Key Developments: Bitauto Holdings Ltd (BITA.K)

BITA.K on New York Consolidated

47.98USD
10 Jul 2014
Price Change (% chg)

$1.25 (+2.67%)
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$46.73
Open
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Latest Key Developments (Source: Significant Developments)

Bitauto Holdings Ltd issues Q2 2014 revenue guidance above analysts' estimates
Thursday, 8 May 2014 04:13am EDT 

Bitauto Holdings Ltd:Expects Q2 2014 revenue to be in the range of 480.0 mln yuan ($77.2 million) to 500.0 mln yuan ($80.4 mln).Q2 2014 revenue of $76.5 mln -.  Full Article

Bitauto Holdings Ltd announces joint venture with Pang Da Group and Youxin Internet (Beijing) Information Technology Co Ltd
Tuesday, 22 Apr 2014 05:28am EDT 

Bitauto Holdings Ltd:Enters into agreement to establish joint venture with Pangda Automobile Trade Co., Ltd and Youxin Internet (Beijing) Information Technology Co Ltd.Joint venture will position of Bitauto's proprietary used car website, taoche.com, by providing high-quality used car listings and expanding website's inventory of available-for-sale used cars.Building on Bitauto's existing competitive barriers within used car ecosystem, partnership will help grow Bitauto's already leading share of China's nascent used car transaction market.Joint venture will also help bring much-needed vehicle valuation services to market.  Full Article

Bitauto Holdings Ltd gives Q1 2014 outlook
Thursday, 6 Mar 2014 05:26am EST 

Bitauto Holdings Ltd:Expects Q1 2014 revenue in the range of 326.0-336.0 mln yuan ($53.9-$55.5 mln).Expects Q1 2014 non-GAAP diluted earnings per ADS, each representing one ordinary share, to be about 0.85-0.90 yuan ($0.14-$0.15).  Full Article

Bitauto Holdings Ltd announces pricing of follow-on public offering of 2,749,200 ADSs
Friday, 6 Dec 2013 04:50am EST 

Bitauto Holdings Ltd:Says the follow-on public offering of an aggregate of 2,749,200 American Depositary Shares by the company and a selling shareholder was priced at $30.00 per ADS.Says it will be offering 1,264,855 ADSs and the selling shareholder will be offering 1,484,345 ADSs.Says each ADS represents one ordinary share of the company.Says in connection with this offering, the company has granted the underwriters a 30-day overallotment option to purchase up to an aggregate of 410,800 additional ADSs from the company at the public offering price of $30.00 per ADS.Says proceeds to the company, after deducting underwriting discounts and commissions, will be approximately $36.1 million, or $47.9 million if the underwriters exercise their overallotment option in full.Says Bitauto will not receive any proceeds from the sale of the ADSs by the selling shareholder.Says underwriters of the offering are Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. International plc, and Citigroup Global Markets Inc.  Full Article

Bitauto Holdings Ltd Issues Q4 2013 Guidance Above Analysts' Estimates
Thursday, 7 Nov 2013 05:00am EST 

Bitauto Holdings Ltd announced that for the fourth quarter of 2013, it expects to generate revenue in the range of RMB465.0 million (USD76.0 million) to RMB475.0 million (USD77.6 million) and non-GAAP diluted earnings per ADS (EPS), each representing one ordinary share, to be approximately RMB2.18 (USD0.36) to RMB2.23 (USD0.36). According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $75.4 million and EPS of $0.32 for the fourth quarter of 2013.  Full Article

Kelley Blue Book Co Inc Announces Joint Venture With Bitauto Holdings Ltd And China Automobile Dealers Association
Thursday, 7 Nov 2013 05:00am EST 

Kelley Blue Book Co Inc announced a joint venture with Bitauto Holdings Limited, a provider of Internet content and marketing services for China's fast-growing automotive industry, and China Automobile Dealers Association (CADA). The new joint venture will operate as a Web-based and mobile product in China, providing comprehensive, up-to-date used-vehicle values for consumers, auto manufacturers, car dealers, finance and insurance companies, and other automotive-related companies. KBB.com's venerable used-car values will be integrated with Bitauto's deep local Chinese market understanding and solid used-car customer base, and CADA's authoritative position and its exclusive access to data on China's used-car market. With this joint venture, Kelley Blue Book can now extend its relationships with automakers onto a more global platform.  Full Article

Bitauto Hldg Ltd Issues Q3 2013 Guidance In Line with Analysts' Estimates
Thursday, 8 Aug 2013 04:10am EDT 

Bitauto Hldg Ltd announced that it expects to generate revenue in the range of RMB355.0 million (USD57.8 million) to RMB365.0 million (USD59.5 million) in the third quarter of 2013, representing a 28.4% to 32.0% year-over-year increase. Bitauto expects non-GAAP diluted earnings per ADS (EPS), each representing one ordinary share, to be approximately RMB1.51 (USD0.25) to RMB1.56 (USD0.25) in the third quarter of 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of RMB364.2 million and EPS of RMB1.53 for the third quarter of 2013.  Full Article

Bitauto Hldg Ltd Issues Q2 2013 Guidance Above Analysts' Estimates
Thursday, 9 May 2013 04:27am EDT 

Bitauto Hldg Ltd expects to generate revenue in the range of RMB325.0 million (USD52.3 million) to RMB335.0 million (USD53.9 million) in the second quarter of 2013, representing a 31.2% to 35.3% year-over-year increase. Non-GAAP diluted earnings per ADS, each representing one ordinary share, to be approximately RMB1.23 (USD0.20) to RMB1.28 (USD0.21) in the second quarter of 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of USD54.1 million and EPS of USD0.19 for the second quarter of 2013.  Full Article

Bitauto Hldg Ltd Issues Q1 2013 Guidance-Conference Call
Thursday, 7 Mar 2013 08:00am EST 

Bitauto Hldg Ltd announced that for the first quarter of 2013, it expects to generate revenue in the range of RMB235 million, $37.7 million, to RMB 245 million, $39.3 million and non-GAAP diluted earnings per ADS, each representing one ordinary share, to be approximately RMB.46, $0.07, to RMB.51, $0.08.  Full Article

Bitauto Hldg Ltd Issues Q4 2012 Guidance Above Analysts' Estimates-Conference Call
Thursday, 8 Nov 2012 08:00am EST 

Bitauto Hldg Ltd announced that for the fourth quarter of 2012, it expects to generate revenue in the range of RMB310.0 million or USD49.3 million to RMB320 million or USD50.9 million and non-GAAP diluted earnings per ADS, each representing one ordinary share, to be approximately RMB1.10 or USD0.17 to RMB1.22 or USD0.19. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of USD45.40 million and EPS of USD0.13 for the fourth quarter of 2012.  Full Article

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