Autohome Inc (ADR) (NYSE:ATHM) announced that Mr. Yan Kang and Mr. Jiun Lang Wang have been appointed as directors on the board of directors of the Company (the “Board”), and Mr. Xiang Li and Mr. James Zhi Qin have resigned from the Board, effective as of September 30, 2016.
Mr. Kang has been appointed as president of the Company since June 25, 2016, and he has over 20 years of experience in management consulting and in industry. He was previously director and senior partner at Bain & Company based in Beijing, and co-led Bain’s Asia-Pacific Digital practice, as well as being an expert in the firm’s Consumer Products and Financial Services practices. As a digital expert, Mr. Kang worked with clients to address the growth opportunities that new digital technologies enable. Prior to Bain, he worked at other consultancies both in China and the U.S., and before that worked at Royal Dutch Shell plc in China. Mr. Kang holds a bachelor’s degree from Tsinghua University and an MBA degree from the Yale School of Management.
Autohome Equity Analysis
Autohome Inc (ADR) (NYSE:ATHM) opened trading today as $26.84 and is trading in the range of 25.10-26.90 today. Autohome’s current market cap stands at $3.05 billion.
Autohome is currently covered by 12 Wall Street analysts. The mean target price is $29.32 according to First Call. This presents a solid upside to the current price of the equity. The Mean Recommendation sits at 2.4 which is based on 4 Strong Buy, 3 Buy and 4 Hold ratings.
The most recent analyst actions consisted of CLSA upgrading the stock on August 17th and Credit Suisse initiating coverage with an downgrade rating back in June.
The current quarter EPS revenue estimates of 385.18M.
Autohome Inc. is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners. These services are offered to automakers and dealers, and advertising agencies that represent automakers and dealers in the automobile industry. The Company’s autohome.com.cn targets automobile consumers with a focus on new automobiles. The Company’s professionally produced content is created by editorial team and includes automobile-related articles and reviews, pricing trends in various local markets, and photos and video clips. Its database also includes new and used automobile listings and promotional information. Its dealer subscription services allow dealers to market their inventory and services through its Websites.