Autohome Rides the New Energy Vehicle Wave, Expands Energy Space Stores, Clocks Mixed Q3
Portfolio Pulse from Anusuya Lahiri
Autohome Inc reported Q3 2023 revenues of $261.2 million, up 3.4% YoY, but slightly below the consensus of $261.7 million. The company's adjusted earnings per ADS of $0.67 beat the consensus of $0.60. The company is expanding its Autohome Energy Space stores and integrating its used car business to tap into new energy vehicles opportunities. The stock has lost 18.4% YTD but is up by 1.25% at $26.56 on the last check Thursday.
November 02, 2023 | 4:08 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Autohome's Q3 revenues increased but missed the consensus, while its adjusted earnings per ADS beat the consensus. The company is expanding its Energy Space stores to tap into new energy vehicles opportunities. The stock is down 18.4% YTD but rose 1.25% on the last check.
Autohome's Q3 results were mixed with revenues missing but earnings beating the consensus. The company's expansion into the new energy vehicles market could provide growth opportunities. However, the stock's YTD performance has been negative, which might concern investors. The recent rise in stock price could be a reaction to the earnings report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100