Sales Continue to Boom at Bitauto Hldg Ltd (ADR), While Profitability Growth Takes a Back Seat [The Motley Fool]
BITAUTO HOLDINGS (BITA)
Last bitauto holdings earnings: 3/26 06:00 am
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ir.bitauto.com
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Source: The Motley Fool
Here's why the stock is up as much as 10% following its earnings release. The Chinese auto market represents an enormous opportunity for investors: The value of auto-related transactions in the country is expected to grow from $23 billion last year to $89 billion by 2021. An opportunity like that is bound to attract competition, which is why it's important for any company you invest in to have a defensible moat . Bitauto ( NYSE:BITA ) , which offers online platforms for car-sellers in China as well as transaction services to make the car-buying process smoother, is spending a lot of money today in the hopes of building that moat and capturing this huge opportunity. Image source: Getty Images Financial results released by the company on Wednesday show that, while the company is still very popular in the auto industry -- demonstrated by its strong sales growth -- it is also spending hand over fist to secure that long-term advantage. Bitauto earnings: The ra
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