What is Zacks Small Cap’s Forecast for SDA FY2025 Earnings?

SunCar Technology Group Inc. (NASDAQ:SDA) – Investment analysts at Zacks Small Cap lowered their FY2025 EPS estimates for SunCar Technology Group in a research note issued on Wednesday, April 30th. Zacks Small Cap analyst T. Kerr now forecasts that the company will earn $0.14 per share for the year, down from their previous forecast of $0.53. The consensus estimate for SunCar Technology Group’s current full-year earnings is $0.11 per share.

SunCar Technology Group Stock Performance

Shares of NASDAQ:SDA opened at $2.73 on Friday. SunCar Technology Group has a 52 week low of $2.41 and a 52 week high of $11.74. The company’s fifty day moving average is $3.79 and its 200-day moving average is $7.12.

Institutional Investors Weigh In On SunCar Technology Group

A number of institutional investors have recently made changes to their positions in SDA. Invesco Ltd. boosted its holdings in SunCar Technology Group by 33.6% during the fourth quarter. Invesco Ltd. now owns 43,851 shares of the company’s stock worth $423,000 after purchasing an additional 11,033 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of SunCar Technology Group by 42.7% during the 4th quarter. Geode Capital Management LLC now owns 34,865 shares of the company’s stock valued at $336,000 after acquiring an additional 10,431 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of SunCar Technology Group during the fourth quarter worth $100,000. BNP Paribas Financial Markets acquired a new stake in shares of SunCar Technology Group in the fourth quarter valued at about $69,000. Finally, XTX Topco Ltd grew its holdings in SunCar Technology Group by 21.7% in the fourth quarter. XTX Topco Ltd now owns 26,773 shares of the company’s stock worth $258,000 after purchasing an additional 4,767 shares during the period. 0.26% of the stock is owned by institutional investors and hedge funds.

About SunCar Technology Group

SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.