S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
CarMax Slides On Earnings Disappointment, Time To Celebrate?
Laser breakthrough could send stock soaring 2,467% (Ad)
Will the Energy Sector Continue to Outshine the Market?
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Laser breakthrough could send stock soaring 2,467% (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
CarMax Slides On Earnings Disappointment, Time To Celebrate?
Laser breakthrough could send stock soaring 2,467% (Ad)
Will the Energy Sector Continue to Outshine the Market?
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Laser breakthrough could send stock soaring 2,467% (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
CarMax Slides On Earnings Disappointment, Time To Celebrate?
Laser breakthrough could send stock soaring 2,467% (Ad)
Will the Energy Sector Continue to Outshine the Market?
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Laser breakthrough could send stock soaring 2,467% (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
CarMax Slides On Earnings Disappointment, Time To Celebrate?
Laser breakthrough could send stock soaring 2,467% (Ad)
Will the Energy Sector Continue to Outshine the Market?
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Laser breakthrough could send stock soaring 2,467% (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
Nike, Amicus Therapeutics rise; Vail Resorts, Hess fall, Friday, 9/29/2023
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
NASDAQ:CAAS

China Automotive Systems (CAAS) Stock Forecast, Price & News

$3.89
-0.07 (-1.77%)
(As of 09/29/2023 ET)
Compare
Today's Range
$3.89
$4.03
50-Day Range
$3.60
$5.56
52-Week Range
$3.50
$9.70
Volume
11,606 shs
Average Volume
35,963 shs
Market Capitalization
$117.42 million
P/E Ratio
4.05
Dividend Yield
N/A
Price Target
N/A

CAAS stock logo

About China Automotive Systems (NASDAQ:CAAS) Stock

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China 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 electronic and hydraulic power steering systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services, as well as markets automotive parts in North America and Brazil. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou, the People's Republic of China.

CAAS Price History

CAAS Stock News Headlines

Guess What The Fed Is Doing To Your Money Now?
For years, the Federal Reserve has been printing mountains of money jacking up interest rates and driving the U.S. into a recession. And just a few weeks ago, they did something even more disturbing. And hardly anyone is talking about it. Yet this could harm you more than money printing and interest rates. It made a frightening power grab of the U.S. dollar, and it could cause you to lose control of your cash.
Guess What The Fed Is Doing To Your Money Now?
For years, the Federal Reserve has been printing mountains of money jacking up interest rates and driving the U.S. into a recession. And just a few weeks ago, they did something even more disturbing. And hardly anyone is talking about it. Yet this could harm you more than money printing and interest rates. It made a frightening power grab of the U.S. dollar, and it could cause you to lose control of your cash.
See More Headlines
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CAAS Company Calendar

Last Earnings
8/11/2023
Today
9/30/2023
Next Earnings (Estimated)
11/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Current Symbol
NASDAQ:CAAS
Employees
4,093
Year Founded
2003

Profitability

Net Income
$21.18 million
Pretax Margin
5.37%

Debt

Sales & Book Value

Annual Sales
$529.55 million
Cash Flow
$1.63 per share
Book Value
$10.66 per share

Miscellaneous

Free Float
10,520,000
Market Cap
$117.44 million
Optionable
Optionable
Beta
2.44

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Key Executives

  • Mr. Hanlin Chen (Age 66)
    Chairman & Exec. Officer
    Comp: $401k
  • Mr. Qizhou Wu (Age 59)
    Pres, CEO & Director
    Comp: $267k
  • Mr. Jie Li (Age 53)
    Chief Financial Officer
    Comp: $160k
  • Kevin Theiss
    Mang. of Investor Relations
  • Mr. Yiu Wong Tse (Age 52)
    Sr. VP
  • Mr. Richard Gills
    Pres of California Division
  • Ms. Na Wei
    Sec.
  • Mr. Henry Chen (Age 32)
    VP













CAAS Stock - Frequently Asked Questions

Should I buy or sell China Automotive Systems stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for China Automotive Systems in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CAAS shares.
View CAAS analyst ratings
or view top-rated stocks.

How have CAAS shares performed in 2023?

China Automotive Systems' stock was trading at $5.80 at the beginning of 2023. Since then, CAAS shares have decreased by 32.9% and is now trading at $3.89.
View the best growth stocks for 2023 here
.

Are investors shorting China Automotive Systems?

China Automotive Systems saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 45,800 shares, a drop of 35.3% from the August 31st total of 70,800 shares. Based on an average daily volume of 45,300 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the company's stock are short sold.
View China Automotive Systems' Short Interest
.

When is China Automotive Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our CAAS earnings forecast
.

How were China Automotive Systems' earnings last quarter?

China Automotive Systems, Inc. (NASDAQ:CAAS) issued its earnings results on Friday, August, 11th. The auto parts company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.24. The auto parts company had revenue of $137.41 million for the quarter. China Automotive Systems had a net margin of 5.32% and a trailing twelve-month return on equity of 8.82%. During the same period in the prior year, the company posted $0.31 EPS.

What guidance has China Automotive Systems issued on next quarter's earnings?

China Automotive Systems issued an update on its FY 2023 earnings guidance on Friday, August, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $560.00 million-$560.00 million, compared to the consensus revenue estimate of $566.71 million.

What is Hanlin Chen's approval rating as China Automotive Systems' CEO?

1 employees have rated China Automotive Systems Chief Executive Officer Hanlin Chen on Glassdoor.com. Hanlin Chen has an approval rating of 100% among the company's employees. This puts Hanlin Chen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of China Automotive Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other China Automotive Systems investors own include Intelsat (I), Fossil Group (FOSL), Ciena (CIEN), Energy Transfer (ET), Pfizer (PFE), AMC Entertainment (AMC), Bank of America (BAC), Cypress Semiconductor (CY), Advanced Micro Devices (AMD) and Apollo Global Management (APO).

What is China Automotive Systems' stock symbol?

China Automotive Systems trades on the NASDAQ under the ticker symbol "CAAS."

How do I buy shares of China Automotive Systems?

Shares of CAAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is China Automotive Systems' stock price today?

One share of CAAS stock can currently be purchased for approximately $3.89.

How much money does China Automotive Systems make?

China Automotive Systems (NASDAQ:CAAS) has a market capitalization of $117.44 million and generates $529.55 million in revenue each year. The auto parts company earns $21.18 million in net income (profit) each year or $0.96 on an earnings per share basis.

How many employees does China Automotive Systems have?

The company employs 4,093 workers across the globe.

How can I contact China Automotive Systems?

China Automotive Systems' mailing address is No. 1 Henglong Road Yu Qiao Development Zone, JingZhou F4, 434000. The official website for the company is www.caasauto.com. The auto parts company can be reached via phone at 862787570027, via email at caas@compassbell.com, or via fax at 86-71-6832-9298.

This page (NASDAQ:CAAS) was last updated on 9/30/2023 by MarketBeat.com Staff

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