Streetbeat News

SDA

SunCar Technology Group Inc.

https://suncartech.com

Industry

Auto - Dealerships

SunCar Technology Group Inc., through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business. The Insurance Intermediation Business segment provides traditional auto insurance renewal services and new energy vehicles insurance services. The Automotive After-Sales Business provides after-sales services to banking, insurance companies, and other customer types. The Technology Business segment provides auto insurance SaaS products and other technical services. SunCar Technology Group Inc. was founded in 2007 and is based in Shanghai, China.

Open

8.60

Mkt cap

870M

Volume

316K

High

8.99

P/E Ratio

-9.12

52-wk high

11.74

Low

8.31

Div yield

N/A

52-wk low

5.71

Italian tax police conducted searches at nine courier companies' headquarters for alleged false invoices benefiting Amazon, SDA, and GLS. This investigation is part of a tax and labor probe.

Portfolio Pulse from

December 17, 2024 | 6:15 pm

SunCar Technology Group Inc. (NASDAQ: SDA) has partnered with Wuhan JIDU to launch a nationwide intelligent auto insurance platform in China, enhancing their cloud-based B2B auto services.

Portfolio Pulse from

November 11, 2024 | 1:15 pm

SunCar Technology Group Inc. has expanded its strategic partnership with Ping An Property & Casualty Insurance Co. across key Chinese provinces, securing contracts worth approximately $4.2 million. This includes new partnerships and renewals, enhancing SunCar's automotive services nationwide.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:07 pm

Quest Diagnostics and several other major stocks saw significant gains on Tuesday despite a general market downturn. Quest Diagnostics reported better-than-expected Q3 results, leading to a 7.1% stock increase. Other notable gainers included iRhythm Technologies, IGM Biosciences, and General Motors, all reporting positive news or results.

Portfolio Pulse from Avi Kapoor

October 22, 2024 | 4:23 pm

SunCar Technology Group has expanded its collaboration with ICBC Shaanxi Branch through the 'Shaanxi Benefits' platform, driving consumer spending over RMB 70 million (US$9.9 million) for the branch.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:00 pm

In Tuesday's pre-market session, several consumer discretionary stocks experienced significant price movements. Beachbody Co (BODI) saw an 18% increase, while ZHONGCHAO (ZCMD) declined by 11%. Other notable gainers include Tuniu (TOUR) and Culp (CULP), while Qurate Retail (QRTEP) and Ambow Education Holding (AMBO) were among the losers.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 12:07 pm

SunCar Technology Group's shares are trading lower following the announcement of their H1 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 7:47 pm

SunCar Technology reported a 27% revenue growth to $203.1 million in the first half of 2024, but also posted an EPS loss of $(0.67).

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 11:21 am

SunCar Technology Group Inc. (NASDAQ: SDA) has expanded its partnership with the Inner Mongolia branch of China Continent Property & Casualty Insurance Co., Ltd. This expansion has led to a more than 30% increase in service sales in the first half of 2024 compared to the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:10 pm

SunCar Technology has partnered with Lotus Technology to enhance its insurance services and expand its sales network.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:58 am

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