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ZCAR

Zoomcar Holdings, Inc.

https://www.zoomcar.com

Industry

Rental & Leasing Services

Zoomcar Holdings, Inc. operates a marketplace for car sharing in India, Indonesia, and Egypt. It connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. The company was founded in 2013 and is based in Bronxville, New York.

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In Friday's after-market session, several industrials stocks showed notable movements. Orion Group Holdings (ORN) led the gainers with an 8.2% increase following their Q4 earnings release two days prior. Other gainers included Aqua Metals (AQMS), Singularity Future Tech (SGLY), Ideanomics (IDEX), ESS Tech (GWH), and Vertical Aerospace (EVTL) with increases ranging from 4.34% to 6.01%. On the losing side, Zoomcar Holdings (ZCAR) experienced the largest drop of 6.7%, followed by Ault Alliance (AULT), Roma Green Finance (ROMA), BioNexus Gene Lab (BGLC), MingZhu Logistics Holdings (YGMZ), and Baiyu Holdings (BYU) with declines between 4.14% and 6.32%.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 9:32 pm

In Thursday's after-market session, several industrials stocks saw significant movements. Zoomcar Holdings (ZCAR) and Li-Cycle Holdings (LICY) led the gainers with over 11% increases in their stock prices, while Sidus Space (SIDU) and Royalty Management Holdings (RMCO) were among the top losers, with SIDU dropping over 25%. TTEC Holdings (TTEC) also fell by 8.31% following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 9:31 pm

In Wednesday's after-market session, several industrials stocks saw significant movements. Ameresco (AMRC) and Aris Water Solutions (ARIS) reported Q4 earnings, leading to a 12.9% and 11.01% increase in their stock prices, respectively. Other notable gainers included Solidion Technology (STI) and MingZhu Logistics Hldgs (YGMZ). On the downside, Shoals Technologies Gr (SHLS) and Stem (STEM) reported Q4 earnings, resulting in an 18.8% and 6.23% decrease in their stock prices, respectively. Other stocks that saw declines include Staffing 360 Solutions (STAF), Zoomcar Holdings (ZCAR), American Rebel Holdings (AREB), and noco-noco (NCNC).

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 9:31 pm

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) shares dropped over 7% in premarket trading after announcing a partnership with SPARKCARS to add over 1,000 electric vehicles to its platform in India. Despite a 19% decrease in net revenue to $2.4 million in the third quarter, Zoomcar projects a significant revenue increase for the calendar year ending December 31, 2024, and expects to achieve a positive adjusted EBITDA run rate.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 12:27 pm

Zoomcar and SPARKCARS have announced a partnership to add over 1,000 electric vehicles (EVs) to Zoomcar's platform in India over the next two years, including models like TATA Nexon and Mahindra XUV 400. This move aims to boost EV adoption in the self-drive space, offering economic benefits to hosts through special pricing and lower operating costs.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:14 am

In Thursday's intraday session, several industrials stocks experienced significant movements. Intuitive Machines, Energous, ATIF Holdings, Guardforce AI Co, Dnow, and Tigo Energy were among the gainers, with notable increases in their stock prices. On the other hand, Earlyworks Co, Innodata, Addentax Group, Clean Energy Technologies, Zoomcar Holdings, and Manitowoc Co saw declines. The movements were attributed to recent earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:31 pm

In Thursday's pre-market session, several industrials stocks showed significant movement. Ultralife (ULBI) led the gainers with a 30.2% increase following its Q4 earnings report, while Addentax Group (ATXG) experienced the largest drop among the losers, declining by 26.5% after its Q3 earnings were announced. Other notable movers included Graphex Gr (GRFX), Pixie Dust Technologies (PXDT), and Zoomcar Holdings (ZCAR), each responding to market dynamics and recent earnings reports.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 1:05 pm

Zoomcar Holdings (NASDAQ:ZCAR) reported a significant improvement in its Q3 earnings, posting EPS of $0.90, up from a loss of $(18.05) YoY. However, sales decreased to $2.42M from $2.98M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:00 am

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) has announced a strategic partnership with India-based CARS24, aiming to empower Zoomcar hosts with fleet expansion opportunities through exclusive car purchase opportunities and flexible financing options. This collaboration is expected to reduce the cost of acquiring vehicles for hosts, enabling them to expand their small business presence with lower upfront capital investment. Zoomcar, which recently started trading on NASDAQ, anticipates leveraging CARS24's reputation in the pre-owned car market to ensure hosts can access high-quality used cars, potentially saving up to INR 1 lakh (~$1,204.99) with additional benefits on purchases.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 3:35 pm

Zoomcar Holdings, Inc. (NASDAQ:ZCAR), a leading car sharing marketplace in emerging markets, has partnered with CARS24, India's top AutoTech platform for pre-owned cars. This strategic alliance aims to support local hosts on Zoomcar's platform by facilitating fleet expansion and potentially increasing earnings through exclusive car purchase opportunities and flexible financing options.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 6:36 am

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