China Automotive Systems, Inc. (CAAS)

NASDAQ: CAAS · IEX Real-Time Price · USD
2.84
0.00 (0.00%)
At close: Jun 28, 2022 3:59 PM
2.85
+0.01 (0.35%)
After-hours: Jun 28, 2022 4:01 PM EDT
0.00%
Market Cap 87.62M
Revenue (ttm) 504.05M
Net Income (ttm) 7.79M
Shares Out 30.85M
EPS (ttm) 0.25
PE Ratio 11.27
Forward PE 53.48
Dividend n/a
Ex-Dividend Date n/a
Volume 15,063
Open 2.84
Previous Close 2.84
Day's Range 2.77 - 2.84
52-Week Range 2.20 - 5.07
Beta 2.65
Analysts Buy
Price Target 6.12 (+115.5%)
Earnings Date Aug 11, 2022

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. The company also offers automotive motors and electromechanical integrated systems; p... [Read more...]

Industry Auto Components
CEO Qizhou Wu
Employees 4,051
Stock Exchange NASDAQ
Ticker Symbol CAAS
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for CAAS stock is "Buy." The 12-month stock price forecast is 6.12, which is an increase of 115.49% from the latest price.

Price Target
$6.12
(115.49% upside)
Analyst Consensus: Buy
Stock Forecasts

News

China Automotive Systems (CAAS) Reports Break-Even Earnings for Q1

China Automotive Systems (CAAS) delivered earnings and revenue surprises of -100% and 8.02%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

China Automotive Systems Reports Unaudited 2022 First Quarter

WUHAN, China, May 23, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its...

China Automotive Systems to Announce Unaudited 2022 First Quarter Financial Results on May 23, 2022

WUHAN, China, May 18, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced tha...

China Automotive Systems Extends Filing Date of 2022 First Quarter Report to May 23

WUHAN, China , May 13, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced th...

China Automotive Systems Announces Share Repurchase

-  CAAS's board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months - WUHAN, China , April 11, 2022 /PRNewswire/ --...

China Automotive Systems (CAAS) Beats Q4 Earnings and Revenue Estimates

China Automotive Systems (CAAS) delivered earnings and revenue surprises of 166.67% and 10.07%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the st...

China Automotive Systems Clocks 5.3% Sales Decline In Q4

China Automotive Systems Inc (NASDAQ: CAAS) reported a fourth-quarter FY21 sales decline of 5.3% year-on-year, to $138.8 million, beating the estimate of $126.1 million. The gross profit margin contract...

China Automotive Systems Reports Fourth Quarter and Fiscal Year 2021 Results

WUHAN, China, March 30, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced i...

China Automotive Systems to Announce Unaudited 2021 Fourth Quarter and Audited 2021 Year Financial Results on March 3...

WUHAN, China, March 16, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced t...

China Automotive Systems Inks Supply Contract With SCANIA

China Automotive Systems Inc (NASDAQ: CAAS) has entered into an agreement to develop eRCB steering systems for SCANIA AB's trucks and buses. The eRCB steering system is a fully electric intelligent stee...

China Automotive Systems Signs Supply Contract with SCANIA

WUHAN, China, Jan. 25, 2022 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced th...

China Automotive Systems Reports Unaudited 2021 Third Quarter Results

WUHAN, China, Nov. 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...

China Automotive Systems to Announce Unaudited 2021 Third Quarter Financial Results on November 12, 2021

WUHAN, China, Nov. 5, 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...

Analysts Estimate China Automotive Systems (CAAS) to Report a Decline in Earnings: What to Look Out for

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.

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?

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...

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...

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.

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...

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...

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...

Other symbols: STLA

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...

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...

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).

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?