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
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
20-F - SunCar Technology Group Inc. (0001936804) (Filer)
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
424B5 - SunCar Technology Group Inc. (0001936804) (Filer)
424B5 - SunCar Technology Group Inc. (0001936804) (Filer)
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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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
NEW YORK, March 31, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ:SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced it has been awarded a contract to provide car wash and smart car wash concierge services for personal clients of the Sichuan Branch of Agricultural Bank of China (ABC). This milestone strengthens SunCar's strategic partnership with ABC and demonstrates their continued collaboration to enhance customer service through innovative, technology-driven solutions. Building on the success of their previous cooperation, with ABC's Heilongjiang branch, this new initiative will deliver premiu
NEW YORK, March 18, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ:SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced a significant expansion of its strategic partnership with Ping An Bank. The enhanced partnership builds upon their existing relationship, which began in 2017. Under this renewed collaboration, SunCar will continue serving as the preferred aftermarket service provider for Ping An Bank's Credit Card Center and Automotive Consumer Finance Center throughout 2025. The partnership will focus on delivering comprehensive automotive aftermarket services, including car wash, designated drive
NEW YORK, March 10, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ:SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced it has secured a contract to develop and operate the insurance management platform for Leapmotor (09863.HK), one of China's fastest-growing electric vehicle manufacturers. The system will be integrated into Leapmotor's mobile app ecosystem, handling insurance issuance, claims processing, and accident services. Leapmotor, founded in 2015, is a rising force in China's electric vehicle (EV) industry, specializing in intelligent and affordable EVs. According to CnEVPost, in 2024, the c
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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
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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.