Autohome: Dividend Yield Is The Only Road Left As Core Business Stalls

  • Autohome's Q1-25 results show persistent weakness in key segments due to industry disintermediation and structural issues, with no meaningful recovery expected soon. Despite innovative efforts in the EV marketplace, the growth is insufficient to offset declines in media services and lead generation. The stock is upgraded to HOLD due to limited downside, supported by a 9% yield from dividends and share buybacks.