SunCar Technology Group Inc. Schedules Full-Year 2024 Earnings Conference Call
SunCar will host a conference call the following day on Tuesday, April 29 th at 8:00 AM ET (5:00 AM PT) with the investment community to discuss the Company's financial results and provide a business update.
Investors may submit written questions by Monday, April 28 via e-mail to: IR@suncartech.com
To access the call by phone, please dial 1-877-407-0752 (international callers please dial 1-201-389-0912) approximately 10 minutes prior to the start of the call. An audio webcast of the conference call will be available online at https://viavid.webcasts.com/starthere.jsp?ei=1716706&tp_key=51381ecbeb.
A webcast replay will also be available for a limited time at the following link: https://viavid.webcasts.com/starthere.jsp?ei=1716706&tp_key=51381ecbeb.
The conference call will be open to all interested parties. In accordance with Regulation FD (Fair Disclosure), all investors will have equal access to the information shared during this call.
During the conference call, management may discuss certain non-GAAP financial measures. In accordance with Regulation G, reconciliations of any non-GAAP financial measures to their most directly comparable GAAP measures will be available in the earnings release or accompanying materials that will be posted on the Company's investor relations website prior to the conference call.
About SunCar Technology Group Inc.
Founded in 2007, SunCar is transforming the customer journey for auto eInsurance and auto services in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of eInsurance coverage options and auto services through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto eInsurance and auto services market for electric vehicles. The Company's intelligent cloud platform empowers its enterprise customers to access, manage, and optimize their auto services offerings as their end customers gain access to hundreds of services from tens of thousands of independent providers from a single application. For more information, please visit: https://suncartech.com.
Forward-Looking Statements
This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. For a detailed discussion of these risks, please refer to the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise these statements, except as required by law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Here's How Alphabet Can Become the World's Second $4 Trillion Company
Key Points The company generates the most profits among its big tech peers. Investors are worried about the legacy search business. But Alphabet has proven that it's here to stay. 10 stocks we like better than Alphabet › Nvidia made history by becoming the world's first $4 trillion company, and no other company has achieved this feat. Currently, Microsoft and Apple are in second and third place but have a bit of work to do with their $3.8 trillion and $3.2 trillion market caps, respectively. However, there's a dark horse that could beat those two to the $4 trillion threshold: Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the world's fifth-largest company by market cap with a valuation of $2.5 trillion. That's a long way away from $4 trillion and significantly behind Microsoft and Apple. But there's one factor that Alphabet has going for it that gives it a solid argument for reaching $4 trillion before any of the companies ahead of it. Alphabet's second quarter was dominant Alphabet is likely better known by the businesses that it owns: Google, YouTube, Waymo, and the Android operating system. It has a dominant empire in various niches, but its most important is Google Search. In the second quarter, Google Search generated $54 billion of the company's revenue of $96 billion. That's a large chunk of its total, so it needs to continue having this division perform well to succeed as a whole. However, there are some early warning signs that have investors concerned. The most significant technologies in generative artificial intelligence (AI) have the potential to transform how people use the internet. Currently, the vast majority of people seek information using Google Search. That could change if generative AI becomes more widely adopted by the masses. The market broadly assumes that it will replace Google, but that seems far from reality. One area where Google has bridged the gap is with AI search overviews, which give users a generative AI-powered summary of their search results. Management discussed the popularity of this feature during its second-quarter conference call and provided a couple of key insights for investors. First, AI overviews now have over 2 billion users in 40 different languages, showcasing its widespread appeal. Another huge revelation for investors is that it sees the same monetization as regular search results, so it's not harming Google's business at all by heavily investing in this technology. This showed up in Alphabet's results, as Google Search revenue rose 12% year over year. That's an acceleration from the 10% year-over-year growth in the first quarter. This isn't a sign of a dying business; it's a sign of one that's growing. As a result, there's no reason for Alphabet to trade at a significant discount to its big-tech peers, since it's growing just as fast (if not faster) than most of them. Its peers fetch a much higher premium The four companies ahead of Alphabet in market cap are Nvidia, Microsoft, Apple, and Amazon. Compared to these four, Alphabet trades at a huge discount. However, over the past 12 months, Alphabet has produced the most net income of any of these companies. Alphabet actually produces the most profit of any company that trades on U.S. exchanges, and if it received the same multiple as its peers, it would be the largest company in the world (in some cases). Company Trailing P/E Alphabet's Valuation at That Premium Nvidia 56.0 $6.47 Trillion Microsoft 39.7 $4.59 Trillion Apple 33.3 $3.85 Trillion Amazon 37.7 $4.36 Trillion Data source: YCharts. So, if the company were to receive the same respect as its peers, it would already be the world's largest company. Whether you think most of the big tech stocks are overvalued or if you think Alphabet is undervalued, it doesn't matter. It has some of the best chances of beating the market over the next few years due to its low valuation and impressive growth, considering its size. I think it's a top stock to buy now, and it makes even more sense if you're concerned that the market in general is getting too expensive. Should you invest $1,000 in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Keithen Drury has positions in Alphabet, Amazon, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Here's How Alphabet Can Become the World's Second $4 Trillion Company was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Palantir Just Became the 20th Most Valuable Company, But Is It a Buy Now?
Key Points Palantir's Artificial Intelligence Platform has delivered vast productivity improvements for its clients. Valuation metrics may give prospective investors pause. 10 stocks we like better than Palantir Technologies › It may come as a surprise to many investors that Palantir Technologies (NASDAQ: PLTR) is now the 20th most valuable company in the world. It has a market cap of around $372 billion, a notable achievement considering it was barely a large-cap stock during the low point of the 2022 bear market. Nonetheless, investors may struggle with managing Palantir stock amid these gains. Current shareholders may wonder whether the stock has risen too far, while prospective buyers may ponder whether the stock has more room to run. Thus, they need to take a closer look at the company and its financials before deciding how to manage Palantir holdings. Where Palantir stands in the marketplace Palantir has become known as a big-data company that can leverage functions such as artificial intelligence (AI) and machine learning to deliver analytical insights. It started in the national security realm, earning early recognition for helping the U.S. government find Osama bin Laden. Later, it applied these skills to commercial use, attracting more customers. However, its generative AI-driven Artificial Intelligence Platform (AIP) has revolutionized the company's operations. Customers began to report huge productivity gains. In one case, AIP helped a company achieve in one day more than what a hyperscaler could do in four months. One insurer also reduced its process for automating underwriting workflows from two days to just three hours. Seeing such results is bullish for Palantir's value proposition, and the company seems to have a bright future as more companies turn to its productivity tools. One Morningstar analyst believes Palantir's addressable market is between $1.2 trillion and $1.8 trillion. As investors discovered these benefits, they steadily bid the stock higher, a growth phase that reached a fever pitch after the 2024 presidential election. Consequently, the stock has risen 475% just in the last 12 months. What the financials say Unfortunately, the financials seem to indicate more growth potential than results. Over the last 12 months, the company has generated around $3.1 billion in revenue. That figure indicates tremendous potential in what could be a $1.2 trillion addressable market. Nonetheless, it represents a small fraction of a $372 billion market capitalization, indicating a price-to-sales ratio (P/S) of 126. In comparison, the average P/S for the S&P 500 is 3.25, and even many growth stocks trade at less than 20 times sales. The earnings results also appear to point to considerable overvaluation. Over the last 12 months, the company reported a net income attributable to common shareholders of $570 million. That leaves investors with a price-to-earnings ratio (P/E) of more than 685. Unfortunately, significant improvements in earnings do not seem to bolster its buy case amid a forward P/E of more than 270. And even if the improved earnings were to continue, the forward one-year P/E is nearly 215, indicating that the growth would have to persist for several years to justify the current valuation. Thus, even if investors can still win in the long term with this stock, the potential downside that Palantir could face may not justify the risks associated with buying the stock now. Is Palantir a buy now? Under current conditions, investors should refrain from purchasing additional shares of Palantir. Its addressable market and growth trajectory indicate that the stock is an eventual winner, even at today's prices. Still, the elevated valuation poses a significant risk. Currently, the stock could lose three-fourths of its value and still be considered "overvalued" in a technical sense. And if market sentiment turns negative, investors will likely turn on highly valued stocks such as Palantir, possibly leading to years of paper losses. For these reasons, you should probably wait for a considerable pullback before buying the stock or seek returns in other investments. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Palantir Just Became the 20th Most Valuable Company, But Is It a Buy Now? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
3 Dividend Stocks to Hold for the Next 20 Years
Key Points General Mills is offering a historically high yield backed by a powerful and diversified food business. PepsiCo is a Dividend King with a high yield and iconic global brands. Hershey makes an affordable luxury that people will be willing to pay up for. 10 stocks we like better than PepsiCo › Remember one thing when you consider consumer staples makers: You "need" the products they sell. That's particularly true when it comes to food-focused consumer staples companies like General Mills (NYSE: GIS), PepsiCo (NASDAQ: PEP), and Hershey (NYSE: HSY). Here's why each one of these dividend stocks is worth buying and holding for 20 years, or more, right now. 1. General Mills is shifting with the times General Mills makes food products like cereal, snack bars, pet food, and baking products. It owns a collection of brand names that you likely know well, including Blue Buffalo and Cheerios. The brands and products it sells are staples in grocery stores and in consumer cupboards. It's highly unlikely that General Mills will suddenly go out of business anytime soon. That said, right now the company is facing some headwinds. Consumer buying habits are shifting, and some buyers are pulling back on spending. That has left General Mills' financial results weak. Sales and earnings fell year over year in the fourth quarter of fiscal 2025. The company's fiscal 2026 outlook was a bit weak, too. But management is doing what it can to adjust, including changing formulations to match current trends, adjusting its brand and product portfolio, and trying to keep a lid on costs. These are the right moves and, in time, they will likely lead to General Mills getting back on track. It always has in the past. While General Mills' stock is out of favor, you can buy it at an attractive 4.8% yield. That's near the highest levels in the company's history. If you like income and think long term, General Mills should probably be on your buy list today. 2. PepsiCo has industry-leading brands General Mills is a good company with industry-leading brands, but PepsiCo's brands stand out even more. It's the No. 2 beverage company and the No. 1 salty snack maker. It also makes packaged food products that compete with companies like General Mills. The problem for PepsiCo is that customer tastes are shifting, and it is out of step with its customers. The company is working on the issue -- it recently bought a Mexican-American food business and a probiotic beverage company. Both are more in line with current trends. Sure, PepsiCo's recent financial results aren't that great, and they lag those of its closest peers. It's OK -- that happens even to well-run businesses. PepsiCo didn't achieve Dividend King status by accident, and it has muddled through hard times before. It's highly likely that it will do so again. In the meantime, you can collect a historically high 3.9% dividend yield. If the dividend history here is any guide, you'll end up a long-term winner if you're willing to step in while the rest of Wall Street is selling. 3. Hershey's cocoa problem makes it hard to love Hershey is the most difficult story to appreciate here for two reasons. First, while it makes food, the most important product it sells is chocolate. That's not a necessity, even though people love the affordable indulgence. Second, the biggest headwind for the business is a shocking rise in the price of cocoa, a key ingredient in chocolate. Cocoa comes from trees, so it could take some time before high prices lead to changes in the industry. That's why investors have sold Hershey stock hard, leading to a historically high 2.9% dividend yield. Just how bad is it? Despite increasing prices and the expectation of sales growth in 2025, Hershey is projecting rising costs to lead to a roughly mid-30% drop in earnings in 2025. And given the nature of cocoa, the pain could linger for a bit. There's a good reason why investors are negative on the stock. But if you can stomach some near-term uncertainty, the long-term picture is likely to be continued and growing demand for the affordable luxuries that Hershey sells. You need and want what they make It is hard to suggest that chocolate, soda, or cereal are life necessities. You can certainly eat and drink other things. But these consumer staples giants have long delivered the food items that people want to buy. That will be just as true in one year as it is in 10 years or 20 years. The headwinds they face today aren't likely to change anything about the nature of these businesses, even if the companies do need to adjust to better align with current trends. The truth is that they've all done that many times before. Given the historically high yields on offer from General Mills, PepsiCo, and Hershey, buying and holding for decades is probably a good call for even the most conservative dividend investors today. Do the experts think PepsiCo is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did PepsiCo make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,036% vs. just 181% for the S&P — that is beating the market by 855.09%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Reuben Gregg Brewer has positions in General Mills, Hershey, and PepsiCo. The Motley Fool has positions in and recommends Hershey. The Motley Fool has a disclosure policy. 3 Dividend Stocks to Hold for the Next 20 Years was originally published by The Motley Fool
