Auto Trader Group plc (LON:AUTO - Get Free Report) shares dropped 11.3% on Thursday . The company traded as low as GBX 769.40 ($10.40) and last traded at GBX 798.60 ($10.80). Approximately 11,321,527 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 7,387,826 shares. The stock had previously closed at GBX 900 ($12.17).
Wall Street Analysts Forecast Growth
AUTO has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a GBX 746 ($10.09) price target on shares of Auto Trader Group in a research note on Thursday, March 20th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 830 ($11.22) target price on shares of Auto Trader Group in a report on Thursday, May 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Auto Trader Group presently has a consensus rating of "Hold" and an average target price of GBX 864.25 ($11.68).
Get Our Latest Stock Report on AUTO
Auto Trader Group Price Performance
The company has a fifty day simple moving average of GBX 816.22 and a 200-day simple moving average of GBX 798.23. The company has a market cap of £7.11 billion, a P/E ratio of 28.53, a PEG ratio of 3.99 and a beta of 0.78. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50.
Auto Trader Group (LON:AUTO - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported GBX 31.66 ($0.43) earnings per share (EPS) for the quarter. Auto Trader Group had a return on equity of 47.03% and a net margin of 45.00%. On average, sell-side analysts predict that Auto Trader Group plc will post 32.7973074 earnings per share for the current year.
Insiders Place Their Bets
In other Auto Trader Group news, insider Nathan Coe sold 2,083,252 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of GBX 386 ($5.22), for a total transaction of £8,041,352.72 ($10,871,100.07). Corporate insiders own 1.04% of the company's stock.
Auto Trader Group Company Profile
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About Auto Trader
Auto Trader Group plc is the UK's largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader's purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader's marketplace sits at the heart of the UK car buying process.
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