Stock of the Day

August 1, 2024

Autohome (ATHM)

$21.91
-$0.92 (-4.0%)
Market Cap: $2.63B

About Autohome

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 offers Autohome Mall, an online transaction platform; 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.

Today's Trend

Autohome Inc. (NYSE: ATHM) is under pressure after its latest quarterly report showed weaker-than-expected results and a sharp drop in revenue, even as management outlined plans to support shareholders and improve alignment.

Overall, ATHM appears to be moving lower on the back of the weak earnings miss and steep year-over-year revenue decline, with shareholder-friendly actions like the dividend helping offset some of the bearish sentiment.

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