Auto Trader Group (LON:AUTO) Stock Passes Above 50-Day Moving Average – Here’s Why

Auto Trader Group plc (LON:AUTOGet Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 487.93 and traded as high as GBX 536.60. Auto Trader Group shares last traded at GBX 535.20, with a volume of 1,621,624 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a research note on Friday, May 22nd. Citigroup cut their price target on shares of Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Berenberg Bank reduced their price objective on shares of Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Royal Bank Of Canada decreased their price objective on shares of Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating for the company in a report on Friday, July 17th. Finally, UBS Group reaffirmed a “sell” rating and issued a GBX 470 target price on shares of Auto Trader Group in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of GBX 550.33.

Get Our Latest Stock Report on AUTO

Auto Trader Group Price Performance

The stock has a market cap of £4.15 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. The firm has a 50-day moving average price of GBX 487.93 and a 200-day moving average price of GBX 492.08. The company has a debt-to-equity ratio of 50.60, a quick ratio of 1.50 and a current ratio of 1.73.

Auto Trader Group (LON:AUTOGet Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 34.17 earnings per share for the quarter. The company had revenue of £624.30 million for the quarter. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%. On average, analysts forecast that Auto Trader Group plc will post 32.7973074 earnings per share for the current fiscal year.

Insider Buying and Selling at Auto Trader Group

In other Auto Trader Group news, insider Matt Davies bought 5,643 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of GBX 443 per share, for a total transaction of £24,998.49. Also, insider Jamie Warner sold 32,481 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 497, for a total transaction of £161,430.57. In the last three months, insiders have bought 69,952 shares of company stock valued at $31,918,459. Company insiders own 3.42% of the company’s stock.

Auto Trader Group Company Profile

(Get Free Report)

Autotrader Group plc is the UK’s largest automotive marketplace and a leading digital platform for the automotive industry. Listed on the London Stock Exchange since March 2015, the company is a member of the FTSE 100 Index.

Autotrader’s purpose is Driving Change Together. Responsibly. The company uses advanced data science, artificial intelligence and scalable technology to improve how vehicles are bought and sold, while building stronger partnerships with its customers and the wider automotive ecosystem.

Further Reading

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