Autohome Inc Stock Price, News & Analysis

Autohome reported Q3 2021 revenue of 1.764 billion yuan (approx. US$280 million), with a 32% contribution from new businesses. Adjusted net profit was 583 million yuan (approx. US$91.3 million), yielding a margin of 33.1%. The company plans a US$200 million share repurchase over 12 months, citing undervaluation. Daily active mobile users grew to 43.87 million, up 12.3%. Revenue from EV brands surged 104%. Despite challenges in the automotive sector, Autohome aims for sustainable growth through strategic collaborations.

Autohome Inc. (NYSE: ATHM) announced its Q3 2021 financial results, reporting net revenues of RMB 1,763.8 million ($273.7 million), down from RMB 2,315.6 million in Q3 2020. Net income attributable to the company was RMB 521.7 million ($81.0 million), compared to RMB 846.7 million in the prior year. The company revealed a US$200 million share repurchase program, highlighting confidence in its fundamentals. Online marketplace revenues grew by 2.5% year-over-year. However, media services revenues and lead generation services faced declines due to decreased marketing spending amid ongoing supply chain issues.

Autohome Inc. (NYSE: ATHM) announced its annual general meeting of shareholders set for December 16, 2021, in Beijing. Shareholders of record on November 10, 2021, will be eligible to vote. The meeting will address resolutions outlined in the Notice of AGM, available on the Autohome website. Additionally, the company has filed its annual report for the fiscal year ended December 31, 2020, with the SEC, accessible via its website and the SEC's website.

Autohome Inc. (NYSE: ATHM) announced its annual general meeting scheduled for December 16, 2021, at 4:00 p.m. local time in Beijing. Shareholders as of November 10, 2021, will have voting rights. The meeting will address resolutions requiring shareholder approval. Additionally, the annual report for the fiscal year ending December 31, 2020, has been filed with the SEC and is accessible on Autohome's website. The company remains a leading online platform for automobile consumers in China.

Autohome Inc. (NYSE: ATHM) will announce its third quarter 2021 financial results before U.S. markets open on November 18, 2021. The earnings conference call is scheduled for 7:00 AM ET on the same day, allowing investors to gain insights into the company's performance. Autohome, a leading online platform for automobile consumers in China, focuses on engaging users with a wide range of auto-related content and services. The company’s services include dealer subscriptions and advertising to enhance visibility and lead generation for dealers.

Autohome Inc. (NYSE: ATHM) recently announced board changes, appointing Jun Lu as a director effective October 19, 2021. Lu brings 26 years of experience in corporate management and finance, most recently managing a RMB 500 billion investment portfolio at Ping An Insurance. He has held leadership roles at various organizations, including Yoozoo Holding Group and PwC Shanghai. Dong Liu resigned from the board due to personal commitments. Chairman Quan Long expressed gratitude to Liu and optimism for Lu's contributions to the company.

On October 8, 2021, Autohome Inc. (NYSE: ATHM) announced the resignation of Mr. Xiao Wang as Chief Technology Officer due to personal commitments. Mr. Bibo Xiang has been appointed as the new CTO, taking immediate charge of the company's technology framework. Xiang brings extensive experience from previous roles in companies like VIPKID and Yahoo. The board expressed gratitude towards Wang for his contributions to enhancing the company's technology infrastructure. Autohome remains a key player in China's online automobile market, focusing on innovation and user engagement.

Autohome Inc. held its 2021 Investor Day on September 15 in Beijing, where Chairman and CEO Quan Long outlined strategic upgrades for the company amid the evolving Chinese auto market. Emphasizing the impending growth of the second-hand vehicle sector, Long indicated that innovation is crucial for stakeholders. Autohome reported a 16% year-over-year increase in daily active users, reaching 44.1 million in Q1 2021, solidifying its position as the leading internet platform in the auto space. The company plans to leverage partnerships, particularly with Ping An, to enhance auto services and achieve diverse revenue streams.

Autohome Inc. (NYSE: ATHM) reported its financial results for Q2 2021, revealing a net revenue of RMB1,938.0 million ($300.2 million), down from RMB2,313.3 million in Q2 2020. Net income attributable to ordinary shareholders fell to RMB746.7 million ($115.7 million), compared to RMB824.5 million last year. However, revenues from new initiatives grew by 10.0%, contributing 30.7% to total revenues. Data products saw a 47.1% increase year-over-year. Adjusted net income was RMB790.2 million ($122.4 million), down from RMB881.0 million. The company ended Q2 with cash equivalents of RMB18.43 billion ($2.85 billion).