SunCar Technology Group ((NASDAQ: SDA) is a leading Chinese cloud-based provider of digital enterprise auto services and auto eInsurance services in China. The company offers one-stop, fully digital, on-demand automotive service systems to help enterprise clients build up their customer base and serve their end customers (auto owners). The company has grown revenues rapidly in recent years, which we expect to continue in the near-to-midterm. SunCar has ample liquidity after raising capital in 2023 and now has approximately $44.6 million in cash and equivalents as of 6/30/2024. We believe the stock to be significantly undervalued.
