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China Automotive Systems, Inc. (CAAS)

NASDAQ: CAAS · IEX Real-Time Price · USD
3.49
+0.12 (3.56%)
After-hours:Sep 17, 2021 4:01 PM EDT
3.37
-0.01 (-0.30%)
At close: Sep 17, 4:00 PM
Market Cap103.97M
Revenue (ttm)511.84M
Net Income (ttm)5.48M
Shares Out30.85M
EPS (ttm)0.18
PE Ratio18.72
Forward PE7.66
Dividendn/a
Ex-Dividend Daten/a
Volume28,744
Open3.37
Previous Close3.38
Day's Range3.32 - 3.43
52-Week Range2.85 - 13.69
Beta3.10
AnalystsStrong Sell
Price Target6.00 (+78.0%)
Est. Earnings DateNov 11, 2021

About CAAS

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. It produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. China Automotive Systems, Inc. also markets automotive parts in North America and Bra...

IndustryAuto Components
CEOQizhou Wu
Employees4,526
Stock ExchangeNASDAQ
Ticker SymbolCAAS
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to one analyst, the rating for CAAS stock is "Strong Sell" and the 12-month stock price forecast is 6.00.

Price Target
$6.00
(78.04% upside)
Analyst Consensus: Strong Sell

News

China Automotive Systems (CAAS) Q2 Earnings and Revenues Beat Estimates

China Automotive Systems (CAAS) delivered earnings and revenue surprises of 42.86% and 2.05%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

China Automotive Systems Reports 45.0% Net Sales Increase in the Second Quarter of 2021

WUHAN, China, Aug. 12, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced it...

1 month ago - PRNewsWire

China Automotive Systems to Announce Unaudited 2021 Second Quarter Financial Results on August 12, 2021

WUHAN, China, Aug. 10, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that it will issue unaudited...

1 month ago - PRNewsWire

China Automotive Systems (CAAS) to Report Q2 Results: Wall Street Expects Earnings Growth

China Automotive Systems (CAAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

China Automotive Systems Announces Annual Meeting Conference Call on July 28, 2021

WUHAN, China, July 19, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced th...

2 months ago - PRNewsWire

China Automotive Systems Receives SGS TÜV Certification

WUHAN, China, July 12, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced th...

2 months ago - PRNewsWire

China Automotive Develops New Steering System For Alfa Romeo's Hybrid SUV

China Automotive Systems Inc (NASDAQ: CAAS) is developing a new steering system for Milan-based Alfa Romeo, a subsidiary of Dutch automotive manufacturing company Stellantis NV (NYSE: STLA).  The steeri...

2 months ago - Benzinga

China Automotive Systems Develops New Steering System for Alfa Romeo's First Subcompact Crossover EV

WUHAN, China, July 6, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced tha...

2 months ago - PRNewsWire

3 Capital-Intensive Stocks to Consider

When looking for value opportunities amid capital-intensive businesses, investors could be interested in stocks whose price-to-tangible-book-value ratios are more appealing than their industry medians.

Other symbols:AAWWARLP
3 months ago - GuruFocus

China Automotive Systems Purchases 40% of European Vehicle Technology Leader and Officially Enters Autonomous Driving

WUHAN, China, June 9, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced tha...

3 months ago - PRNewsWire

China Automotive Systems' (CAAS) Shares March Higher, Can It Continue?

As of late, it has definitely been a great time to be an investor in China Automotive Systems (CAAS).

3 months ago - Zacks Investment Research

China Automotive Systems (CAAS) Q1 Earnings and Revenues Top Estimates

China Automotive Systems (CAAS) delivered earnings and revenue surprises of 233.33% and 11.61%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Recap: China Automotive Systems Q1 Earnings

Shares of China Automotive Systems (NASDAQ:CAAS) decreased 4.3% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 0.00% over the past year to $0.10, ...

4 months ago - Benzinga

China Automotive Systems Reports 77.0% Net Sales Increase and Return to Profitability in the First Quarter of 2021

WUHAN, China, May 12, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its...

4 months ago - PRNewsWire

Earnings Outlook For China Automotive Systems

China Automotive Systems (NASDAQ:CAAS) unveils its next round of earnings this Wednesday, May 12. Get prepared with Benzinga's ultimate preview for China Automotive Systems's Q1 earnings.

4 months ago - Benzinga

China Automotive Systems to Announce Unaudited 2021 First Quarter Financial Results on May 12, 2021

WUHAN, China, May 6, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that it will issue unaudited f...

4 months ago - PRNewsWire

China Automotive Systems' South American Unit Sales to Increase Approximately 200% In 2021

WUHAN, China, April 15, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced t...

5 months ago - PRNewsWire

China Automotive Systems (CAAS) Meets Q4 Earnings Estimates

China Automotive Systems (CAAS) delivered earnings and revenue surprises of 0.00% and 26.37%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

China Automotive Systems: Q4 Earnings Insights

Shares of China Automotive Systems (NASDAQ:CAAS) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share fell 33.33% year over year to $0.04, which beat the estim...

5 months ago - Benzinga

China Automotive Systems Reports Fourth Quarter and Fiscal Year 2020 Results

WUHAN, China, March 30, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced i...

5 months ago - PRNewsWire

A Preview Of China Automotive Systems's Earnings

China Automotive Systems (NASDAQ:CAAS) announces its next round of earnings this Tuesday, March 30. Here is Benzinga's everything-that-matters guide for this Tuesday's Q4 earnings announcement.

5 months ago - Benzinga

Earnings Preview: China Automotive Systems (CAAS) Q4 Earnings Expected to Decline

China Automotive Systems (CAAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

China Automotive Systems Introduces New EPS Product to Empower ADAS

WUHAN, China, March 22, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today provided an...

5 months ago - PRNewsWire

China Automotive Systems to Announce Unaudited 2020 Fourth Quarter and Audited 2020 Year Financial Results on March 3...

WUHAN, China, March 16, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that it will issue unaudite...

6 months ago - PRNewsWire

Implied Volatility Surging for China Automotive Systems (CAAS) Stock Options

Investors need to pay close attention to China Automotive Systems (CAAS) stock based on the movements in the options market lately.

8 months ago - Zacks Investment Research