China Automotive Systems (NASDAQ:CAAS) Announces Earnings Results

Key Points

• China Automotive Systems reported quarterly earnings of $0.25 per share with a revenue of $176.24 million and updated its fiscal year 2025 guidance.
• Shares of the company traded at $4.12 with a market capitalization of $124.30 million and a P/E ratio of 4.29.
• Wall Street analysts upgraded China Automotive Systems from a "hold" rating to a "buy" rating, signaling increased investor confidence.

China Automotive Systems (NASDAQ:CAAS - Get Free Report) announced its quarterly earnings data on Wednesday. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, Zacks reports. China Automotive Systems had a net margin of 4.22% and a return on equity of 7.39%. The company had revenue of $176.24 million for the quarter. China Automotive Systems updated its FY 2025 guidance to EPS.

China Automotive Systems Trading Down 0.2%

Shares of NASDAQ:CAAS traded down $0.01 during trading on Tuesday, hitting $4.03. 13,111 shares of the stock were exchanged, compared to its average volume of 34,225. The company has a market cap of $121.59 million, a PE ratio of 4.15 and a beta of 2.58. The company has a fifty day moving average price of $4.16 and a two-hundred day moving average price of $4.17. China Automotive Systems has a 12-month low of $3.42 and a 12-month high of $5.37.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of China Automotive Systems from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.

Institutional Trading of China Automotive Systems

An institutional investor recently raised its position in China Automotive Systems stock. Empowered Funds LLC boosted its holdings in shares of China Automotive Systems, Inc. (NASDAQ:CAAS - Free Report) by 8.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,258 shares of the auto parts company's stock after acquiring an additional 12,402 shares during the period. Empowered Funds LLC owned about 0.52% of China Automotive Systems worth $691,000 at the end of the most recent reporting period. 5.17% of the stock is owned by hedge funds and other institutional investors.

China Automotive Systems Company Profile

China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronics and systems and parts.