BitAuto Holdings (BITA) stock soared Friday after the China Web firm, which serves an expanding Chinese middle class that is eagerly buying cars, posted Q3 earnings that topped its own guidance and easily beat Wall Street estimates. BitAuto stock was up 13% in midday trading in the stock market today, near 89. BitAuto stock is up nearly 180% this year but down 10% from its all-time high of 98.28, touched on Aug. 26. The stock has a
Two highflying China-based Web firms, online retailer Vipshop Holdings (VIPS) and online car information provider BitAuto (BITA), have seen their stocks rise in advance of their third-quarter earnings reports. BitAuto reports Q3 before the market open on Friday. Vipshop Holdings will report Q3 after the market close on Nov. 18. BitAuto was up 3% near 82 in afternoon trading in the stock market today. BitAuto stock is up 192% from January, when it
It might be far from earnings season, but it’s still a good time to look at companies with strong earnings potential — like BitAuto (BITA), which is cruising in the fast lane of China’s middle-class auto-buying spree. The China-based company runs a website where new-car sellers can post ads and also has a line of software to help dealers target their cars to the budding middle class. BitAuto is featured on the Leaders with Rising Estimates Screen