May. 14 at 2:49 PM
$ATHM I had a bunch of low ball bids sitting in the mid-low 17s for ages that I was never expecting to get filled. Surprise, surprise and decent fills at 17.33 - 17.55 this morning to add to the heap and China algos gone wild. Not sure if I wake up to my 16s getting filled that I will be so happy and we were so close to a decent breakout. Q1 2026 China auto sales ex-exports were weak, which means mediocre numbers for ATHM. However, this is not a short term story and the fact remain that they will dividend out no less than
$218 million this year, doing a 200 million buyback, 20% overall yield, highly profitable and selling over 1 billion under cash value. The parent will eventually buy them out down the road. This is a long-term and add story.
