Bitauto (BITA) Up 4.50% Following Earnings Beat

Bitauto Holdings Limited (BITA) rallied $3.00, or 4.48%, to $70.00 in pre-market trading session Monday after it reported fiscal-fourth quarter earnings.

The content and marketing services firm handed in non-GAAP earnings of $0.68 per share on revenue of $157.2 million, beating Wall Street estimates of $0.62 per share on revenue of $126.82 million. Non-GAAP profit was $31.8 million, a 91.1% increase from the corresponding period in 2013.

For the full-year 2014, the company reported total revenues of $396.3 million, a 70.8% increase from fiscal 2013.

For Q1/15, the company guided revenues of $101.5-$104.8 million, as compared to analysts’ expectations of $80.34 million. The co.’s management also gave its bottom line range of breakeven at midpoint per share, against projections of $0.11 per share.

On valuation measures, Bitauto Holdings Ltd. ADS shares, which currently have an average 3-month trading volume of 1 million shares, trade at a trailing-12 P/E of 40.95, a forward P/E of 28.88 and a P/E to growth ratio of 0.84. The median Wall Street price target on the name is $94.50 with a high target of $102.00. Currently ticker boasts 4 ‘Buy’ endorsements, compared to 2 ’Holds’ and no ‘Sell’.

Profitability-wise, BITA has a t-12 profit and operating margin of 21.99% and 22.73%, respectively. The $2.81 billion market cap company reported $206.7 million in cash in its most recent quarter.

BITA currently prints a one year return of about 55% and a year-to-date loss of around 5%.

Bitauto Holdings Ltd. is an Internet content and marketing services provider for the automotive industry primarily in the People’s Republic of China. The company, which manages its businesses in four segments: the bitauto.com advertising business, the EP platform business, the taoche.com business, and the digital marketing solutions business, was founded in 2000 and is headquartered in Beijing, China.

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