AutoHome Inc Receives a Buy from Brean Capital

Brean Capital analyst Fawne Jiang reiterated a Buy rating on AutoHome Inc (NYSE: ATHM) today. The company’s shares opened today at $23.87.

According to TipRanks.com, Jiang is a 5-star analyst with an average return of 5.2% and a 46.2% success rate. Jiang covers the Technology sector, focusing on stocks such as Bitauto Holdings Limited, China Mobile Games, and Soufun Holdings.

AutoHome Inc has an analyst consensus of Moderate Buy.

Based on AutoHome Inc’s latest earnings report from June 30, the company posted quarterly revenue of $207.7M and quarterly net profit of $52.1M. In comparison, last year the company earned revenue of $141.2M and had a net profit of $36.32M.

Autohome, Inc. engages in the operation and maintenance of automobile websites. Its websites autohome.com.cn and che168.com and mobile applications delivers interactive content for automobile buyers and consumers. The company was founded in June 2008 and is headquartered in Beijing, China.