Autohome Inc.
- Open
- 19.33
- Day high
- 19.54
- Day low
- 18.78
- Prev close
- 19.03
- Volume
- 365K
- Mkt cap
- $2.2B
- P/E (TTM)
- 5.1
- EPS (TTM)
- $3.78
- P/B
- 0.7
- P/S
- 2.5
- Yield
- 9.05%
- Per share
- $1.75
- ▼Insiders net selling -$151K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
Autohome Inc. (ATHM) is a Communication Services company listed on NYSE. The stock is down 27% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Autohome Inc. (ATHM) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ATHM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 28, 2026 | $0.27 | $0.22 | -18.5% | $152M | -2.5% |
| Mar 5, 2026 | $0.33 | $0.37 | +12.6% | $206M | +652.6% |
| Nov 6, 2025 | $0.49 | $0.48 | -2.0% | $248M | -3.5% |
| Jul 31, 2025 | $0.53 | $0.56 | +5.7% | $245M | -2.0% |
| May 8, 2025 | $0.46 | $0.49 | +6.5% | $200M | -17.4% |
| Feb 20, 2025 | $0.55 | $0.55 | +0.0% | $244M | -0.2% |
| Jul 31, 2024 | $0.64 | $0.65 | +1.6% | $258M | -0.1% |
| Feb 6, 2024 | $0.58 | $0.58 | +0.0% | $270M | +22.7% |
| Nov 2, 2023 | $0.65 | $0.67 | +3.1% | $261M | -0.3% |
| Jul 27, 2023 | $0.61 | $0.64 | +4.9% | $253M | -6.1% |
| May 11, 2023 | $0.56 | $0.57 | +1.8% | $223M | +3.4% |
| Feb 16, 2023 | $0.66 | $0.78 | +18.2% | $277M | +0.2% |
ATHM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 2, 2026 | Zeng Yanofficer: Chief Financial Officer | Grant | 79,200 | $6.72 |
| Jun 2, 2026 | Zeng Yanofficer: Chief Financial Officer | Grant | 54,000 | — |
| Jun 2, 2026 | Zeng Yanofficer: Chief Financial Officer | Sell | 24,300 | $4.35 |
| Jun 2, 2026 | Xiang Biboofficer: Chief Technology Officer | Grant | 28,900 | — |
| Jun 2, 2026 | Xiang Biboofficer: Chief Technology Officer | Sell | 10,508 | $4.35 |
| Jun 2, 2026 | Xiang Biboofficer: Chief Technology Officer | Grant | 227,556 | $9.73 |
| Jun 2, 2026 | Long Quandirector | Grant | 80,700 | — |
| Jun 2, 2026 | Long Quandirector | Grant | 241,700 | $9.73 |
| Apr 1, 2026 | Zeng Yanofficer: Chief Financial Officer | Sell | 2,704 | $4.29 |
| Apr 1, 2026 | Xiang Biboofficer: Chief Technology Officer | Sell | 1,240 | $4.29 |
Source: ATHM SEC Form 4 filings, latest Jun 2, 2026. For informational purposes only — not investment advice.
See the full ATHM insider & 13F page →Autohome Inc. company profile
Overview
Autohome Inc. (NYSE:ATHM) is China's leading online automotive platform, founded in 2008 and headquartered in Beijing. The company went public on the New York Stock Exchange in December 2013. Originally established as a comprehensive automotive information portal, Autohome has evolved into an integrated online-to-offline ecosystem serving automobile consumers throughout their entire car ownership journey. In 2024, Haier Group became the company's new controlling shareholder, marking a significant strategic partnership aimed at enhancing the company's technological capabilities and offline expansion efforts.
Business
Autohome operates as China's premier digital automotive marketplace and information platform, serving consumers across the entire automotive lifecycle from research to purchase to ownership. The company operates through three primary business segments that collectively generated RMB 7.04 billion in revenue for 2024. Media Services (approximately 22% of revenue) functions as a digital advertising platform where automotive manufacturers and brands purchase advertising space and marketing campaigns across Autohome's websites and mobile applications. This includes banner advertisements, sponsored content, and promotional campaigns targeting specific consumer segments. The platform reaches over 77 million daily active mobile users, making it an attractive advertising destination for automakers seeking to build brand awareness and drive consumer consideration. Lead Generation Services (approximately 45% of revenue) represents the company's core business model, connecting potential car buyers with automotive dealers and manufacturers. Through subscription-based services, individual dealers pay to receive qualified sales leads generated from Autohome's platform. When consumers express interest in specific vehicles or request quotes, this information is transmitted to relevant dealers who can then contact potential customers directly. The service extends beyond simple lead referrals to include comprehensive dealer management tools and customer relationship management systems. Online Marketplace and Others (approximately 33% of revenue) encompasses various transaction-facilitated services including Autohome Mall, an e-commerce platform where consumers can purchase automotive-related products and services, including manufacturer coupons and financing products. This segment also includes the company's rapidly growing used car platform (che168.com and ttpai.cn), data analytics products sold to manufacturers and dealers, and the newer New Energy Vehicle (NEV) retail business through physical "Space Stores" and franchise locations. The NEV business alone experienced 55% year-over-year growth in 2024, reflecting the company's successful expansion into electric vehicle retail. The company operates three main digital properties: autohome.com.cn (the flagship automotive information portal), che168.com (focused on used vehicles), and ttpai.cn (a used car auction platform). These platforms provide comprehensive automotive content including vehicle reviews, pricing information, dealer listings, and user-generated content to help consumers make informed purchasing decisions.
Revenue model
Autohome generates revenue through multiple interconnected business models that capitalize on its position as China's dominant automotive information platform. The company's primary revenue streams operate on different payment structures tailored to distinct customer segments. The lead generation business operates on a subscription model where automotive dealers pay recurring fees to receive qualified sales leads from consumers browsing Autohome's platforms. Dealers typically purchase annual contracts that provide access to potential customers in their geographic markets, with contract renewal rates exceeding 85% as of 2024. This creates predictable recurring revenue, though pricing power is influenced by the overall health of China's automotive retail sector and dealer profitability. Media services revenue comes from automotive manufacturers and brands purchasing advertising placements across Autohome's digital properties. This operates on both fixed-rate advertising packages and performance-based pricing models. Revenue in this segment fluctuates based on automaker marketing budgets, new vehicle launch cycles, and overall industry advertising spend. The shift toward New Energy Vehicles has been particularly beneficial, with NEV manufacturers doubling their advertising investments on the platform. The marketplace and transaction services generate revenue through multiple mechanisms including commission fees on completed transactions, subscription fees for premium services, and direct product sales through Autohome Mall. The used car platform earns commissions on successful vehicle sales, while the data products business sells analytics and market intelligence to manufacturers and dealers on a subscription basis. Several factors significantly impact Autohome's profitability margins. Positive margin drivers include the company's dominant market position which provides pricing power, the high-margin nature of digital advertising and lead generation services, and the scalability of its technology platform. The growing adoption of AI and automation tools has also improved operational efficiency. Negative margin pressures stem from intense price competition in China's automotive market which constrains dealer spending, the substantial investments required for offline expansion and new retail initiatives, and increased competition from other digital platforms including social media and e-commerce giants entering the automotive space. Macroeconomic factors such as consumer confidence and automotive sales volumes directly impact both advertiser spending and lead generation demand.
Competitive moat
Autohome's competitive moat centers on its network effects and data advantages built over more than a decade of market leadership in China's automotive information space. The company benefits from a virtuous cycle where high consumer traffic attracts automotive advertisers and dealers, whose presence and content further enhance the platform's value to consumers. With over 77 million daily active mobile users, Autohome has achieved significant scale that would be difficult and expensive for competitors to replicate. The company's data moat is particularly strong, having accumulated extensive consumer behavior data, vehicle pricing information, and market intelligence that becomes more valuable as the dataset grows. This data enables sophisticated targeting for advertisers and provides valuable market insights that manufacturers and dealers are willing to pay premium prices to access. The integration of AI and machine learning capabilities has further strengthened this advantage by enabling more precise consumer matching and predictive analytics. However, Autohome's moat faces several significant challenges. Platform competition from tech giants like Tencent, Alibaba, and ByteDance poses a structural threat, as these companies can leverage their massive user bases and cross-platform integration to compete for automotive advertising budgets. Social media platforms and short-video apps are increasingly becoming discovery channels for automotive content, potentially reducing Autohome's role as the primary research destination. The evolving automotive retail landscape also presents risks to the traditional moat. Direct-to-consumer sales models adopted by many New Energy Vehicle manufacturers bypass traditional dealer networks, potentially reducing demand for lead generation services. Additionally, automotive manufacturers are increasingly developing their own digital marketing capabilities and direct customer relationships, which could reduce their dependence on third-party platforms like Autohome. The company's expansion into offline retail through Space Stores represents an attempt to strengthen its moat by creating physical touchpoints, but this strategy requires substantial capital investment and execution capabilities in a highly competitive retail environment. While Autohome maintains strong market position currently, the moat's durability depends heavily on successful adaptation to changing consumer behaviors and automotive industry dynamics.
Risks & safety
Autohome demonstrates a strong margin of safety with robust financial fundamentals and conservative capital structure, though valuation metrics suggest the market has recognized this stability. • Liquidity and Solvency: Excellent financial position with RMB 23+ billion in cash and short-term investments, current ratio of 5.6x, and minimal debt (debt-to-equity ratio of 0.004). No meaningful solvency risk with strong free cash flow generation of RMB 168 million in 2024. • Valuation Metrics: Trading at historically low multiples with P/E ratio of 3.6x, P/B ratio of 0.27x, and EV/EBITDA of 1.3x, suggesting significant undervaluation relative to fundamentals and historical norms. • Profitability and Cash Generation: Maintained healthy adjusted net margins of 29% with consistent profitability across business cycles. Strong return on equity of 7.5% despite conservative balance sheet management. • Dividend Policy: Committed to minimum annual dividend of RMB 1.5 billion for next three years, providing 8%+ dividend yield at current prices, supported by strong cash generation. • Other Considerations: Primary risks include China regulatory environment, automotive industry cyclicality, and competitive pressures from tech platforms, though strong market position and financial flexibility provide cushion against these headwinds.
Recent development
Over the past two years, Autohome has undergone significant strategic transformation focused on building an integrated online-to-offline automotive ecosystem. The most notable development was Haier Group becoming the new controlling shareholder in 2024, bringing manufacturing expertise and technological capabilities to enhance Autohome's physical retail expansion and operational efficiency. The company has aggressively expanded its offline presence through the "Space Store" initiative, growing from initial pilot programs to over 150 franchise locations by the end of 2024. This new retail model includes both large-format "Space Stores" in major cities and smaller "Satellite Stores" targeting lower-tier markets, representing a fundamental shift from purely digital operations to hybrid online-to-offline services. The initiative particularly focuses on New Energy Vehicle sales, where the company has partnered with multiple NEV manufacturers to provide integrated retail experiences. Artificial intelligence integration has become a central strategic pillar, with AI deployment across content creation, lead management, customer service, and business operations. The company developed AI-powered tools for dealers including automated lead scoring, customer relationship management, and market analytics. Content creation has been enhanced through AI-driven personalization and automated video production capabilities, helping maintain engagement across the platform's growing user base. The partnership with Ping An Group has deepened significantly, extending beyond the initial investment to include integrated financial services, insurance products, and data sharing initiatives. This collaboration enables Autohome to offer comprehensive automotive financing solutions and enhances the value proposition for both consumers and dealers. Strategic focus on the New Energy Vehicle market has yielded substantial results, with NEV-related revenues growing 55% year-over-year in 2024. The company has developed specialized NEV content, dedicated sales channels, and partnership programs with electric vehicle manufacturers, positioning itself as a key player in China's electric vehicle adoption. Recent initiatives also include enhanced used car platform capabilities through the TTP (ttpai.cn) platform, with new features like 30-minute online bidding services and improved B2B transaction facilitation, responding to evolving market dynamics in China's used vehicle sector.
ATHM company profile · for informational purposes only — not investment advice.
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