Autohome Inc ADR
ATHM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| JH> | LOCK|@$ | LOCK|T!%^%DJ |
Autohome Earnings: Revenue and Profit Continue to Decline Amid Weak Auto Demand; Shares Fairly Valued
Autohome’s third-quarter revenue declined 26% year on year. A shift in revenue mix toward higher-margin businesses and lower contributions from offline retail led to a 350-basis-point improvement in gross margin. Despite disciplined cost control, net profit fell 54%.
