90 models featuring advanced intelligent dri
NEW YORK, July 8, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today announced that it has entered a new phase of strategic cooperation with intelligent electric vehicle manufacturer, XPeng Inc. (NYSE:XPEV). SunCar has had a comprehensive partnership with XPeng since October 2022. At the end of 2023, SunCar upgraded its Anji Cloud Service Center with new service capabilities to provide XPeng car owners with more detailed and customized auto insurance services. With the launch and strong sales of the XPeng G7 model featuring advanced intelligent
In the news release, SunCar's Partnership with Xiaomi Enters a New Phase to Support its YU7 Launch, Promoting Fully Intelligent Auto Insurance, issued 30-Jun-2025 by SunCar Technology Group Inc. over PR Newswire, we are advised by the company that the second paragraph should read "The companies have been partnering since April 2024 to develop intelligent vehicle insurance and create a fully-intelligent and digitized auto insurance service system for Xiaomi. With the official launch of Xiaomi Auto's first pure electric SUV, the Xiaomi YU7, this partnership enters its next phase. SunCar expects its business with Xiaomi to double in 2025." as originally issued inadvertently. The complete, corre
NEW YORK, June 30, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today announced the continued progression of the Xiaomi partnership. With the official launch of Xiaomi Auto's first pure electric SUV, the Xiaomi YU7 in April 2024, the two parties have been engaged in the field of intelligent vehicle insurance, creating a fully intelligent and digitized auto insurance service system for Xiaomi. As this partnership enters its next phase, SunCar expects their business with Xiaomi to double in 2025. As China's leading cloud-based auto insurance serv
NEW YORK, June 6, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today announced that members of the Company will be participating at the following upcoming investor conferences: Oppenheimer 25th Annual Consumer Growth and E-Commerce ConferenceDate: Tuesday, June 10th, 2025, 9:00am ETLocation: VirtualSidoti Small Cap Virtual ConferenceDate: Wednesday, June 12th, 2025, 8:30am ETLocation: VirtualWeBull EV Stock WebinarDate: Tuesday, June 24th, 2:00pm ETLocation: VirtualInterested investors should contact their sales representative to register and s
NEW YORK, May 19, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today reported first quarter 2025 financial results for the quarter ended March 31, 2025. First Quarter 2025 Highlights Revenue for first quarter 2025 increased 20% to $102.6 million, compared to $85.6 million in first quarter 2024.BYD: Expanding our multi-year BYD partnership, including expanded cooperation with 50 dealerships in East China to create a differentiated insurance solutionLeapmotor: Completed differentiated SAAS insurance solution for Leapmotor dealersTesla: Extended s
NEW YORK, April 28, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today reported annual financial results for the year ended December 31, 2024. Recent & Full Year 2024 Highlights Revenue for 2024 increased 21% to $441.9 million, compared to $363.7 million in 2023Adjusted EBITDA for 2024 increased 492% to $9.8 million, compared to $1.6 million in 2023Expanded collaboration with Tesla to 48 cities from an initial 6 at the start of the yearInitiated an innovative partnership with Xiaomi to offer customized insurance productsSecured a two-year agre
SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, will release its financial results for the full year 2024 on Monday, April 28 after the market closes. SunCar will host a conference call the following day on Tuesday, April 29th at 8:00 AM ET (5:00 AM PT) with the investment community to discuss the Company's financial results and provide a business update. Investors may submit written questions by Monday, April 28 via e-mail to: [email protected] To access the call by phone, please dial 1-877-407-0752 (international callers please dial 1-201-389-0912) approximately
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
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6-K - SunCar Technology Group Inc. (0001936804) (Filer)
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
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6-K - SunCar Technology Group Inc. (0001936804) (Filer)
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
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NEW YORK, Jan. 21, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ:SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, today announced the appointment of Mr. Breaux Walker as the Company's Chief Strategy Officer (CSO), effective January 13, 2025. Mr. Walker brings over 25 years of extensive experience in business development, corporate finance, and cross-border transactions, particularly within the technology and fintech sectors. He joined SunCar in March 2024 as Consulting General Manager for North America, where he successfully contributed to the Company's strategic growth initiatives. Prior to joining SunCar, Mr.
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NEW YORK, April 28, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today reported annual financial results for the year ended December 31, 2024. Recent & Full Year 2024 Highlights Revenue for 2024 increased 21% to $441.9 million, compared to $363.7 million in 2023Adjusted EBITDA for 2024 increased 492% to $9.8 million, compared to $1.6 million in 2023Expanded collaboration with Tesla to 48 cities from an initial 6 at the start of the yearInitiated an innovative partnership with Xiaomi to offer customized insurance productsSecured a two-year agre
SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, will release its financial results for the full year 2024 on Monday, April 28 after the market closes. SunCar will host a conference call the following day on Tuesday, April 29th at 8:00 AM ET (5:00 AM PT) with the investment community to discuss the Company's financial results and provide a business update. Investors may submit written questions by Monday, April 28 via e-mail to: [email protected] To access the call by phone, please dial 1-877-407-0752 (international callers please dial 1-201-389-0912) approximately
Adjusted EBITDA Increased to $6.4 Million for the First Half of 2024 Conference Call and Webcast on September 16th at 8 AM ET NEW YORK, Sept. 16, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B software-focused auto services and auto e-insurance in China, today provided a business update and reported financial results for the first half of fiscal year 2024. First Half 2024 Financial Results Total revenue increased by 27% to $203.1 million for the six months ended June 30, 2024, from $159.4 million for the six months ended June 30, 2023.Auto Services ' revenue increased by 9% to $107.5 million for the six mo
NEW YORK, Sept. 9, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, will announce its financial results for the first half of fiscal year 2024 on Monday, September 16th before the market opens. SunCar will host a conference call on Monday, September 16th at 8:00 AM ET (5:00 AM PT) with the investment community to discuss the Company's financial results and provide a business update. Investors may submit written questions by September 12th via e-mail to: [email protected]. CONFERENCE CALL & AUDIO WEBCAST To access the call by phone, please dial 1-877-407-0752 (i
Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
NEW YORK, April 24, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, will announce its financial results for Fiscal Year 2023 on Monday, April 29th before the market opens. SunCar will host a conference call on Tuesday, April 30, at 5:00 PM ET (2:00 PM PT) with the investment community to discuss the Company's financial results and provide a business update. Investors may submit written questions by April 26th via e-mail to: [email protected]. CONFERENCE CALL & AUDIO WEBCAST To access the call by phone, please dial 1-877-407-0752 (international callers pl
NEW YORK, July 03, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ:SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, today announced its financial results for the fiscal year ended December 31, 2022. Full Year 2022 Financial Highlights Total revenues increased by 13% to $282.4 million for the fiscal year 2022 from $249.2 million in the fiscal year of 2021.Operating loss was $12.6 million, compared to operating profit of $10.4 million in the fiscal year of 2021.Net loss was $11.9 million, representing a decrease of 34% from $18.1 million in the fiscal y