SunCar Technology Reports 27% Revenue Growth, Including 55% Increase in Auto e-Insurance Business and Over 250% Increase in the Number of Electric Vehicle Insurance Policies in 1H 2024
SunCar Technology Group Inc. - Ordinary Shares (SDA)
Company Research
Source: PR Newswire
Adjusted EBITDA Increased to $6.4 Million for the First Half of 2024Conference 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 ResultsTotal 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 months ended June 30, 2024, from $98.8 million for the six months ended June 30, 2023. The increase was driven by an increase in the number of completed service orders and the addition of new enterprise clients. This segment leverages SunCar's software platform, facilitating a wide variety of auto servic
Show less
Read more
Impact Snapshot
Event Time:
SDA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SDA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SDA alerts
High impacting SunCar Technology Group Inc. - Ordinary Shares news events
Weekly update
A roundup of the hottest topics
SDA
News
- SunCar Technology Group Inc. Joins the Prestigious NASDAQ Golden Dragon China IndexPR Newswire
- SunCar Technology and Wuhan JIDU Join Forces to Revolutionize Auto Insurance with Nationwide Intelligent PlatformPR Newswire
- SunCar Technology Group Inc.'s (NASDAQ:SDA) largest shareholders are private companies with 40% ownership, individual investors own 32% [Yahoo! Finance]Yahoo! Finance
- SunCar Technology Expands Strategic Partnership with Ping An Property & Casualty Across Key ProvincesPR Newswire
- SunCar Technology Group Expands Multi-Platform Collaboration with ICBC Shaanxi Branch Through "Shaanxi Benefits" PlatformPR Newswire
SDA
Sec Filings
- 10/28/24 - Form 6-K
- 9/17/24 - Form 424B4
- 9/16/24 - Form EFFECT
- SDA's page on the SEC website