Why These 15 Automotive Stocks Have Been Plunging In 2025

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5. SunCar Technology Group Inc (NASDAQ:SDA)

Number of Hedge Fund Holders In Q4 2024: 5

SunCar Technology Group Inc (NASDAQ:SDA) is a cloud-based digitalized automotive after-sales services and online auto insurance intermediation company.

The stock is down significantly so far in 2025 after SunCar reported widening losses, with a net loss of $82.27 million over the trailing twelve months. This raised concerns about the company’s ability to achieve profitability.

Plus, SunCar announced a follow-on public offering of up to $50 million in Class A Ordinary Shares, with an additional $7.5 million option for underwriters. This immediately tanked the stock due to dilution potential.

The consensus price target of $12 implies 147% upside.

SDA stock is down 50.26% year-to-date.

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