Company did not provide specific guidance for the current quarter or full year in the press release
Result drivers
Dealer spending drop - Co said lower dealer spending and fewer paying dealers led to a decline in leads generation services revenue
Vehicle sales business - Co said reduced revenue from the vehicle sales business drove a drop in online marketplace and others revenue
Lower marketing expenses - Co said sales and marketing expenses fell due to decreased marketing and promotional expenses
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Autohome Inc is $21.00, about 6.6% below its August 19 closing price of $22.48
The stock recently traded at 16 times the next 12-month earnings versus a P/E of 11 three months ago
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