Tag Archives: athm

Autohome Q3 EPS, Sales Poised To Rise On Ad Spending

Industry analysts say that Autohome — China’s No. 1 online car sales company — is poised to report a robust Q3 early Wednesday. The analysts expect the company’s earnings to surge as it boosts advertising in new geographic markets and its auto dealer clients buy more ads. Autohome (ATHM) guided Q3 revenue of $81.7 million to $85.1 million for Q3, up 51% to 57% year-over-year. Analysts polled by Thomson Reuters had expected revenue of $84.8, up

Why China Car Sites Autohome, BitAuto Are Sputtering

Shares of Autohome (ATHM) and BitAuto (BITA), China’s leading auto web sites, lost power for the second straight day Thursday. After falling more than 4% on Wednesday, Autohome was down nearly 9% Thursday afternoon. BitAuto was off 1% on the stock market today, after a nearly 5% drop Wednesday. Hong Kong-based analyst You Na of ICBCI said that high valuations and inflated expectations for used cars and new initiatives in e-commerce are likely

Autohome Jumps On Bull Mood For Chinese Auto Industry

Chinese car buyers’ website Autohome (ATHM) surged 10.3% in twice average volume Monday, hitting a four-month high and closing at 41.64. There was no particular news on the company, but it may have had to do with bullish comments on the state of China’s car sales by a government researcher Monday, citing the Internet specifically as a growth driver. Similar company BitAuto (BITA) also was up in strong volume Monday. BitAuto stock rose 5.4% and