 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Autohome Inc. (ATHM) operates as an online destination for automobile consumers in the Peoples Republic of China.
The company through its Websites, autohome.com.cn and che168.com delivers independent and interactive content to automobile buyers and owners, including professionally produced content that comprise automobile-related articles and reviews, pricing trends in various markets, and photos and video clips; automobile library, which includes a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other unique features, as well as manufacturers suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content.
It also offers advertising services for automakers and dealers; dealer subscription services that allow dealers to market their inventory and services through its Websites; used automobile listings services, which allow used automobile dealers and individuals to market their automobiles for sale on its Websites; and automobile dealer subscription services to enable dealers to establish and maintain online showrooms of automobiles with pricing and promotional information on autohome.com.cn, as well as operates automotive aftermarket services platform that integrates services descriptions and pricing information into an easily accessible database, through which its users could identify and research local automobile services shops, schedule various services with them, and offer real-time feedback on the service providers. In addition, the company provides technical and consulting services.
Shares have formed a bullish "cup & handle" following the copmay's better than expected earnings report. We expect higher share prices for this stock. Please note that this is a recent IPO, and some insiders may sell into the recent rally!
52-Week Trading Range: $26.51 - $40.68
Entry Price: $36.20
Stop Loss: $34.30
Target Price: $39.74
ATHM exceeded our target price. Position closed at $40.00. We believe this stock is heading higher. If you elect to stay in the trade, raise your stop loss to $39.00 to protect your gains.
