This Key Detail From Bitauto's Earnings Should Have Investors Excited [The Motley Fool]
BITAUTO HOLDINGS (BITA)
Last bitauto holdings earnings: 3/26 06:00 am
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Source: The Motley Fool
Beating on estimates is nice, but this trend in transaction payments is even better. There's an enormous opportunity in the Chinese auto market. If a single player can create a platform that provides advertising, website hosting, and an ecosystem that connects auto dealers, car buyers, financiers, and insurance agents, it could be a coup. That's exactly what Bitauto ( NYSE:BITA ) is hoping to do through its namesake advertising and digital marketing arms, as well as its 44% stake in Yixin -- the transaction company aimed at connecting the aforementioned stakeholders. The company released earnings this week that had Wall Street excited, but there was an underappreciated tidbit that should have long-term shareholders very excited. Image source: Getty Images. Bitauto earnings: The raw numbers Before we get to that key detail, let's look and see what the company accomplished on the top and bottom lines. Metric Q2 2018 Q2 2017 Growth
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