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SunCar Technology Group Inc.

SunCar Technology Group Inc.

NASDAQ•SDA
CEO: Mr. Zaichang Ye
Sector: Consumer Cyclical
Industry: Auto - Dealerships
Listing Date: 2021-04-16
SunCar Technology Group Inc., through its subsidiaries, operates as a cloud-based provider of digitalized enterprise auto services and auto e-Insurance service in the People's Republic of China. It offers one-stop, fully digitalized, and on-demand automotive service systems. The company provides customized service solutions to banks, insurance companies, telecommunication companies, new energy vehicle original equipment manufacturers, and others. It also provides car wash, oil change, tire repair, car beautification, road assistance, flight pickup, designated driving, VIP lounge, etc. in collaboration with third-party auto service providers. In addition, it facilitates the sale of auto e-Insurance products underwritten by insurance companies through a network of external sales partners. Further, the company provides its services through an online software, as well as offers technical services. The company is based in Shanghai, China.
Contact Information
Suncar Auto Building, Suite 209 No. 656 Lingshi Road Jing’an District, Shanghai, 200072, China
86-138-1779-6110
suncartech.com
Market Cap
$212.44M
P/E (TTM)
-14.4
21.1
Dividend Yield
--
52W High
$10.61
52W Low
$1.54
52W Range
6%
Rank53Top 63.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2024

Financial Dashboard

Q3 2025 Data

Revenue

$115.78M+5.61%
4-Quarter Trend

EPS

$0.00+0.00%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Strong Revenue Expansion Total revenues reached $441.9M in 2024, marking a 21% increase driven by strong insurance segment performance.
Insurance Segment Soars Auto eInsurance service revenue grew 44% to $170.5M, fueled by rapid EV sales growth in China market.
Tech Services Revenue Jumps Technology service revenue increased 46% to $44.9M as enterprise customers adopt online tools and SaaS offerings.
Operating Cash Flow Positive Continuing operations generated $11.8M in net cash provided by operating activities, reversing prior year's negative flow.

Risk Factors

Operating Loss Widens Operating loss expanded significantly to $(58.4M) in 2024, reflecting 32% growth in total operating costs and expenses.
PRC Regulatory Uncertainty Evolving PRC laws regarding data security, foreign investment, and overseas listings pose material risks to operations and valuation.
Customer Revenue Concentration Top three customers accounted for 45% of 2024 revenue, exposing results to loss of significant customer cooperation.
High Share-Based Costs Share-based compensation expense surged to $63.5M in 2024, heavily impacting reported net loss figures.

Outlook

Focus on EV Transformation Strategy centers on expanding EV market presence, developing customized insurance, and integrating solutions with EV OEMs.
Technology Monetization Growth Plans include further developing SaaS model offerings to convert service providers into recurring technology business clients.
Synergistic Platform Development Leverage cross-utilization between auto services and eInsurance networks to enhance customer acquisition and cross-selling.
Share Repurchase Authorized Board authorized a share repurchase program of up to $30M over 12 months, signaling confidence in long-term prospects.

Peer Comparison

Revenue (TTM)

Baozun Inc.BZUN
$1.35B
+6.1%
America's Car-Mart, Inc.CRMT
$1.14B
-15.9%
Fossil Group, Inc.FOSL
$1.07B
-12.9%

Gross Margin (Latest Quarter)

SunCar Technology Group Inc.SDA
54.4%
+1.1pp
Baozun Inc.BZUN
52.4%
+5.0pp
Fossil Group, Inc.FOSL
49.0%
-0.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HBB$219.55M6.919.4%11.0%
CRMT$218.56M-15.1-2.6%0.0%
SDA$212.44M-14.4-55.4%32.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.6%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Jan 26, 2026
|
EPS:$0.05
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 28, 2025|
    Revenue: $441.90M+21.5%
    |
    EPS: $-0.72-132.3%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 29, 2024|
    Revenue: $363.75M+28.8%
    |
    EPS: $-0.31-283.7%
    Meet

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Jul 14, 2023|
    Revenue: $282.41M+13.3%
    |
    EPS: $-0.08-113.8%
    N/A