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Benzinga
Benzinga
World
The Bamboo Works

Investors See Better Road Ahead for Autohome Despite Profits Setback

Autohome China CICC Covid-19

Key Takeaways:

  • Autohome’s adjusted net income tumbled 40% during the first quarter, less than the 50% drop expected by the market. Relieved investors sent the share price soaring 19% over three trading days
  • The company’s business is expected to pick up in the second half of the year as auto production normalizes, policy support kicks in and market demand rallies
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