China Automotive Systems Stock (NASDAQ: CAAS)

China Automotive Systems Stock (NASDAQ:CAAS), Trade Ideas

China Automotive Systems

China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of its revenue from China.

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China Automotive Systems, posts impressive fourth-quarter FY23 results, with a 23.6% sales surge reaching $159.20 million. Notably, the company witnesses a significant expansion in gross profit margin, up by 240 basis points year-on-year to 21.8%, driving gross profit to $34.7 million. 

Why China Automotive Systems Shares Are Shooting Higher Today

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China Automotive Systems Inc (NASDAQ: CAAS) reported 

China Automotive Systems Reports 8% Topline Growth In Q2; Reiterates 2023 Revenue Guidance

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China Automotive Systems Q1 EPS Exceed Expectations On Higher Margins, Strict Cost Control

China Automotive Systems, Inc. - Common Stock

China Automotive Systems Inc

China Automotive Systems, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) shares are trading higher after the company reported fourth-quarter FY23 sales&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/n37976994/china-automotive-systems-reports-record-annual-revenue-and-a-81-2-increase-in-diluted-net-income-p" rel="noreferrer noopener">growth of 23.6% year-on-year to $159.20 million</a>.
The gross profit margin expanded by 240 basis points Y/Y to 21.8%, and the gross profit climbed 38.8% to $34.7 million.
The operating income for the quarter was $13.6 million versus an operating loss of $(2.6) million in the fourth quarter of 2022.
The company held total cash and cash equivalents, pledged cash and short-term investments of $166.3 million at year end.
Net income attributable to the parent company&#8217;s common shareholders rose by 153.5% to $10.9 million from $4.3 million last year.
The company reported an EPS of $0.36 compared to $0.14 last year.
&#8220;We expect our North America business to recover in 2024 and domestic China market to stabilize. We remain optimistic about our market positions as many of our Chinese OEM customers are preparing for aggressive global expansion,&#8221; said CEO Qizhou Wu.
Outlook: China Automotive Systems expects FY24 revenue of $605 million against an estimate of $593.11 million
Price Action: CAAS shares are trading higher by 7.12% at $3.61 in premarket Thursday.

WIIM

China Automotive shares are trading higher after the company issued FY24 revenue guidance above consensus estimates.

China Automotive Systems Sees FY24 Revenue Of $605M Vs. $593.11M Est.

China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) reported quarterly earnings of $0.36 per share. This is a 157.14 percent increase over earnings of $0.14 per share from the same period last year. The company reported $159.20 million in sales this quarter. This is a 23.60 percent increase over sales of $128.80 million the same period last year.

China Automotive Systems Q4 EPS $0.36 Up From $0.14 YoY, Sales $159.20M Up From $128.80M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Universal Stainless (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAP#NASDAQ">USAP</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $78.65 million.
&bull; Shimmick (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $158.50 million.
&bull; MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is estimated to report quarterly earnings at $1.16 per share on revenue of $946.55 million.
&bull; Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $33.03 billion.
&bull; Data Storage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTST#NASDAQ">DTST</a>) is projected to report earnings for its fourth quarter.
&bull; Affimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFMD#NASDAQ">AFMD</a>) is likely to report quarterly loss at $1.68 per share on revenue of $1.71 million.
&bull; Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $168.26 million.
&bull; CNFinance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNF#NYSE">CNF</a>) is likely to report quarterly earnings at $0.01 per share on revenue of $65.41 million.
&bull; BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) is estimated to report quarterly earnings at $1.92 per share on revenue of $2.05 billion.
&bull; OptimizeRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRX#NASDAQ">OPRX</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $26.47 million.
&bull; Azul (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZUL#NYSE">AZUL</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $985.30 million.
&bull; Imunon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMNN#NASDAQ">IMNN</a>) is projected to report earnings for its fourth quarter.
&bull; Iterum Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRM#NASDAQ">ITRM</a>) is expected to report earnings for its fourth quarter.
&bull; DarioHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIO#NASDAQ">DRIO</a>) is projected to report quarterly loss at $0.54 per share on revenue of $3.57 million.
&bull; Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) is expected to report earnings for its fourth quarter.
&bull; Telesat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSAT#NASDAQ">TSAT</a>) is projected to report earnings for its fourth quarter.
&bull; Jiayin Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFIN#NASDAQ">JFIN</a>) is projected to report earnings for its fourth quarter.
&bull; IM Cannabis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) is estimated to report quarterly loss at $0.17 per share on revenue of $10.45 million.
&bull; Smart Share Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EM#NASDAQ">EM</a>) is expected to report earnings for its fourth quarter.
&bull; 36KR Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRKR#NASDAQ">KRKR</a>) is projected to report earnings for its fourth quarter.
&bull; 22nd Century Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) is estimated to report quarterly loss at $0.55 per share on revenue of $17.10 million.
&bull; China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) is estimated to report earnings for its fourth quarter.
&bull; REX American Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REX#NYSE">REX</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $190.26 million.
&bull; D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) is projected to report quarterly loss at $0.10 per share on revenue of $4.73 million.
&bull; Hut 8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) is expected to report quarterly loss at $0.25 per share on revenue of $23.66 million.
&bull; American Oncology Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AONC#NASDAQ">AONC</a>) is estimated to report earnings for its fourth quarter.
&bull; Gold Royalty (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GROY#AMEX">GROY</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $1.90 million.
&bull; Better Home &amp; Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BETR#NASDAQ">BETR</a>) is projected to report earnings for its fourth quarter.
&bull; BOS Better Online Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOSC#NASDAQ">BOSC</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; INmune Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMB#NASDAQ">INMB</a>) is estimated to report quarterly loss at $0.44 per share on revenue of $40 thousand.
&bull; Dolphin Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLPN#NASDAQ">DLPN</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $11.10 million.
&bull; Ascent Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACNT#NASDAQ">ACNT</a>) is expected to report quarterly loss at $0.08 per share on revenue of $63.50 million.
&bull; Kodiak Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOD#NASDAQ">KOD</a>) is expected to report earnings for its fourth quarter.
&bull; Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $20.40 million.
&bull; Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) is projected to report quarterly earnings at $1.95 per share on revenue of $408.18 million.
&bull; Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) is estimated to report earnings for its fourth quarter.
&bull; Danimer Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNMR#NYSE">DNMR</a>) is projected to report quarterly loss at $0.38 per share on revenue of $11.33 million.
&bull; Dare Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DARE#NASDAQ">DARE</a>) is expected to report quarterly loss at $0.10 per share on revenue of $1.79 million.
&bull; Intellinetics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INLX#AMEX">INLX</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $4.10 million.
&bull; Shapeways Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) is expected to report quarterly loss at $0.95 per share on revenue of $9.25 million.
&bull; NRX Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) is expected to report earnings for its fourth quarter.
&bull; CVD Equipment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVV#NASDAQ">CVV</a>) is projected to report earnings for its fourth quarter.
&bull; Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) is expected to report quarterly loss at $5.60 per share on revenue of $3.00 million.
&bull; NexGel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXGL#NASDAQ">NXGL</a>) is projected to report quarterly loss at $0.11 per share on revenue of $1.38 million.
&bull; ENDRA Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) is expected to report earnings for its fourth quarter.
&bull; Zevra Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZVRA#NASDAQ">ZVRA</a>) is estimated to report quarterly loss at $0.27 per share on revenue of $11.74 million.
&bull; American Res (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREC#NASDAQ">AREC</a>) is projected to report quarterly loss at $0.04 per share on revenue of $2.20 million.
&bull; Vicinity Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $12.62 million.
&bull; Helius Medical Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) is likely to report quarterly loss at $3.77 per share on revenue of $250 thousand.
&bull; Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) is likely to report quarterly loss at $0.28 per share on revenue of $25.69 million.
&bull; Emeren Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $44.98 million.
&bull; P3 Health Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIII#NASDAQ">PIII</a>) is expected to report quarterly loss at $0.11 per share on revenue of $302.97 million.
&bull; Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) is estimated to report quarterly loss at $0.85 per share on revenue of $200 thousand.
&bull; Dyadic International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYAI#NASDAQ">DYAI</a>) is likely to report quarterly loss at $0.06 per share on revenue of $800 thousand.
&bull; Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) is projected to report quarterly loss at $0.03 per share on revenue of $196.46 million.
&bull; Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) is likely to report quarterly loss at $0.08 per share on revenue of $274.83 million.
&bull; Pulse Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLSE#NASDAQ">PLSE</a>) is likely to report earnings for its fourth quarter.
&bull; Arcadia Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKDA#NASDAQ">RKDA</a>) is projected to report quarterly loss at $2.58 per share on revenue of $1.75 million.
&bull; Achieve Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHV#NASDAQ">ACHV</a>) is projected to report earnings for its fourth quarter.
&bull; Sharecare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHCR#NASDAQ">SHCR</a>) is expected to report quarterly loss at $0.06 per share on revenue of $114.99 million.
&bull; Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) is projected to report quarterly loss at $0.28 per share on revenue of $980 thousand.
&bull; Cepton (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPTN#NASDAQ">CPTN</a>) is expected to report quarterly loss at $0.74 per share on revenue of $2.46 million.
&bull; Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $2.14 million.
&bull; Aspira Womens Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWH#NASDAQ">AWH</a>) is estimated to report quarterly loss at $0.45 per share on revenue of $2.54 million.
&bull; Forian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORA#NASDAQ">FORA</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $5.56 million.
&bull; Accelerate Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXDX#NASDAQ">AXDX</a>) is estimated to report quarterly loss at $0.62 per share on revenue of $3.45 million.
&bull; Wrap Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) is likely to report earnings for its fourth quarter.
&bull; Planet Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) is projected to report quarterly loss at $0.06 per share on revenue of $58.19 million.
&bull; Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) is likely to report quarterly loss at $1.45 per share on revenue of $9.49 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 28, 2024

<h3>Understanding Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) - P/E: 3.2</li>
<li>Jakks Pacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAKK#NASDAQ">JAKK</a>) - P/E: 2.85</li>
<li>Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) - P/E: 7.56</li>
<li>Honda Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) - P/E: 8.92</li>
<li>Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) - P/E: 9.49</li>
</ol>
China Automotive Systems saw a decrease in earnings per share from 0.35 in Q2 to $0.31 now. Jakks Pacific saw a decrease in earnings per share from 4.75 in Q3 to $-1.04 now. Most recently, Aptiv reported earnings per share at $1.4, whereas in Q3 earnings per share sat at $1.3. Most recently, the company reported a dividend yield of 0.97%, which has decreased by 0.01% from last quarter's yield of 0.98%.
Honda Motor Co's earnings per share for Q3 sits at $1.06, whereas in Q2, they were at 1.07. Its most recent dividend yield is at 6.65%, which has increased by 1.63% from 5.02% in the previous quarter.
Guess has reported Q3 earnings per share at $0.49, which has decreased by 31.94% compared to Q2, which was 0.72. Most recently, the company reported a dividend yield of 4.97%, which has decreased by 1.63% from last quarter's yield of 6.6%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

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5 Value Stocks In The Consumer Cyclical Sector

<h3>Gainers</h3>
<ul>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) shares increased by 17.6% to $1.47 during Tuesday's after-market session. The company's market cap stands at $18.6 million. </li>
<li>Foresight Autonomous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSX#NASDAQ">FRSX</a>) stock increased by 7.76% to $1.11. The company's market cap stands at $17.0 million. </li>
<li>Coupang (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) shares moved upwards by 6.87% to $18.05. The company's market cap stands at $32.2 billion. The company's, Q4 earnings came out today. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock rose 6.15% to $3.45. The company's market cap stands at $104.1 million. </li>
<li>BowFlex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFX#NYSE">BFX</a>) shares increased by 5.15% to $0.2. The market value of their outstanding shares is at $7.2 million. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares rose 5.01% to $0.19. The company's market cap stands at $10.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock fell 9.3% to $0.68 during Tuesday's after-market session. The company's market cap stands at $9.7 million. </li>
<li>Luminar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) stock decreased by 6.41% to $2.34. The company's market cap stands at $940.5 million. As per the news, the Q4 earnings report came out today. </li>
<li>Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) shares fell 6.34% to $44.19. The market value of their outstanding shares is at $4.1 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Lincoln Educational Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINC#NASDAQ">LINC</a>) shares declined by 5.41% to $9.62. The company's market cap stands at $301.6 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Big 5 Sporting Goods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGFV#NASDAQ">BGFV</a>) stock decreased by 5.12% to $5.01. The market value of their outstanding shares is at $112.4 million. The company's, Q4 earnings came out today. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) shares declined by 5.0% to $0.41. The company's market cap stands at $5.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Tuesday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Envirotech Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) shares rose 10.0% to $1.32 during Friday's pre-market session. The market value of their outstanding shares is at $19.9 million. </li>
<li>U Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCAR#NASDAQ">UCAR</a>) shares rose 8.92% to $0.12. The company's market cap stands at $7.2 million. </li>
<li>2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) shares moved upwards by 7.69% to $1.12. The market value of their outstanding shares is at $91.9 million. </li>
<li>Visionary Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) stock rose 7.27% to $0.2. The market value of their outstanding shares is at $10.2 million. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) shares rose 6.78% to $0.47. The market value of their outstanding shares is at $6.7 million. </li>
<li>Yunhong Green CTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YHGJ#NASDAQ">YHGJ</a>) stock increased by 5.61% to $1.6. The company's market cap stands at $32.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) stock declined by 10.2% to $0.39 during Friday's pre-market session. The company's market cap stands at $37.6 million. </li>
<li>Linkage Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) stock fell 10.13% to $1.42. The company's market cap stands at $30.5 million. </li>
<li>Jerash Holdings (US) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRSH#NASDAQ">JRSH</a>) shares declined by 5.8% to $2.83. The company's market cap stands at $34.7 million. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock fell 4.77% to $3.6. The market value of their outstanding shares is at $108.6 million. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) stock decreased by 4.5% to $0.13. The market value of their outstanding shares is at $1.6 million. </li>
<li>EZGO Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZGO#NASDAQ">EZGO</a>) stock decreased by 4.23% to $0.09. The company's market cap stands at $9.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Secoo Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SECO#NASDAQ">SECO</a>) stock rose 11.4% to $0.57 during Wednesday's after-market session. The company's market cap stands at $4.0 million. </li>
<li>Forward Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORD#NASDAQ">FORD</a>) stock rose 10.84% to $0.69. The market value of their outstanding shares is at $6.9 million. </li>
<li>Visionary Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) stock increased by 9.61% to $0.2. The market value of their outstanding shares is at $10.1 million. </li>
<li>Envela (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ELA#AMEX">ELA</a>) shares rose 6.87% to $5.6. The company's market cap stands at $149.5 million. </li>
<li>ToughBuilt Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLT#NASDAQ">TBLT</a>) shares moved upwards by 5.52% to $0.17. The market value of their outstanding shares is at $6.1 million. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock moved upwards by 5.15% to $3.47. The company's market cap stands at $104.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) stock fell 6.5% to $1.01 during Wednesday's after-market session. The market value of their outstanding shares is at $13.4 million. </li>
<li>AYRO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AYRO#NASDAQ">AYRO</a>) shares decreased by 4.91% to $1.94. The company's market cap stands at $9.4 million. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock decreased by 4.81% to $3.56. The market value of their outstanding shares is at $3.0 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) shares decreased by 4.58% to $0.8. The market value of their outstanding shares is at $128.7 million. </li>
<li>Nogin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOGN#NASDAQ">NOGN</a>) stock decreased by 3.57% to $0.11. The market value of their outstanding shares is at $1.2 million. </li>
<li>Lottery.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) shares decreased by 3.23% to $1.2. The company's market cap stands at $3.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the consumer cyclical sector that may be worth watching:</h2>
<ol>
<li>Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) - P/E: 8.86</li>
<li>Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) - P/E: 9.07</li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) - P/E: 3.54</li>
<li>M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) - P/E: 9.11</li>
<li>Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) - P/E: 7.06</li>
</ol>
Most recently, Crocs reported earnings per share at $3.25, whereas in Q2 earnings per share sat at $3.59. This quarter, Victoria's Secret experienced a decrease in earnings per share, which was $0.28 in Q1 and is now $0.24. China Automotive Systems's earnings per share for Q3 sits at $0.31, whereas in Q2, they were at 0.35. This quarter, M.D.C. Holdings experienced an increase in earnings per share, which was $1.24 in Q2 and is now $1.4. Its most recent dividend yield is at 5.93%, which has increased by 1.2% from 4.73% in the previous quarter.
This quarter, Lithia Motors experienced a decrease in earnings per share, which was $10.91 in Q2 and is now $9.25. The company's most recent dividend yield sits at 0.8%, which has increased by 0.12% from 0.68% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

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A Look Into Consumer Cyclical Sector Value Stocks

China Automotive Systems Reiterates Revenue Guidance Of $560M For Full Year 2023

China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) reported quarterly earnings of $0.31 per share. This is a 29.17 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $137.54 million which missed the analyst consensus estimate of $142.49 million by 3.47 percent. This is a 0.24 percent increase over sales of $137.21 million the same period last year.

China Automotive Systems Q3 EPS $0.31 Up From $0.24 YoY, Sales $137.54M Up From $137.21M YoY

<h3>Gainers</h3>
<ul>
<li>Chico's FAS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHS#NYSE">CHS</a>) shares moved upwards by 62.5% to $7.49 during Thursday's regular session. Trading volume for Chico's FAS's stock is 44.4 million as of 13:30 EST. This is 2738.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $924.5 million. </li>
<li>Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) shares moved upwards by 36.12% to $2.11. Torrid Holdings's stock is trading at a volume of 1.0 million shares as of 13:30 EST. This is 665.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $219.5 million. </li>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) stock rose 22.83% to $0.85. Phoenix Motor's stock is trading at a volume of 385.0K shares as of 13:30 EST. This is 897.1% of its average full-day volume over the last 100 days. The company's market cap stands at $18.0 million. </li>
<li>Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) stock increased by 14.58% to $0.28. Trading volume for Jowell Global's stock is 263.9K as of 13:30 EST. This is 382.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $9.3 million. </li>
<li>Container Store Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCS#NYSE">TCS</a>) stock increased by 9.74% to $2.19. As of 13:30 EST, Container Store Group's stock is trading at a volume of 264.7K, which is 59.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $112.8 million. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock moved upwards by 9.72% to $3.95. Trading volume for this security as of 13:30 EST is 118.2K, which is 261.0% of its average full-day volume over the last 100 days. The company's market cap stands at $119.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) stock declined by 21.6% to $7.42 during Thursday's regular session. Trading volume for this security as of 13:30 EST is 3.9 million, which is 544.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $303.9 million. </li>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) shares decreased by 15.89% to $0.21. As of 13:30 EST, this security is trading at a volume of 123.3K shares, making up 81.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.8 million. </li>
<li>Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) shares decreased by 12.86% to $1.97. As of 13:30 EST, Worksport's stock is trading at a volume of 324.8K, which is 258.1% of its average full-day volume over the last 100 days. The company's market cap stands at $34.3 million. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) shares fell 10.0% to $0.9. The company's market cap stands at $10.5 million. </li>
<li>CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) stock fell 9.97% to $71.75. The current volume of 8.2 million shares is 589.1% of CarMax's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $11.3 billion. As per the press release, Q2 earnings came out today. </li>
<li>Vision Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) shares declined by 9.63% to $2.4. Vision Marine's stock is trading at a volume of 78.4K shares as of 13:30 EST. This is 74.5% of its average full-day volume over the last 100 days. The company's market cap stands at $26.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

<h3>What are Value Stocks?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>Flexsteel Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLXS#NASDAQ">FLXS</a>) - P/E: 7.4</li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) - P/E: 3.8</li>
<li>PENN Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) - P/E: 5.05</li>
<li>Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) - P/E: 5.56</li>
<li>KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) - P/E: 6.07</li>
</ol>
Flexsteel Industries's earnings per share for Q4 sits at $0.36, whereas in Q3, they were at 0.28. The company's most recent dividend yield sits at 3.08%, which has decreased by 0.07% from 3.15% last quarter. 
China Automotive Systems saw an increase in earnings per share from 0.23 in Q1 to $0.35 now. PENN Entertainment's earnings per share for Q2 sits at $0.48, whereas in Q1, they were at 0.44. Group 1 Automotive's earnings per share for Q2 sits at $11.73, whereas in Q1, they were at 10.93. Its most recent dividend yield is at 0.69%, which has decreased by 0.14% from 0.83% in the previous quarter.
KB Home saw a decrease in earnings per share from 1.94 in Q2 to $1.8 now. Most recently, the company reported a dividend yield of 1.51%, which has increased by 0.04% from last quarter's yield of 1.47%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

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China Automotive Systems Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/caas#NASDAQ">CAAS</a>) reported&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/08/n33742453/china-automotive-systems-reports-90-0-increase-in-net-income-per-share-to-0-57-in-the-first-six-mo" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">second-quarter FY23 sales growth of 8.1%</a>&nbsp;year-on-year to $137.41 million, missing the analyst consensus of $140.72 million.
The gross profit margin compressed by 140 basis points Y/Y to 16.5%, and the gross profit remained flat at $22.7 million.
The operating income for the quarter was $7.8 million, with an operating margin of 6%.
The company held $125.54 million in cash and equivalents as of June 30, 2023.
The company reported an EPS of $0.35, c<a href="https://www.benzinga.com/calendars/earnings">ompared to $0.31 last year.</a>
Outlook: China Automotive Systems reiterated its revenue guidance for the full year 2023 of $560.0 million, <a href="https://www.benzinga.com/calendars/guidance">below the consensus of $566.7 million.</a>
Price Action: CAAS shares are trading higher by 5.11% at $5.55 in premarket Friday.

<h3>Companies Reporting Before The Bell</h3>
&bull; Consolidated Water Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $30.27 million.
&bull; Associated Cap Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AC#NYSE">AC</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $5.16 billion.
&bull; Longeveron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) is expected to report quarterly loss at $0.25 per share on revenue of $400 thousand.
&bull; Star Equity Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRR#NASDAQ">STRR</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $25.85 million.
&bull; The Real Good Food (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGF#NASDAQ">RGF</a>) is estimated to report quarterly loss at $0.21 per share on revenue of $34.60 million.
&bull; Iterum Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRM#NASDAQ">ITRM</a>) is likely to report earnings for its second quarter.
&bull; Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) is expected to report earnings for its second quarter.
&bull; ReWalk Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RWLK#NASDAQ">RWLK</a>) is likely to report quarterly loss at $0.07 per share on revenue of $1.34 million.
&bull; Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) is likely to report quarterly loss at $0.12 per share on revenue of $285.18 million.
&bull; Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) is expected to report quarterly loss at $0.20 per share on revenue of $2.40 million.
&bull; Moleculin Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBRX#NASDAQ">MBRX</a>) is projected to report earnings for its second quarter.
&bull; Biofrontera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFRI#NASDAQ">BFRI</a>) is likely to report quarterly loss at $5.14 per share on revenue of $5.86 million.
&bull; AirSculpt Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRS#NASDAQ">AIRS</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $55.71 million.
&bull; Spectrum Brands Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $780.97 million.
&bull; China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) is likely to report earnings for its second quarter.
&bull; Telesat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSAT#NASDAQ">TSAT</a>) is estimated to report earnings for its second quarter.
&bull; NeoGenomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) is projected to report earnings for its second quarter.
&bull; Vislink Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VISL#NASDAQ">VISL</a>) is likely to report quarterly loss at $0.80 per share on revenue of $7.50 million.
&bull; American Strategic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYC#NYSE">NYC</a>) is expected to report earnings for its second quarter.
&bull; AIM ImmunoTech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIM#AMEX">AIM</a>) is expected to report quarterly loss at $0.08 per share on revenue of $-1 million.
&bull; Mammoth Energy Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TUSK#NASDAQ">TUSK</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $86.07 million.
&bull; Antero Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) is likely to report earnings for its second quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Bridgeline Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) is projected to report earnings for its third quarter.
&bull; Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $6.88 million.
&bull; Central Puerto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEPU#NYSE">CEPU</a>) is expected to report earnings for its second quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For August 11, 2023

China Automotive Systems Reiterated FY23 Revenue Of $560.0M Vs $566.71M Est

China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) reported quarterly earnings of $0.35 per share. This is a 12.9 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $137.41 million which missed the analyst consensus estimate of $140.72 million by 2.35 percent. This is a 8.06 percent increase over sales of $127.16 million the same period last year.

China Automotive Systems Q2 EPS $0.35 Up From $0.31 YoY, Sales $137.41M Miss $140.72M Estimate

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) - P/E: 5.92</li>
<li>Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) - P/E: 7.58</li>
<li>La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) - P/E: 9.01</li>
<li>Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) - P/E: 6.49</li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) - P/E: 0.07</li>
</ol>
Most recently, China Automotive Systems reported earnings per share at $0.23, whereas in Q4 earnings per share sat at $0.14. Build-A-Bear Workshop has reported Q1 earnings per share at $0.98, which has decreased by 24.62% compared to Q4, which was 1.3. La-Z-Boy has reported Q4 earnings per share at $0.99, which has increased by 8.79% compared to Q3, which was 0.91. The company's most recent dividend yield sits at 2.57%, which has increased by 0.05% from 2.52% last quarter. 
This quarter, Toll Brothers experienced an increase in earnings per share, which was $1.7 in Q1 and is now $2.85. Most recently, the company reported a dividend yield of 1.12%, which has decreased by 0.29% from last quarter's yield of 1.41%.
Digital Brands Group saw an increase in earnings per share from -20.46 in Q4 to $-1.08 now. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

Overview Of Value Stocks In The Consumer Cyclical Sector

<h3>Gainers</h3>
<ul>
<li>BurgerFi International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) stock moved upwards by 13.6% to $1.25 during Friday's pre-market session. The company's market cap stands at $29.7 million. </li>
<li>Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) stock rose 7.67% to $8.0. The company's market cap stands at $1.5 billion. As per the press release, Q1 earnings came out today. </li>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock increased by 7.63% to $0.21. The company's market cap stands at $146.6 million. The company's, Q1 earnings came out yesterday. </li>
<li>Singing Machine Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MICS#NASDAQ">MICS</a>) shares moved upwards by 7.39% to $1.18. The company's market cap stands at $3.7 million. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock moved upwards by 6.38% to $5.0. The company's market cap stands at $150.9 million. As per the press release, Q1 earnings came out today. </li>
<li>Beachbody Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODY#NYSE">BODY</a>) shares moved upwards by 6.31% to $0.48. The company's market cap stands at $152.7 million. As per the press release, Q1 earnings came out 4 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Unique Fabricating (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UFAB#AMEX">UFAB</a>) shares fell 12.3% to $0.23 during Friday's pre-market session. The market value of their outstanding shares is at $2.7 million. </li>
<li>Inspirato (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPO#NASDAQ">ISPO</a>) shares declined by 10.0% to $0.9. The company's market cap stands at $60.0 million. As per the news, the Q1 earnings report came out 4 days ago. </li>
<li>Solo Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTC#NYSE">DTC</a>) shares declined by 7.56% to $5.26. The company's market cap stands at $335.0 million. </li>
<li>Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) shares declined by 6.95% to $0.47. The market value of their outstanding shares is at $83.9 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Wag Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PET#NASDAQ">PET</a>) shares fell 6.94% to $2.23. The company's market cap stands at $83.7 million. As per the news, the Q1 earnings report came out 3 days ago. </li>
<li>Yoshiharu Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YOSH#NASDAQ">YOSH</a>) shares declined by 6.79% to $0.89. The market value of their outstanding shares is at $10.5 million. The company's, Q1 earnings came out 2 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BODY

FFIE

GROV

ISPO

MICS

UFAB

YOSH

The Chinese economy, showcasing remarkable resilience as evidenced by the better-than-expected GDP data for 2023, is anticipated to thrive in the future owing to stimulus measures implemented by Chinese authorities designed to bolster investor confidence. Given this backdrop, quality Chinese stocks China Automotive Systems (CAAS), LexinFintech Holdings (LX), and NetEase (NTES) could be solid buys for future weekly gains. Read on… Over the past year, China grappled with several obstacles, including stringent pandemic restrictions, regulatory clampdowns on the private sector, geopolitics, and the specter of a slowing economy. Nevertheless, strategic measures taken by the Chinese authorities may stimulate economic growth and bolster the stability of the nation's stock market.
Given the optimism, investors could add fundamentally strong China stocks China Automotive Systems, Inc. (<a href="https://stocknews.com/stock/CAAS/">CAAS</a>), LexinFintech Holdings Ltd. (<a href="https://stocknews.com/stock/LX/">LX</a>), and NetEase, Inc. (<a href="https://stocknews.com/stock/NTES/">NTES</a>) to their portfolio to secure future weekly gains.
Following a challenging period, China, the world's second-largest economy, exceeded its economic growth target of 5% in 2023, achieving 5.2%, driven mainly by rapid growth in EVs and <a href="https://www.reuters.com/markets/asia/chinas-travel-spending-during-lunar-new-year-holidays-beats-pre-covid-levels-2024-02-18/">robust domestic tourism</a>. However, this marked the country's most <a href="https://edition.cnn.com/2024/01/16/business/china-economy-li-qiang-davos-intl-hnk/index.html">sluggish annual growth rate</a> since 1990.
The environment remains uncertain for consumers and businesses due to regulatory crackdowns across several sectors, including digital technology, gaming, out-of-school education, and real estate. U.S.-China tensions over tech competition have further complicated matters.
The IMF expects China's GDP to slow down to 4% in 2025 <a href="https://www.scmp.com/economy/economic-indicators/article/3250742/chinas-economy-faces-high-uncertainty-2024-imf-predicts-46-growth-calls-greater-data-transparency">due to the ongoing property sector strains</a>, which could reduce the demand and contribute to local government budget tensions.
However, anticipation is building for an increase in economic and financial market support from China, particularly given recent monetary easing initiatives by its central bank, The People's Bank of China. A decision to cut the reserve requirement ratio (RRR) by 50 basis points could inject as much as <a href="https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-lowers-bank-reserve-ratio-boosting-stimulus-as-growth-lags">1 trillion yuan</a> ($139.05 billion) in long-term capital into the economy, prompting hopes for a financial resurgence.
Chinese authorities also plan to infuse approximately <a href="https://www.cfr.org/blog/chinas-new-currency-playbook#:~:">2 trillion yuan</a> ($278.10 billion) sourced from state-owned enterprises to reinforce market stability.
Acknowledging these proactive measures, the IMF recently elevated China's GDP growth forecast for 2024 <a href="https://www.reuters.com/world/china/chinas-factory-activity-shrinks-again-jan-demand-still-weak-2024-01-31/">to 4.6%</a>, up from 4.2%. Additionally, economists predict that China's central bank could cut rates in the first half of 2024 to stimulate domestic demand.
In light of these encouraging trends, let's look at the fundamentals of the three B-rated <a href="https://stocknews.com/category/china/">China</a> stocks, starting with the third in line.
Stock #3: China Automotive Systems, Inc. (<a href="https://stocknews.com/stock/CAAS/">CAAS</a>)
Headquartered in Jingzhou, the People's Republic of China, CAAS manufactures and sells automotive systems and components in the People's Republic of China and internationally.
CAAS' trailing-12-month cash per share of $3.59 is 47% higher than the industry average of $2.44, while its trailing-12-month net income margin of 5.70% is 19.7% higher than the industry average of 4.76%.
Over the past three and five years, its EBITDA grew at CAGRs of 46.9% and 16.2%, respectively, while its tangible book value grew at 4.2% and 2.1% CAGRs over the same periods.
For the fiscal third quarter that ended September 30, 2023, CAAS' net product sales increased marginally year-over-year to $137.54 million, while <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> stood at $24.76 million, up 18.4% from the year-ago quarter. Moreover, its income from operations increased 107.8% from the prior-year quarter to $10.15 million.
For the same quarter, net income attributable to parent company's common shareholders and net income attributable to parent company's common shareholders per share stood at $9.49 million and $0.31, up 27% and 29.2% from the year-ago quarter, respectively.
The stock has gained 9.3% year-to-date to close the last trading session at $3.53. Over the past month, it has gained 11.7%.
CAAS' robust prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall A rating, equating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
The stock has an A grade for Value and a B for Growth, Stability, and Sentiment. It is ranked #4 within the B-rated 41-stock <a href="https://stocknews.com/category/china/">China</a> industry.
<a href="https://stocknews.com/stock/CAAS/">Click here</a> for the additional POWR Ratings for CAAS (Momentum and Quality).
Stock #2: LexinFintech Holdings Ltd. (<a href="https://stocknews.com/stock/LX/">LX</a>)
Headquartered in Shenzhen, the People's Republic of China, LX provides online direct sales services and online consumer finance services in the People's Republic of China.
It pays an annual dividend of $0.23 per share, which translates to a dividend yield of 12.54% on the current share price. Its four-year average yield is 0.65%.
LX's trailing-12-month asset turnover ratio of 0.54x is 155.4% higher than the industry average of 0.21x. Its trailing-12-month ROCE and ROTA of 14.98% and 5.72% are 40.1% and 428% higher than the industry averages of 10.69% and 1.08%, respectively.
Over the past three and five years, its tangible book value grew at CAGRs of 31.4% and 25.8%, respectively, while its common equity grew at 25.7% and 28.3% CAGRs over the same periods.
For the fiscal third quarter that ended September 30, 2023, LX's total operating revenue and gross profit increased 30.4% and 51.2% year-over-year to $480.94 million and $185.90 million, respectively. Moreover, its non-GAAP EBIT stood at $72.27 million, up 30% from the prior-year quarter.
For the same quarter, adjusted net income attributable to ordinary shareholders of the company and adjusted net income per ADS attributable to ordinary shareholders of the company increased 26.2% and 35.8% from the year-ago quarter to $57.19 million and $0.32, respectively.
Street expects LX's revenue and EPS for the fiscal year ending December 2024 to increase 10.1% and 22.5% year-over-year to $1.94 billion and $1.30, respectively.
The stock has gained marginally intraday to close the last trading session at $1.85.
LX's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
LX has an A grade for Value and a B for Momentum, Sentiment, and Quality. Within the same industry, it is ranked #3.
Beyond what we've stated above, we have also rated the stock for Growth and Stability. Get all ratings of LX <a href="https://stocknews.com/stock/LX/">here</a>.
Stock #1: NetEase, Inc. (<a href="https://stocknews.com/stock/NTES/">NTES</a>)
Headquartered in Hangzhou, the People's Republic of China, NTES engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; Cloud Music; and Innovative Businesses and Others segments.
On December 15, 2023, NTES paid the holders of ADSs a dividend of $0.50 per ADS for the third quarter of 2023.
On December 12, 2023, it also paid to the holders of ordinary shares a dividend of $0.10 per share for the third quarter of 2023. It pays an annual dividend of $1.76 per share, which translates to a dividend yield of 1.63% on the current share price. Its four-year average yield is 1.57%. NTES' dividend payments have grown at CAGRs of 23.7% and 39.4% over the past three and five years, respectively.
As of September 30, 2023, approximately 6.60 million ADS had been repurchased under the new share repurchase program for a total cost of $587.90 million.
NTES' trailing-12-month cash from operations of $4.46 billion is significantly higher than the industry average of $306.11 million. Its trailing-12-month EBIT and net income margins of 24.86% and 26.34% are 197% and 627.8% higher than the industry averages of 8.37% and 3.62%, respectively.
Over the past three and five years, its EBITDA grew at CAGRs of 17.1% and 25.4%, respectively, while its net income grew at 23.7% and 36.1% CAGRs over the same periods.
For the fiscal third quarter that ended September 30, 2023, NTES' net revenues and gross profit increased 11.6% and 23.4% year-over-year to $3.74 billion and $2.33 billion, respectively. Moreover, its operating profit stood at $1.04 billion, up 59.4% from the prior year quarter.
For the same quarter, non-GAAP net income from continuing operations attributable to the company's shareholders and non-GAAP net income from continuing operations per ADS increased 15.7% and 17.3% from the year-ago quarter to $1.18 billion and $1.82, respectively.
Street expects NTES' revenue and EPS for the fiscal first quarter ending March 2024 to increase 8.6% and 6.4% year-over-year to $3.84 billion and $1.75, respectively. The company surpassed consensus EPS estimates in each of the trailing four quarters, which is impressive.
The stock has gained 22.7% over the past year to close the last trading session at $107.76. Over the past month, it has gained 20.3%.
NTES' POWR Ratings reflect its positive prospects. The stock has an overall A rating, equating to a Strong Buy in our proprietary rating system.
NTES has a B grade for Growth, Value, Stability, Sentiment, and Quality. Within the same industry, it is ranked first.
To see additional POWR Ratings for Momentum for NTES, <a href="https://stocknews.com/stock/NTES/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
NTES shares were unchanged in premarket trading Tuesday. Year-to-date, NTES has gained 15.67%, versus a 5.09% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/ntes-lx-caas-top-3-china-picks-for-future-weekly-gains/>Top 3 China Picks for Future Weekly Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 China Picks for Future Weekly Gains

Despite facing challenges, China's economy exceeded its growth rate expectations last year. Moreover, the recent surge in consumer spending indicates a promising outlook ahead. Hence, fundamentally sound China stocks Vipshop Holdings (VIPS), China Automotive Systems (CAAS), and Sunlands Technology (STG) might be solid buys for gains this month. Read on... Amidst a backdrop of recent economic resilience and promising indicators, China's stock market is witnessing a notable resurgence. Against this backdrop, investors could consider top Chinese stocks Vipshop Holdings Limited (<a href="https://stocknews.com/stock/VIPS/">VIPS</a>), China Automotive Systems, Inc. (<a href="https://stocknews.com/stock/CAAS/">CAAS</a>), and Sunlands Technology Group (<a href="https://stocknews.com/stock/STG/">STG</a>), which are poised to unleash substantial gains this month.
While the Chinese economy has been grappling with multiple challenges, including a property downturn and sluggish demand since last year, things are looking brighter now. China's GDP in 2023 surpassed targets, <a href="https://www.china-briefing.com/news/chinas-gdp-in-2023/">growing by 5.2% year-on-year</a> to RMB 126.06 trillion ($17.52 trillion), according to estimates from the National Bureau of Statistics (NBS).
Economic indicators released by the NBS indicate strong growth across core segments, such as industry, manufacturing, services, and consumption, following the lifting of COVID-19 restrictions.
Further, China reported <a href="https://www.globaltimes.cn/page/202402/1307227.shtml">record-high domestic travel and spending</a> during the recent Lunar New Year holidays, surpassing pre-pandemic levels and indicating a robust consumption recovery. Tourism revenues in China during the Lunar New Year holidays surged by <a href="https://www.reuters.com/markets/asia/chinas-travel-spending-during-lunar-new-year-holidays-beats-pre-covid-levels-2024-02-18/">47.3% year-on-year</a>, thanks to a domestic travel boom amid a longer-than-usual break, official data showed on Sunday.
The surge in tourism and spending reflects increased consumer confidence and highlights the resilience of China's economy. As a result, <a href="https://www.cnbc.com/2024/02/19/asia-markets-china-set-to-return-from-holidays-us-markets-shut-.html">Chinese stock markets surged</a> on Monday.
Additionally, looking ahead, the IMF expects <a href="https://www.imf.org/en/Publications/WEO/Issues/2024/01/30/world-economic-outlook-update-january-2024">China's GDP to grow 4.6%</a> this year.
With these conducive trends in mind, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/china/">China</a> stocks, starting with number 3.
Stock #3: Vipshop Holdings Limited (<a href="https://stocknews.com/stock/VIPS/">VIPS</a>) 
Headquartered in Guangzhou, VIPS operates online platforms in China. It operates in Vip.com; Shan Shan Outlets; and others segments. The company offers womenswear, menswear, sportswear, shoes and bags, accessories, skincare and cosmetics, and supermarket products.
VIPS' trailing-12-month ROTC and <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">ROTA</a> of 14.10% and 11.89% are 132.4% and 186.8% higher than the industry averages of 6.07% and 4.15%, respectively.
During the fiscal third quarter, which ended on September 30, 2023, VIPS' net revenues increased 5.3% year-over-year to $3.12 billion, while its non-GAAP income from operations rose 33% from the year-ago value to $284.16 million.
Moreover, the company's attributable non-GAAP net income and attributable non-GAAP net income per share improved by 15.5% and 30.4% from the prior-year quarter to $252.34 million and $2.28, respectively.
Analysts expect VIPS' EPS and revenue to rise 34.3% and 1.2% year-over-year to $0.71 and $4.66 billion, respectively, in the fiscal fourth quarter that ended December 2023. Additionally, the company surpassed its EPS estimates in each of the trailing four quarters, which is impressive.
VIPS' shares soared 20.4% over the past year to close the last trading session at $16.57.
VIPS' <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has a B grade for Growth, Value, Momentum, Sentiment, and Quality. Within the B-rated 41-stock <a href="https://stocknews.com/category/china/">China</a> industry, it is ranked #5.
In addition to the POWR Ratings we've stated above, one can access VIPS' rating for Stability <a href="https://stocknews.com/stock/VIPS/">here</a>.
Stock #2: China Automotive Systems, Inc. (<a href="https://stocknews.com/stock/CAAS/">CAAS</a>) 
Headquartered in Jingzhou, the People's Republic of China, CAAS manufactures and sells automotive systems and components in the People's Republic of China and internationally.
CAAS' trailing-12-month net income margin of 5.70% is 19.7% higher than the industry average of 4.76%. Its trailing-12-month CAPEX/Sales of 3.78% is 25.5% higher than the industry average of 3.01%.
During the fiscal third quarter that ended September 30, 2023, CAAS' net product sales increased marginally year-over-year to $137.54 million, while gross profit stood at $24.76 million, up 18.4% from the year-ago quarter. Moreover, its income from operations increased 107.8% from the prior-year quarter to $10.15 million.
For the same quarter, net income attributable to the parent company's common shareholders and net income attributable to the parent company's common shareholders per share stood at $9.49 million and $0.31, up 27% and 29.2% from the year-ago quarter, respectively.
The stock has gained 3% over the past month to close the last trading session at $3.44.
CAAS' robust prospects are reflected in its POWR Ratings. The stock has an overall A rating, equating to a Strong Buy in our proprietary rating system.
The stock has an A grade for Value and a B for Growth, Stability, and Sentiment. It is ranked #4 in the same industry.
Click <a href="https://stocknews.com/stock/CAAS/">here</a> to access CAAS' additional POWR Ratings for Momentum and Quality.
Stock #1: Sunlands Technology Group (<a href="https://stocknews.com/stock/STG/">STG</a>)
Headquartered in Beijing, China, STG offers online education services through online and mobile platforms. It provides several degree- and diploma-oriented post-secondary courses.
STG's trailing-12-month gross profit margin and EBIT margin of 87.84% and 28.37% are 147.1% and 278.6% higher than the respective industry averages of 35.55% and 7.49%.
During the third quarter that ended on September 30, 2023, STG reported net revenues of $71.91 million. Its non-GAAP gross billings rose 6.7% year-over-year to $53.40 million. The company's net income came in at $18.04 million, or $2.62 per share, respectively.
STG's stock has gained 73.6% over the past nine months to close the last trading session at $8.28.
STG's POWR Ratings reflect its robust outlook. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Value and Quality and a B for Sentiment. Within the same industry, STG is ranked #3.
To see the additional ratings of STG for Growth, Momentum, and Stability, click <a href="https://stocknews.com/stock/STG/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
VIPS shares were trading at $16.48 per share on Wednesday morning, down $0.09 (-0.54%). Year-to-date, VIPS has declined -7.21%, versus a 4.31% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/vips-stg-caas-top-3-china-stocks-unleashing-gains-in-february/>Top 3 China Stocks Unleashing Gains in February</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 China Stocks Unleashing Gains in February

Notable earnings before Thursday's open

Despite facing challenges, the Chinese economy has demonstrated resilience, as evidenced by recent robust industrial output and retail sales data. Given this outlook, it might be an opportune time to own three top-notch China stocks, JD.com, Inc. (JD), China Automotive Systems (CAAS), and Youdao, Inc. (DAO). Read on… Last year, the world's second-largest economy expanded by 5.2%. Despite exceeding its targeted growth rate of 5%, this represented its <a href="https://edition.cnn.com/2024/01/16/business/china-economy-li-qiang-davos-intl-hnk/index.html">slowest annual growth pace since 1990</a>. Additionally, China is grappling with significant challenges, including a distressed property market, lackluster exports, and deflationary pressures.
However, the recent data on industrial and retail sales, coupled with the dedication of Chinese officials to implement reforms aimed at restructuring the country's development, has somewhat restored investor confidence in the Chinese economy.
Given the backdrop, scooping up the shares of three fundamentally strong China stocks, JD.com, Inc. (<a href="https://stocknews.com/stock/JD/">JD</a>), China Automotive Systems, Inc. (<a href="https://stocknews.com/stock/CAAS/">CAAS</a>), and Youdao, Inc. (<a href="https://stocknews.com/stock/DAO/">DAO</a>), might be a wise move now.
The world's second-largest economy demonstrated a robust recovery in the initial two months of the year, positioning it for a first-quarter growth rate of around 5%.
While China's property sector continued to struggle, as evidenced by a 9% decline in real estate investments during the first two months of 2024, <a href="https://www.cnbc.com/2024/03/18/china-retail-sales-industrial-data-for-first-2-months-beats-expectations.html">retail sales surged</a> by 5.5%, surpassing the forecasted 5.2% increase, and fixed asset investment grew by 4.2%, exceeding analysts' expectations of 3.2%.
Additionally, industrial production saw a notable rise of 7%, outperforming the anticipated 5% growth. Meanwhile, infrastructure investment increased by 6.3%, and manufacturing investment surged by 9.4% during the same period.
Buoyed by the promising signs in industrial output and retail sales recovery, Premier Li unveiled an <a href="https://www.msn.com/en-ca/money/companies/china-vows-to-transform-economy-sets-ambitious-growth-target/ar-BB1jlgXC?apiversion=v2&amp;noservercache=1&amp;domshim=1&amp;renderwebcomponents=1&amp;wcseo=1&amp;batchservertelemetry=1&amp;noservertelemetry=1">ambitious economic growth target</a> of around 5% for 2024, mirroring last year's goal.
In light of these encouraging developments within the Chinese economy, let's now examine the fundamentals of the featured <a href="https://stocknews.com/category/china/">China</a> stocks in detail, beginning with number three:
Stock #3: JD.com, Inc. (<a href="https://stocknews.com/stock/JD/">JD</a>)
Headquartered in Beijing, internet retailer JD offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products.
On March 4, JD declared a quarterly dividend of $0.76 per <a href="https://www.investopedia.com/terms/a/ads.asp">ADS</a>, payable to its ADS holders on or around April 29, 2024.  Its annual dividend translates to a 2.9% yield on the prevailing price level, while its four-year average dividend yield is 1.14%.
JD's trailing-12-month asset turnover ratio of 1.77x is 77.4% higher than the 1.00x industry average. Likewise, the stock's trailing-12-month cash per share of $6.46 is 143% higher than the $2.66 industry average.
For the fiscal fourth quarter, which ended on December 31, 2023, JD's total net revenues increased 3.6% from the prior-year quarter to $43.11 billion. During the same quarter, the company's attributable non-GAAP net income amounted to $1.19 billion and $0.75 per ADS, up 9.9% and 10.2% from the year-ago value, respectively.
Analysts expect JD's revenue for the fiscal 2024 first quarter (ending March 2024) to increase 2.3% year-over-year to $35.79 billion, while its EPS for the ongoing quarter is projected to come in at $0.66. Moreover, the company has topped its revenue and EPS estimates in each of the trailing four quarters, which is excellent.
JD's revenue has grown at CAGRs of 13.3% and 18.6% over the past three and five years, respectively. Meanwhile, its EBIT and total assets have improved at CAGRs of 39.2% and 14.2% over the past three years, respectively.
JD's shares have surged 11.2% over the past month to close the last trading session at $26.36.
JD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall B rating, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.  
It has a B grade for Growth and Value. In the 40-stock <a href="https://stocknews.com/category/china/">China</a> industry, it is ranked #12. <a href="https://stocknews.com/stock/JD/">Click here</a> to see JD's ratings for Momentum, Stability, Sentiment, and Quality.
Stock #2: China Automotive Systems, Inc. (<a href="https://stocknews.com/stock/CAAS/">CAAS</a>)
Headquartered in Jingzhou, CAAS manufactures and sells automotive systems and components in China and internationally. In addition, the company offers after-sales services, and research and development support services as well.
CAAS' trailing-12-month CAPEX/Sales of 3.78% is 23.4% higher than the 3.06% industry average. Likewise, the stock's trailing-12-month cash per share of $3.59 is 34.9% higher than the $2.66 industry average.
For the nine-month period that ended on September 30, 2023, CAAS' net product sales increased 4.1% year-over-year to $417.19 million, while its gross profit came in at $69.09 million, up 18.4% from the year-ago value.
During the same period, the company's net income and EPS rose 69.1% and 61.8% year-over-year to $30.60 million and $0.89, respectively. Also, the company reported a comprehensive income of $21.84 million versus a comprehensive loss of $18.33 million in the same period last year.
CAAS' EPS is projected to increase by 10% annually over the next five years. Moreover, the company surpassed its EPS estimates in three of the trailing four quarters, which is promising.
In addition, over the past three years, its revenue and total assets have grown at CAGRs of 12.2% and 1.9%, respectively.
The stock has gained 1.6% over the past month to close the last trading session at $3.25.
CAAS' strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
It has an A grade for Value and a B grade for Growth, Stability, and Sentiment. Within the same industry, it is ranked #6. <a href="https://stocknews.com/stock/CAAS/">Click here</a> to see the other ratings of CAAS for Momentum and Quality.  
Stock #1: Youdao, Inc. (<a href="https://stocknews.com/stock/DAO/">DAO</a>)
Headquartered in Hangzhou, DAO is an internet technology company that provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services; Smart Devices; and Online Marketing Services.
DAO's trailing-12-month gross profit margin of 51.35% is 43% higher than the 35.91% industry average. Likewise, the stock's trailing-12-month asset turnover ratio of 2.73x is 173.7% higher than the 1.00x industry average.
For the fiscal fourth quarter, which ended on December 31, 2023, DAO's total net revenues increased 1.8% year-over-year to $208.53 million, while its gross profit came in at $104.06 million.
During the same quarter, the company's attributable net income and net income per ADS increased significantly from the prior-year quarter to $7.90 million and $0.07, respectively.
The consensus revenue estimate of $858.33 million for the fiscal year ending December 2024 reflects a 14.5% year-over-year improvement. Meanwhile, its EPS for the same period is projected to increase by 86.7% year-over-year. 
The company has surpassed its revenue estimates in three of the trailing four quarters and EPS estimates in each of the trailing four quarters, which is impressive.
In addition, DAO's revenue has grown at CAGRs of 10.6% and 28.7% over the past three and five years, respectively.
Over the past six months, the stock has climbed 3.7% to close the last trading session at $3.89.
It's no surprise that DAO has an overall rating of B, which equates to Buy in our proprietary rating system. It has a B grade for Growth, Value, and Sentiment. In the same 40-stock industry, it is ranked #4.    
In addition to the POWR Ratings we've stated above, we also have DAO's ratings for Momentum, Stability, and Quality. Get all DAO ratings <a href="https://stocknews.com/stock/DAO/">here</a>. 
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
 

<hr />
JD shares were trading at $27.16 per share on Wednesday morning, up $0.80 (+3.03%). Year-to-date, JD has declined -5.99%, versus a 9.70% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Mukherjee</h2> <img src='https:/wp-content/uploads/2023/06/Anushka-Mukherjee_Headshot-2.jpg' style="float:left; padding:5px;width:125px;">Anushka's ultimate aim is to equip investors with essential knowledge that empowers them to make well-informed investment choices and attain sustained financial prosperity in the long run.<a href="https://stocknews.com/authors/?author=anushka-mukherjee">More...</a>The post <a href=https://stocknews.com/news/jd-dao-caas-3-china-stocks-positioned-for-long-term-growth/>3 China Stocks Positioned for Long-Term Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 China Stocks Positioned for Long-Term Growth

China Automotive Systems GAAP EPS of $0.36, revenue of $159.2M

China Automotive Systems, Inc. (CAAS) Q4 2023 Earnings Call Transcript

China Automotive Sys (CAAS) said before open Thursday that it broke even in quarter four 2023. In the same quarter a year ago, the company earned $0.14 per share on revenue of $128.8 million. The stock is up 6.27% to $3.56 after the report.China Automotive Sys's profit margins maintained as both earnings and revenue declin

China Automotive Sys Up 6.27% To $3.56 After Earnings

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
China Automotive Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/caas-stock-quote/">CAAS</a>) just reported results for the fourth quarter of 2023.<ul><li>China Automotive Systems reported earnings per share of 36 cents.</li><li>The company reported revenue of $159.20 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/caas-stock-earnings-china-automotive-systems-for-q4-of-2023/">CAAS Stock Earnings: China Automotive Systems Reported Results for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CAAS Stock Earnings: China Automotive Systems Reported Results for Q4 2023

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Press Releases

China Automotive Systems to Announce Unaudited 2023 First Quarter Financial Results on May 12, 2023

China Automotive Systems' Unaudited Diluted Income Per Share Climbs to $0.23 in the First Quarter of 2023

China Automotive Systems to Announce Unaudited 2023 Second Quarter Financial Results on August 11, 2023

China Automotive Systems Reports 90.0% Increase in Net Income Per Share to $0.57 in the First Six Months of 2023

China Automotive Systems Announces Annual Meeting on August 30, 2023

Automotive Steering System Market Set to Steer Towards 4% CAGR Growth

Opinion

Thinking about buying stock in CNS Pharmaceuticals, China Automotive Systems, Evertec, Farmmi, or Solo Brands?

China Automotive Systems to Announce Unaudited 2023 Fourth Quarter and Audited 2023 Year Financial Results on March 28, 2024

China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023