Autohome Plunges 10.96% on Earnings Miss

Generated by AI AgentAinvest Movers Radar
Thursday, Apr 24, 2025 5:44 am ET1min read

On April 24, 2025, Autohome's stock price experienced a significant drop of 10.96% in pre-market trading, reflecting a notable decline in investor sentiment.

Autohome's full-year 2024 earnings report revealed that the company missed earnings per share (EPS) expectations, which likely contributed to the recent stock price decline. The company reported revenue of CN¥7.04 billion, a 2.0% decrease from the previous year, indicating potential challenges in maintaining revenue growth.

Despite the recent downturn, Autohome's stock had previously shown signs of recovery, with shares crossing above their 200-day moving average. This technical indicator suggested a potential upward trend, but the recent earnings miss has overshadowed these positive signals.

Additionally, Autohome's stock has been subject to significant trading activity, with major holders and institutional investors adjusting their positions. This increased trading volume may have exacerbated the recent price volatility, as investors react to the company's financial performance and market conditions.

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