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SUNCAR TECHNOLOGY GROUP INC

2.72

-0.1300-4.56%

Volume:95.99K

Turnover:262.86K

Market Cap:295.44M

PE:-3.14

High:2.90

Open:2.90

Low:2.68

Close:2.85

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Overview Company News Filings

SunCar Technology Expands Major Partnership with Global EV Leader, Achieving 48-City Coverage

BRIEF-Suncar Technology Group Integrates Deepseek Ai

SunCar Technology announces integration of its cloud service with DeepSeek

SunCar Technology Group Integrates Deepseek AI, Revolutionizing Automotive Service Intelligence

THOMSON REUTERS

SunCar Technology Group Integrates DeepSeek AI, Revolutionizing Automotive Service Intelligence

SunCar Technology Group Approves $30 Million Share Repurchase Program

MT Newswires Live

SunCar Technology announces $30M share repurchase program

SunCar Technology Group Inc - Announces $30 Million Share Repurchase Program

THOMSON REUTERS

SunCar Technology Group Announces Share Repurchase Program

SunCar Technology Shares Plunge; Prices $50 Million Public Stock Offering

MT Newswires Live

SunCar Tech Shares at 52-Week Low After $50M Offering

SunCar Technology Group Shares Down 25.4% After Announcing up to $50 Mln Share Offering

THOMSON REUTERS

BUZZ-SunCar Technology dives on stock offering pricing

SunCar Technology Group Falls 17.1% Premarket After Announcing up to $50 Mln Share Offering

THOMSON REUTERS

BRIEF-Suncar Technology Group Announces Pricing Of $50 Million Follow-On Public Offering Of Class A Ordinary Shares

SunCar Technology Group Announces Pricing of $50 Million Follow-on Public Offering of Class a Ordinary Shares

THOMSON REUTERS

SunCar Technology Group Announces Pricing of $50 Million Follow-On Public Offering of Class A Ordinary Shares

SunCar Technology Group 9-Month 2024 EPS $(0.68) Vs $(0.11) YoY; Revenue $312.71M Vs $250.5M YoY

BUZZ-SunCar Technology tumbles on stock offering plans

SunCar Technology Group Inc - Announces $50 Million Follow-on Public Offering

THOMSON REUTERS

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The collaboration has experienced remarkable growth, demonstrating SunCar's expanding influence in China's evolving automotive services sector.Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance inChina, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader inChinain the B2B auto services market and the auto eInsurance market for electric vehicles. The Company's intelligent cloud platform empowers its enter","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/suncar-technology-expands-major-partnership-133000824.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/suncar-technology-expands-major-partnership-133000824.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["SDA","CHCO","BK4192","BK4585","SDAWW","BK4211"],"gpt_icon":0},{"id":"2510508888","title":"BRIEF-Suncar Technology Group Integrates Deepseek Ai","url":"https://stock-news.laohu8.com/highlight/detail?id=2510508888","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2510508888?lang=en_us&edition=fundamental","pubTime":"2025-02-10 21:58","pubTimestamp":1739195901,"startTime":"0","endTime":"0","summary":"BRIEF-Suncar Technology Group Integrates Deepseek AiFeb 10 (Reuters) - 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This strategic implementation marks a significant advancement in the Company's AI-driven strategy and initiatives revolutionizing the automotive service industry through enhanced intelligence and efficiency.The integration of DeepSeek's AI capabilities transforms traditional automotive services by introducing powerful intelligent analytics and personalized solutions. In the car insurance sector, DeepSeek's algorithms help SunCar analyze SunCar's vast amounts of vehicle and insurance data to provide precise risk profiling and tailored insurance recommendations to SunCar's end customers, significantly improving the efficiency and accuracy of insurance package matching.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/suncar-technology-group-integrates-deepseek-134000843.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/suncar-technology-group-integrates-deepseek-134000843.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["SDAWW","SDA"],"gpt_icon":0},{"id":"2509747217","title":"SunCar Technology Group Approves $30 Million Share Repurchase Program","url":"https://stock-news.laohu8.com/highlight/detail?id=2509747217","media":"MT Newswires Live","labels":["shareholding","buyback"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509747217?lang=en_us&edition=fundamental","pubTime":"2025-02-07 23:15","pubTimestamp":1738941332,"startTime":"0","endTime":"0","summary":"SunCar Technology Group (SDA) said Friday its board approved a share repurchase program for up to $30 million of its outstanding shares.The company said it expects to execute the share repurchase program in the next 12 months and will fund it through cash on hand and cash generated from operations.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding,buyback","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4192","BK4585","SDA"],"gpt_icon":0},{"id":"2509747065","title":"SunCar Technology announces $30M share repurchase program","url":"https://stock-news.laohu8.com/highlight/detail?id=2509747065","media":"TIPRANKS","labels":["shareholding","buyback"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509747065?lang=en_us&edition=fundamental","pubTime":"2025-02-07 23:05","pubTimestamp":1738940750,"startTime":"0","endTime":"0","summary":"SunCar Technology (SDA) Group announced that its board of directors has authorized a share repurchase program to buy back up to $30M of its outstan...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/suncar-technology-announces-30m-share-repurchase-program?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/suncar-technology-announces-30m-share-repurchase-program?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding,buyback","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4585","BK4192","SDA"],"gpt_icon":0},{"id":"2509235742","title":"SunCar Technology Group Inc - Announces $30 Million Share Repurchase Program","url":"https://stock-news.laohu8.com/highlight/detail?id=2509235742","media":"THOMSON REUTERS","labels":["buyback"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509235742?lang=en_us&edition=fundamental","pubTime":"2025-02-07 23:00","pubTimestamp":1738940405,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250207:nTUA2KDWLK:2","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"buyback","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["SDA","BK4585","BK4192"],"gpt_icon":0},{"id":"2509475937","title":"SunCar Technology Group Announces Share Repurchase Program","url":"https://stock-news.laohu8.com/highlight/detail?id=2509475937","media":"PR Newswire","labels":["shareholding","buyback"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509475937?lang=en_us&edition=fundamental","pubTime":"2025-02-07 23:00","pubTimestamp":1738940400,"startTime":"0","endTime":"0","summary":"NEW YORK, Feb. 7, 2025 /PRNewswire/ -- SunCar Technology Group Inc.  , an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced that its board of directors has authorized a share repurchase program to buy back up to $30 million of its outstanding Class A ordinary shares. This program reflects the Company's confidence in its long-term growth prospects.The share repurchase program is expected for the next 12 months. The Company intends to fund the repurchases through a combination of cash on hand and cash generated from operations.This press release contains \"forward-looking statements\" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding SunCar's expectations regarding the consummation of the offering, the anticipated use of the net proceeds of the offering and the satisfaction of customary closing condition","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/suncar-technology-group-announces-share-150000671.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/suncar-technology-group-announces-share-150000671.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding,buyback","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["SDA","BK4585","BK4192","SDAWW"],"gpt_icon":0},{"id":"2509920109","title":"SunCar Technology Shares Plunge; Prices $50 Million Public Stock Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2509920109","media":"MT Newswires Live","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509920109?lang=en_us&edition=fundamental","pubTime":"2025-02-07 01:25","pubTimestamp":1738862728,"startTime":"0","endTime":"0","summary":"SunCar Technology Group  shares fell over 35% in recent trading Thursday, a day after pricing a public offering of roughly 7.1 million class A ordinary shares for gross proceeds of about $50 million.The company has given the underwriters a 30-day overallotment option to buy up to roughly 1.1 million more shares.SunCar plans to use the net proceeds from the offering, which is expected to close by Feb. 7, for working capital and general corporate purposes.Price: 5.44, Change: -3.00, Percent Change: -35.55","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4192","BK4585","SDA"],"gpt_icon":0},{"id":"2509020147","title":"SunCar Tech Shares at 52-Week Low After $50M Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2509020147","media":"Dow Jones","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509020147?lang=en_us&edition=fundamental","pubTime":"2025-02-07 01:16","pubTimestamp":1738862160,"startTime":"0","endTime":"0","summary":"Shares of SunCar Technology Group fell by more than a third after the company's public offering was priced to raise $50 million in gross proceeds.The stock dropped as much as 38% to a 52-week low of $5.25 in the first half of the trading day, and was recently changing hands at $5.38. Shares were trading at around $7.10 this time a year ago and have fallen about 43% since the start of 2025.The China-based auto-service and insurance provider said Wednesday night that it would offer more than 7.1 million shares for total gross proceeds of about $50 million. That reflects a price of about $7 per share. The stock had closed Tuesday at $8.44.The offering is expected to close on Friday. 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In connection with the Offering, SunCar has granted the underwriters of the offering a 30-day option to purchase up to an additional 1,071,429 Class A ordinary shares. The offering is expected to close on or about February 7, 2025, subject to the satisfaction of customary closing conditions. 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