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Bitauto (NYSE: BITA) Stock Is This Week's Biggest Bargain Buy

By , Associate Editor, Money Morning • @KyleAndersonMM -

(NYSE: BITA) stock

One of our top long-term stock picks, Bitauto Holdings Ltd. (NYSE: BITA) stock, is trading at a 41% discount this week.

BITA shares are trading at $56, down from the $95 they hit Jan. 9.

Shares of BITA stock dropped 16% March 9 even after the company reported a Q4 earnings beat. Q4 earnings were up 58% year over year, while revenue was up 101.7%.

But don't follow the crowd out of BITA stock now. It just posted strong earnings growth, and is one of the best long-term plays on the market now...