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YMM

Full Truck Alliance Co. Ltd.

https://www.fulltruckalliance.com

Industry

Software - Application

Full Truck Alliance Co. Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, electronic toll collection, and energy services. It also provides technology development and other services. The company was founded in 2011 and is based in Guiyang, China.

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Clover Health Investments, Corp. (CLOV) shares rose by 11% after reporting better-than-expected Q4 revenue and FY24 guidance. Other stocks also moved significantly, with Gaxos.ai Inc. (GXAI) and Veritone, Inc. (VERI) among the top gainers, while voxeljet AG (VJET) and Luna Innovations Incorporated (LUNA) led the losers.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 5:18 pm

In Wednesday's pre-market session, several industrials stocks showed significant movement. Li-Cycle Holdings, ShiftPixy, Expion360, VCI Global, Full Truck Alliance Co, and TTEC Holdings were among the gainers, with Li-Cycle Holdings leading with a 36.3% increase. On the downside, voxeljet, noco-noco, ZIM Integrated Shipping, Roma Green Finance, Energy Vault Holdings, and Solidion Technology experienced declines, with voxeljet dropping the most at 35.6%. Notably, Full Truck Alliance Co, ZIM Integrated Shipping, and Energy Vault Holdings had recent earnings reports influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:06 pm

Full Truck Alliance Co. Ltd. (NYSE:YMM) shares rose in premarket trading after announcing an extension of its share repurchase program and declaring an annual cash dividend. The company plans to repurchase up to $300 million of its shares through March 12, 2025, and declared a dividend of $0.0072 per ordinary share, payable in April 2024. Full Truck Alliance also forecasts a revenue growth of 23.9% to 27.1% year-over-year for the upcoming quarter and aims to expand its user base and enhance its services.

Portfolio Pulse from Nabaparna Bhattacharya

March 13, 2024 | 12:46 pm

Full Truck Alliance shares surged following the announcement of an extension to its share repurchase program, now up to $300 million.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:44 am

Beauty Health reported better-than-expected Q4 revenue, leading to a 17.3% pre-market stock increase. Other stocks like HUTCHMED, SIGA Technologies, BeiGene, MaxCyte, Full Truck Alliance, Legend Biotech, Clover Health, and United Natural Foods also saw pre-market gains following positive financial results, analyst ratings, and corporate announcements.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 10:16 am

Full Truck Alliance has announced an extension of its share repurchase program, increasing the total amount up to $300 million. This move indicates the company's confidence in its financial health and future prospects, potentially signaling to investors a positive outlook.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:02 am

Full Truck Alliance (NYSE:YMM) reported a 25.3% revenue increase and tripled net income in Q4 last year, driven by strong investment income and new user growth. Despite a challenging environment, the company plans to continue its aggressive sales and marketing spending, which accelerated to 49.8% in the fourth quarter. This strategy has led to mixed investor reactions, with a 5.3% share price drop followed by a recovery. The company's P/S ratio is significantly higher than traditional logistics companies, reflecting investor confidence in its asset-light approach. However, its stock price has trended downward since its IPO. Full Truck Alliance's user growth outperformed many Chinese internet companies, with monthly active shippers increasing by 18.7%. The company's profits rose, benefiting from innovative technologies that enhance pricing and transaction efficiency. Despite competitive pressures, Full Truck Alliance intends to continue investing heavily in user acquisition and expects revenue growth to continue in the current quarter.

Portfolio Pulse from The Bamboo Works

March 11, 2024 | 5:19 pm

Barclays analyst Jiong Shao maintains an Equal-Weight rating on Full Truck Alliance Co (YMM) and lowers the price target from $8 to $6.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 10:47 am

Full Truck Alliance shares are trading lower following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 5:10 pm

Full Truck Alliance Co Ltd (NYSE:YMM) reported a 25.3% year-over-year increase in Q4 sales to $339.15 million, surpassing expectations. Adjusted operating income and net income per ADS also saw significant increases. The company announced a repurchase of 30.7 million ADSs for about $200 million and authorized a new repurchase program of up to $500 million. Looking ahead, Full Truck Alliance expects a 23.9% to 27.1% year-over-year growth in total net revenues for the next quarter.

Portfolio Pulse from Akanksha Bakshi

March 07, 2024 | 2:36 pm

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