Autohome (NYSE:ATHM) Approves Stock Buyback Program

Autohome (NYSE:ATHMGet Free Report) announced that its board has initiated a share buyback program on Wednesday, September 4th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

ATHM has been the subject of a number of recent research reports. StockNews.com raised Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Citigroup reissued a “neutral” rating and issued a $28.00 target price (down from $31.00) on shares of Autohome in a research report on Friday, July 19th.

Read Our Latest Analysis on Autohome

Autohome Price Performance

Shares of Autohome stock traded down $0.02 during trading hours on Monday, reaching $27.55. The company had a trading volume of 400,829 shares, compared to its average volume of 474,069. Autohome has a one year low of $21.89 and a one year high of $30.92. The business has a fifty day simple moving average of $25.19 and a 200 day simple moving average of $26.29. The firm has a market cap of $3.34 billion, a PE ratio of 13.06 and a beta of 0.14.

Autohome (NYSE:ATHMGet Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The information services provider reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $4.12. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that Autohome will post 1.96 EPS for the current year.

Autohome Company Profile

(Get Free Report)

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.

Further Reading

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