The stock of Zhongzhi Car Fufu (AZI, Financial) experienced a significant drop, falling by 7.85%. The share price is now $0.958, with a trading volume of 24,083 shares and a turnover rate of 0.02%. The volatility reached 10.38%.
The latest financial reports show that Zhongzhi Car Fufu recorded a revenue of $6.68 million and a net loss of $1.39 million, resulting in an earnings per share of -$0.01. The gross profit was $15,398.29, and the price-to-earnings ratio stands at -4.44. No institutional ratings for buy, hold, or sell recommendations are currently available for this stock.
Within the automotive retail industry, which saw an overall decline of 1.19%, other stocks showed mixed performances. Cheetah Net Supply Chain Service Inc., Kaixin Auto, and Lazydays Holdings, Inc. saw notable gains. In terms of trading activity, Kaixin Auto, Cheetah Net Supply Chain Service Inc., and Carvana Co. were particularly active, with turnover rates of 172.34%, 11.04%, and 0.79%, respectively. Kaixin Auto, Cheetah Net Supply Chain Service Inc., and Uxin displayed high volatility, with respective amplitude changes of 49.14%, 13.61%, and 13.15%.
Zhongzhi Car Fufu is a leading automotive service provider in China, delivering a range of products and services through both online and offline channels. The company has developed an automotive service ecosystem connecting car manufacturers, parts producers, insurance companies, and various car owners via its online supply chain cloud platform, SaaS platform, and MBS store network. The main revenue drivers are new car sales and the distribution of automotive parts and accessories.
