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Investment Highlights Market Valuation Price Chart Return vs. Risk About SDA Interactive Breakdown Better Bets vs. SDA Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

SunCar Technology (SDA)

Market Price (10/31/2025): $1.94 | Market Cap: $197.6 Mil
Sector: Consumer Discretionary | Industry: Automotive Retail

SunCar Technology (SDA)

Market Price (10/31/2025): $1.94
Market Cap: $197.6 Mil
Sector: Consumer Discretionary
Industry: Automotive Retail

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 13%		 Weak multi-year price returns
2Y Excs Rtn is -141%		 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.2%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40%		  Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 39x
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 13%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40%
2 Weak multi-year price returns
2Y Excs Rtn is -141%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.2%
4 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 39x
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11%

Market Valuation & Key Metrics

SDAS&P 500
REVENUE GROWTHFAIR
Rev LTM ($ Bil)0.5
Rev Chg Q1.9%6.5%
Rev Chg LTM13.2%5.4%
Rev Chg 3Y Avg13.2%5.3%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)-0.0
CFO LTM ($ Bil)0.0
Net Inc LTM ($ Bil)-0.0
Op Mgn LTM-0.2%18.7%
CFO/Rev LTM1.1%20.3%
Net Inc Mgn-2.9%12.7%
VALUATIONHIGH
P/S0.43.2
P/CFO37.915.3
P/FCF40.820.3
P/E-14.723.6
STABILITYGOOD
Debt/Equity0.420.21
Cash/Assets0.160.07

SDA Stock

   
   
   
   
   
   
   
Factor Drivers of Stock Movement
The -27.5% change in SDA stock from 5/1/2025 to 10/30/2025 was primarily driven by a -28.0% change in the company's P/S Multiple.

501202510302025Change
Stock Price ($)2.731.98-27.47%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)441.90461.124.35%
P/S Multiple0.610.44-27.98%
Shares Outstanding (Mil)98.32101.88-3.62%
Cumulative Contribution-27.57%

LTM = Last Twelve Months as of date shown
The -79.9% change in SDA stock from 10/30/2024 to 10/30/2025 was primarily driven by a -81.5% change in the company's P/S Multiple.

1030202410302025Change
Stock Price ($)9.841.98-79.88%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)407.45461.1213.17%
P/S Multiple2.360.44-81.48%
Shares Outstanding (Mil)97.82101.88-4.15%
Cumulative Contribution-79.91%

LTM = Last Twelve Months as of date shown
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Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
SDA Return----17%-79%-76%
Peers Return17%34%-13%16%1%-37%2%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
SDA Win Rate---14%75%22% 
Peers Win Rate40%37%38%42%48%53% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
SDA Max Drawdown-----25%-80% 
Peers Max Drawdown-30%-3%-30%-18%-23%-42% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AN, MUSA, GPI, AZI, JZXN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

SDA has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

Unique KeyEventXLYS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-40.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven67.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven680 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-33.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven51.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven82 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-21.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven28.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven105 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-60.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven150.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven779 days1480 days

Compare to


In The Past

SPDR Select Sector Fund's stock fell -40.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -40.3% loss requires a 67.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About SunCar Technology (SDA)

Better Bets than SunCar Technology (SDA)

 SDABetter Performance than SDA
MetricValueIndustry (Automotive Retail)
Rev Chg LTM13.2%CVNA (45.5%), GPI (19.4%), ACVA (30.1%)
Op Mgn LTM-0.2%ORLY (19.2%), AZO (19.1%), CVNA (9.4%), PAG (4.3%), LAD (4.1%)
CFO/Rev LTM1.1%ORLY (17.0%), AZO (16.5%), CVNA (3.6%), PAG (3.3%), MUSA (4.3%)
FCF/Rev LTM1.1%ORLY (10.3%), AZO (9.5%), CVNA (3.0%), PAG (2.2%), MUSA (1.9%)
Total Yield-6.7%ORLY (3.0%), AZO (4.0%), CVNA (1.5%), PAG (10.8%), LAD (12.1%)
 SDABetter Performance than SDA
MetricValueAll Other Sectors
Rev Chg LTM13.2%NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AVGO (28.0%), META (21.3%)
Op Mgn LTM-0.2%NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM1.1%NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), GOOGL (39.3%), AVGO (42.4%)
FCF/Rev LTM1.1%NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AVGO (41.6%)
Total Yield-6.7%NVDA (1.8%), AAPL (2.8%), MSFT (3.3%), GOOGL (3.9%), AVGO (1.1%)
 Best Bets In Consumer Discretionary Sector
 SDAABNB BKNG MCD ETSY LOPE PRDO ALSN CROX GRMN WH
What You Pay           
P/E-15.029.632.625.733.824.515.39.219.526.316.5
P/EBIT-75.629.819.617.914.919.111.26.917.023.39.7
What You Get           
Rev Chg Q1.9%12.7%12.7%5.4%2.4%8.8%26.6%-0.2%3.4%11.7%-3.5%
Rev Chg LTM13.2%10.2%13.0%1.2%2.0%6.5%6.3%2.7%2.0%16.6%3.4%
Rev Chg 3Y Avg�16.3%17.8%3.4%4.9%5.8%1.7%8.0%14.5%12.2%-2.5%
FCF/Rev 3Y Avg�40.5%35.6%27.2%23.8%22.6%21.0%20.9%19.8%20.5%19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

Trade Ideas

Select past ideas related to SDA. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-15.6%-15.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.2%-20.2%-20.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-13.4%-13.4%-13.4%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-1.7%-1.7%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-0.6%-0.6%-11.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-15.6%-15.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.2%-20.2%-20.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-13.4%-13.4%-13.4%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-1.7%-1.7%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-0.6%-0.6%-11.7%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences176.8%409.8%
2PUMPProPetro71.2%16.2%
3RNAAvidity Biosciences43.5%139.6%
4DYNDyne Therapeutics42.8%-0.0%
5GCIGannett39.3%3.8%
6FORMFormFactor38.3%34.7%
7MBXMBX Biosciences35.1%18.2%
8BBNXBeta Bionics33.8% 
9GHGuardant Health33.3%202.5%
10LUMNLumen Technologies32.7%94.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.2%5106.3%
2LRNStride-56.1%-35.8%
3NTLAIntellia Therapeutics-52.6%5.2%
4FMCFMC-48.7%-66.6%
5FIFiserv-47.4%-68.3%
6VRNSVaronis Systems-43.8%-21.2%
7THRYThryv-33.4%-44.8%
8NFENew Fortress Energy-30.5%-91.9%
9AKBAAkebia Therapeutics-29.5%10.5%
10UAMYUnited States Antimony-28.9%371.2%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PRAXPraxis Precision Medicines279.1%161.2%
2INBXInhibrx Biosciences131.0%409.8%
3PUMPProPetro99.6%16.2%
4DYNDyne Therapeutics88.4%-0.0%
5VICRVicor85.4%89.2%
6CELCCelcuity74.6%503.2%
7GLUEMonte Rosa Therapeutics73.5%87.5%
8NVTSNavitas Semiconductor72.1%251.8%
9LUMNLumen Technologies70.3%94.7%
10BALYBallys63.4%4.1%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical-62.9%5106.3%
2LRNStride-53.8%-35.8%
3FMCFMC-51.0%-66.6%
4FIFiserv-48.3%-68.3%
5NFENew Fortress Energy-43.6%-91.9%
6VGVenture Global-41.7% 
7OGNOrganon-40.2%-55.0%
8VRNSVaronis Systems-39.5%-21.2%
9ITGRInteger-38.5%-52.2%
10LENZLENZ Therapeutics-37.9%5.5%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences176.8%409.8%
2PUMPProPetro71.2%16.2%
3RNAAvidity Biosciences43.5%139.6%
4DYNDyne Therapeutics42.8%-0.0%
5GCIGannett39.3%3.8%
6FORMFormFactor38.3%34.7%
7MBXMBX Biosciences35.1%18.2%
8BBNXBeta Bionics33.8% 
9GHGuardant Health33.3%202.5%
10LUMNLumen Technologies32.7%94.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-75.2%5106.3%
2LRNStride-56.1%-35.8%
3NTLAIntellia Therapeutics-52.6%5.2%
4FMCFMC-48.7%-66.6%
5FIFiserv-47.4%-68.3%
6VRNSVaronis Systems-43.8%-21.2%
7THRYThryv-33.4%-44.8%
8NFENew Fortress Energy-30.5%-91.9%
9AKBAAkebia Therapeutics-29.5%10.5%
10UAMYUnited States Antimony-28.9%371.2%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for SunCar Technology

Financials

SDAANMUSAGPIAZIJZXNMedian
NameSunCar T.AutoNati.Murphy U.Group 1 .Autozi I.Jiuzi  
Mkt Price1.98195.72363.46395.780.090.3398.85
Mkt Cap0.27.47.15.1--6.1
Rev LTM46127,91519,47922,538--21,009
Op Inc LTM-11,284740983--861
FCF LTM5-178365493--185
FCF 3Y Avg-57444236--236
CFO LTM5111834778--445
CFO 3Y Avg-408831465--465

Growth & Margins

SDAANMUSAGPIAZIJZXNMedian
NameSunCar T.AutoNati.Murphy U.Group 1 .Autozi I.Jiuzi  
Rev Chg LTM13.2%6.1%-8.0%19.4%--9.6%
Rev Chg 3Y Avg-1.3%-2.7%13.0%--1.3%
Rev Chg Q1.9%6.9%-8.2%10.7%--4.4%
QoQ Delta Rev Chg LTM0.5%1.6%-2.2%2.6%--1.1%
Op Mgn LTM-0.2%4.6%3.8%4.4%--4.1%
Op Mgn 3Y Avg-5.2%3.8%5.1%--5.1%
QoQ Delta Op Mgn LTM12.2%-0.0%0.1%-0.1%--0.0%
CFO/Rev LTM1.1%0.4%4.3%3.5%--2.3%
CFO/Rev 3Y Avg-1.5%4.0%2.3%--2.3%
FCF/Rev LTM1.1%-0.6%1.9%2.2%--1.5%
FCF/Rev 3Y Avg-0.2%2.1%1.1%--1.1%

Valuation

SDAANMUSAGPIAZIJZXNMedian
NameSunCar T.AutoNati.Murphy U.Group 1 .Autozi I.Jiuzi  
Mkt Cap0.27.47.15.1--6.1
P/S0.40.30.40.2--0.3
P/EBIT-75.65.59.76.4--6.0
P/E-15.011.114.513.4--12.3
P/CFO38.766.28.56.5--23.6
Total Yield-6.7%9.0%7.4%8.0%--7.7%
Dividend Yield0.0%0.0%0.5%0.5%--0.3%
FCF Yield 3Y Avg-1.1%5.6%5.0%--5.0%
D/E0.41.30.41.1--0.8
Net D/E0.21.30.41.1--0.7

Returns

SDAANMUSAGPIAZIJZXNMedian
NameSunCar T.AutoNati.Murphy U.Group 1 .Autozi I.Jiuzi  
1M Rtn-20.0%-10.5%-6.4%-9.5%-54.0%-23.8%-15.3%
3M Rtn-11.2%1.6%0.4%-3.9%-60.1%-73.1%-7.5%
6M Rtn-27.5%11.8%-26.9%-2.1%-92.3%-85.2%-27.2%
12M Rtn-79.9%23.0%-22.7%5.2%-88.7%-79.6%-51.2%
3Y Rtn-84.1%17.2%133.0%--99.5%50.6%
1M Excs Rtn-18.5%-14.1%-9.5%-13.4%-57.7%-23.3%-16.3%
3M Excs Rtn-19.0%-6.7%-8.9%-12.8%-66.6%-77.7%-15.9%
6M Excs Rtn-49.2%-9.9%-48.6%-23.9%-114.1%-106.9%-48.9%
12M Excs Rtn-98.1%6.7%-41.5%-4.5%-104.9%-96.9%-69.2%
3Y Excs Rtn-12.8%-49.8%70.6%--176.3%-18.5%

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q4
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/2023
Filing Date10/27/20255/21/20254/28/20252/4/20259/13/20245/21/20254/29/2024
Key Financials Quarterly       
Total Revenue12010312911011786113
Ebitda1-112-53-3-10
Operating Income2-300-54-5-12
Net Income-4-3-4-2-59-3-18
EPS-0.04-0.03-0.04-0.01-0.63-0.04-0.20
Key Financials TTM       
Total Revenue TTM461459442426407--
Ebitda TTM4-50-52-63-68--
Operating Income TTM-1-57-58-70-75--
Net Income TTM-13-69-69-82-86--
Growth Rates Quarterly       
Total Revenue Growth1.9%19.9%14.0%20.4%---
EBITDA Growth102.7%55.8%114.8%176.3%---
Operating Income Growth103.3%34.9%100.0%105.2%---
Net Income Growth93.3%-4.1%77.6%64.0%---
Margins Quarterly       
EBITDA Margin1.2%-1.2%1.2%1.9%-44.8%-3.2%-8.9%
Operating Income Margin1.5%-2.9%0.0%0.2%-46.0%-5.3%-10.5%
Net Income Margin-3.3%-3.3%-3.0%-2.0%-50.5%-3.8%-15.5%
Cash & Debt       
Total Cash4660484242-52
Total Debt8385848482084
Net Debt / (Cash)3824364240-32
Cash Flows Quarterly       
FCF from Operations0-91142-43
Cash Flows TTM       
FCF from Operations TTM57125-10--
Returns to Shareholders Quarterly       
Dividends0000000
Share Repurchases214-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly       
ROIC2.6%-4.5%0.0%0.4%-88.1%--27.3%
Return on Invested Capital (ROIC) TTM       
ROIC TTM-0.4%-22.0%-24.0%-28.0%-30.6%--

Price Behavior

SDA Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta-2.73-0.060.120.940.81-0.57
Up Beta-2.580.060.790.540.510.83
Down Beta-10.15-0.81-1.871.791.590.33
Up Capture-154%51%20%8%-18%-1%
Bmk +ve Days13233574144420
Stock +ve Days9212750112277
Down Capture-192%-52%68%131%115%32%
Bmk -ve Days8192952107330
Stock -ve Days12213266129297

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity132,886
Short Interest: % Change Since 9302025-7.0%
Average Daily Volume78,242
Days-to-Cover Short Interest1.70
Basic Shares Quantity101,879,133
Short % of Basic Shares0.1%

Returns Analyses

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025102720256-K 6/30/2025
331202552120256-K 3/31/2025
12312024428202520-F 12/31/2024
930202420420256-K 9/30/2024
630202491320246-K 6/30/2024
12312023429202420-F 12/31/2023
630202392820236-K 6/30/2023
12312022714202320-F 12/31/2022
123120213302023424B3 12/31/2021

Insider Activity

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