Overview
China's leading auto platform's Q4 revenue declined yr/yr
Adjusted net income for Q4 decreased yr/yr
Company announced US$200 mln share repurchase program
Outlook
Autohome focuses on AI to drive product innovation and optimize operations
Result Drivers
MEDIA SERVICES DECLINE - Reduced advertising spending by ICE automakers amid shrinking sales volumes impacted media services revenue
LEADS GENERATION DECLINE - Decline in leads generation services revenue due to fewer paying dealers and lower average revenue per dealer
ONLINE MARKETPLACE GROWTH - Online marketplace and others revenues increased, driven by new retail business performance
Company press release: ID:nPn7SplhBa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | RMB 1.46 bln | ||
Q4 Adjusted EPS | RMB 2.59 | ||
Q4 Adjusted Net Income | RMB 303.7 mln | ||
Q4 Net Income | RMB 233.9 mln | ||
Q4 Operating Expenses | RMB 1.11 bln | ||
Q4 Operating Profit | RMB 92.3 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for Autohome Inc is $25.40, about 41.4% above its March 4 closing price of $17.96
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)