Auto Trader Group plc (LON:AUTO - Get Free Report) shares dropped 11.6% during mid-day trading on Thursday . The company traded as low as GBX 793.20 ($10.75) and last traded at GBX 795.76 ($10.78). Approximately 111,260,617 shares changed hands during trading, an increase of 1,230% from the average daily volume of 8,367,621 shares. The stock had previously closed at GBX 900 ($12.19).
Wall Street Analyst Weigh In
AUTO has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued an "underweight" rating and set a GBX 746 ($10.11) price objective on shares of Auto Trader Group in a report on Thursday, March 20th. Berenberg Bank restated a "hold" rating and issued a GBX 830 ($11.24) target price on shares of Auto Trader Group in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of GBX 864.25 ($11.71).
Check Out Our Latest Stock Report on Auto Trader Group
Auto Trader Group Price Performance
The firm has a market capitalization of £7.02 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The business has a 50 day simple moving average of GBX 814.98 and a two-hundred day simple moving average of GBX 798.13.
Auto Trader Group (LON:AUTO - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported GBX 31.66 ($0.43) earnings per share 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 expect that Auto Trader Group plc will post 32.7973074 EPS for the current fiscal year.
Insider Activity
In related news, insider Nathan Coe sold 2,083,252 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of GBX 386 ($5.23), for a total transaction of £8,041,352.72 ($10,893,189.81). Corporate insiders own 1.04% of the company's stock.
About Auto Trader Group
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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.
Further Reading
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