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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/30/2024 | $12.00 | Buy | BTIG Research |
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, March 3, 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 its selection as the exclusive provider for the Visa Concierge Car Service Project, establishing a pivotal partnership with global payments leader Visa. This strategic alliance positions SunCar to deliver premium airport and high-speed rail transfer services to Industrial and Commercial Bank of China's (ICBC) high-net-worth cardholders nationwide, opening significant new revenue channels in China's lucrative premium services market. This partnership represents a substantial expansio
NEW YORK, Feb. 25, 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, participated in the National Automotive Circulation Industry New Year Forum and Consumer Promotion Conference in Beijing. The Company, serving as a vice president unit of the National Automotive Circulation Industry Association, was represented by Vice President Gu Saiye, who delivered a keynote address highlighting SunCarOnline's technological solutions that help dealers enhance customer retention, renewal rates, and profitability. The conference brought together over 400 industry stakeholders, in
NEW YORK, Feb. 20, 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 an RMB 14 million (US$1.93 million) contract to operate China Construction Bank's (CCB) car wash program in Hunan province. The two-year agreement runs through December 2026 and builds on SunCar's existing CCB partnerships in Fujian and Yunnan provinces. Under the contract, SunCar will provide exclusive car wash services to CCB Hunan's Long Card members through its network of service locations. The program furthers SunCar's successful implementation in Yunnan province
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
6-K - SunCar Technology Group Inc. (0001936804) (Filer)
424B5 - SunCar Technology Group Inc. (0001936804) (Filer)
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.
BTIG Research initiated coverage of SunCar Technology Group with a rating of Buy and set a new price target of $12.00