24/7 Market News Snapshot 14 February, 2025 – Zoomcar Holdings, Inc. Common Stock (NASDAQ:ZCAR)

February 14, 2025

DENVER, Colo., 14 February, 2025 (247marketnews.com) – (NASDAQ:ZCAR) are discussed in this article.
Zoomcar Holdings, Inc. (ZCAR) opened at $1.65 today, but has experienced a downturn, currently trading at $1.408, reflecting a decrease of approximately 4.86% from a previous close of $1.480. The trading activity has been significant, with a volume of 15.63 million shares, indicating heightened investor engagement potentially influenced by market developments or technical indicators. The decline below the opening price may suggest resistance at higher levels, and the robust trading volume could signify profit-taking or sell-off pressure. Investors and analysts are advised to closely observe support levels and any emerging reversal patterns for future trading prospects.

In a contrasting announcement, Zoomcar has reported exceptional growth in its fiscal third-quarter results for the period ending December 31, 2024. The company noted an impressive 19% year-over-year increase in bookings, totaling 103,599, driven by a doubling of repeat user rates that highlights customer loyalty towards its services. Additionally, the contribution profit reached an all-time high of $1.28 million, which constitutes 52% of total revenue and positions Zoomcar for ongoing financial health.

The company also recorded a substantial 28% reduction in revenue-related costs and improvements in technology spending, contributing to a notable decrease in Adjusted EBITDA loss, which dropped to $3.15 million from $10.17 million in the prior year. As part of its strategic focus on customer satisfaction, Zoomcar reported a rise in average guest ratings to 4.70 out of 5, along with a 24% increase in high-quality vehicles available on its platform.

These developments underscore Zoomcar’s commitment to enhancing service quality while optimizing operational efficiencies as it continues on its growth trajectory. Further details will be available during the upcoming earnings call.

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