Autohome Inc. operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps. It provides media services, including automaker advertising services and regional marketing campaigns; and leads generation services comprising dealer subscription services, advertising services for individual dealers, and used automobile listing and other platform-based services. The company also offers Autohome Mall, an online transaction platform for users to review automotive-related information, purchase coupons offered by automakers for discounts, and make purchases to complete the transaction; data products; and online bidding platform for used automobiles, as well as collects commissions for facilitating transactions of auto-financing and insurance products on its platform. The company was formerly known as Sequel Limited and changed its name to Autohome Inc. in October 2011. Autohome Inc. was incorporated in 2008 and is headquartered in Beijing, the People's Republic of China.
Autohome Stock Up 1.4 %
ATHM Stock traded up $0.50 during trading on Thursday, hitting $36.01. The company had a trading volume of 574,776 shares, compared to its average volume of 773,878. The firm has a 50-day moving average price of $36.12 and a 200-day moving average price of $31.52. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 19.40 and a beta of 0.09. Autohome has a 12 month low of $20.49 and a 12 month high of $52.34.
Autohome (NYSE:ATHM - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The information services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $0.45 by $3.32. Autohome had a net margin of 22.45% and a return on equity of 8.49%. During the same period in the previous year, the company posted $0.97 EPS. Equities analysts expect that Autohome will post 2.22 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Citigroup raised their price objective on Autohome from $33.00 to $41.00 and gave the company a "buy" rating in a report on Tuesday, June 28th. Daiwa Capital Markets started coverage on Autohome in a report on Tuesday, July 12th. They set a "buy" rating for the company. Bank of America upgraded Autohome from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $31.00 to $42.00 in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft started coverage on Autohome in a research note on Friday, August 5th. They set a "hold" rating for the company. Finally, CLSA raised Autohome from an "underperform" rating to an "outperform" rating and lifted their price target for the stock from $29.30 to $42.50 in a research report on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Autohome has a consensus rating of "Moderate Buy" and a consensus target price of $43.19.