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tradeologist

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tradeologist

Re: None

Monday, 03/09/2015 2:06:45 PM

Monday, March 09, 2015 2:06:45 PM

Post# of 32
-16% on margin/spending concerns

Margin concerns have much to do with the selloff: In spite of a 97% Y/Y Q4 revenue increase, gross margin fell to 68.4% from Q3's 80.3% and the year-ago period's 79.1%. Bitauto blames "an increase in direct costs in new products and services on the EP [auto dealer advertising/CRM] platform, higher-direct-cost services and an increase in tax and related surcharges."
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