Watch List Stock News: Autohome Inc (NYSE: ATHM)

On Tuesday, Autohome Inc (NYSE: ATHM) started its trading session with the price $80.75 and closed at price of $85.07 by scoring 6.02%. Day range of the stock was $80.51 – $86. ATHM stock traded with total volume of 631,744 shares while the average trading capacity remained 451816 shares.

Autohome Inc. (ATHM) recently reported its unaudited financial results for the second quarter ended June 30, 2020.

Unaudited Second Quarter 2020 Financial Results

Net Revenues

Net revenues in the second quarter of 2020 were RMB2,313.3M ($327.4M), contrast to RMB2,309.0M in the corresponding period of 2019.

  • Media services revenues were RMB932.1M ($131.9M), contrast to RMB1,028.3M in the corresponding period of 2019. The decline was primarily Because of the decrease in average revenue per automaker advertiser.
  • Leads generation services revenues were RMB841.0M ($119.0M), contrast to RMB888.8M in the corresponding period of 2019. The decline was primarily Because of the decrease in the number of paying dealers.
  • Online marketplace and others revenues increased by 37.8% to RMB540.2M ($76.5M) from RMB391.9M in the corresponding period of 2019. The increase was driven by data products as well as auto-financing and transaction businesses.

Cost of Revenues

Cost of revenues was RMB265.2M ($37.5M), contrast to RMB263.6M in the corresponding period of 2019. In addition, cost of revenues included share-based compensation expenses of RMB6.2M ($0.9M) during the second quarter of 2020, contrast to RMB4.1M for the corresponding period of 2019.

Operating Expenses

Operating expenses were RMB1,281.3M ($181.4M) in the second quarter of 2020, contrast to RMB1,335.3M in the corresponding period of 2019.

  • Sales and marketing expenses were RMB872.4M ($123.5M) in the second quarter of 2020, contrast to RMB892.9M in the corresponding period of 2019. Sales and marketing expenses for the second quarter of 2020 included share-based compensation expenses of RMB9.3M ($1.3M), contrast to RMB12.9M in the corresponding period of 2019.
  • General and administrative expenses were RMB82.5M ($11.7M) in the second quarter of 2020, contrast to RMB81.8M in the corresponding period of 2019. General and administrative expenses for the second quarter of 2020 included share-based compensation expenses of RMB15.2M ($2.1M), relatively flat contrast to the corresponding period of 2019.
  • Product development expenses were RMB326.4M ($46.2M) in the second quarter of 2020, contrast to RMB360.6M in the corresponding period of 2019. Product development expenses for the second quarter of 2020 included share-based compensation expenses of RMB24.8M ($3.5M), contrast to RMB20.2M in the corresponding period of 2019.

Operating Profit

Operating profit was RMB870.7M ($123.2M) in the second quarter of 2020, contrast to RMB835.3M in the corresponding period of 2019.

Income Tax Expense

Income tax expense was RMB174.4M ($24.7M) in the second quarter of 2020, contrast to RMB147.3M in the corresponding period of 2019.

Net Income Attributable to Autohome Inc. and EPS

Net income attributable to Autohome Inc. was RMB824.5M ($116.7M) in the second quarter of 2020, contrast to RMB801.9M in the corresponding period of 2019. Basic and diluted earnings per share/per ADS or “EPS” were RMB6.92 ($0.98) and RMB6.89 ($0.97), respectively, contrast to basic and diluted EPS of RMB6.77 and RMB6.70, respectively, in the corresponding period of 2019.

ATHM’s shares are at 1.65% for the quarter and driving a -2.92% return over the course of the past year.  Right now the stock beta is 1.02. The average volatility for the week and month was at 4.36% and 3.24% respectively. There are 119.16M shares outstanding and 10.08B shares are floated in market.

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