Bitauto Hldg Ltd (ADR) (BITA)

[tradeologist]

High-Speed Growth expected in 2014


Although 2013 revenue growth slowed down to 38% from 57% in 2012, that's still taking the company from 2012's top-line of $170M to an estimated $234M this year. And 2014 full year estimates are for 29% revenue growth to surpass the $300M mark.
Along with revenue growth, gross margin is also expanding leading many analysts to rate BITA a strong buy.

Early this November BitAuto announced a joint venture with Kelley Blue Book and the China Automobile Dealers Association (CADA) to provide data on the Chinese used car market launched these services in mobile applications to meet the country's increasingly high-tech consumer demand.

The new Web and mobile-based portal will be the direct access point for China's most comprehensive and up-to-date car valuation information and is expected to serve as a central hub for the development of China's new and used car industries.

If you are looking for a high-growth play on the Chinese consumer, BitAuto is a good option.