ATHM - It's A Good Time To Short Autohome
Investment Thesis
The revenue growth of Autohome (ATHM) has shown sign of slowing down, and a number of competitors will shake their leading position as well. On the other side, the integration with Ping An Group's (PNGAY) financial business is far from material for ATHM. At P/E ratio ((TTM)) close to 40, I believe the stock is in SHORT range.
The Company
Autohome was designated as No.1 automotive website and automotive internet channel, which went IPO in 2013. ATHM has experienced a great year in 2017, with stock price went up from US$