China has the largest car market in the world.
They not only dominate total new sales but they also have the fastest growing used car market. And one company is leading the way with plenty of upside potential.
Autohome (ATHM) owns and operates China's leading online platforms for automobile consumers. This is a perfect fit for Chinese consumers who are the biggest car market and the most active online shoppers in the world.
Autohome is similar to CarGurus in the United States. You can use CarGurus to source information about new and used cars from around the country. You learn everything you need to know from the comfort of your home including how to get in touch with the seller.
Autohome is CarGurus on steroids. They have more than 55,000 different model configurations connecting consumers to new and used cars from 92 different automakers and more than 24,500 nationwide dealers.
The site recently had 42 million active daily users providing the company the ability to connect buyers and sellers and the ability to generate handsome advertising revenue. The advertising revenue accounts for 40% of overall revenues and is growing double digits.
With a consumer comfortable with online shopping and a growing used car market, Autohome is in the right place to generate a ton of cash. Check it out today!
Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.
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