Auto Trader Group (LON:AUTO) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Shares of Auto Trader Group crossed above its 50-day moving average, indicating potential bullish momentum, currently trading at GBX 837.04 ($11.31).
• The company's latest earnings report showed a net margin of 45.00% and a return on equity of 47.03%, with expectations for EPS to reach approximately 32.80.
• Insider trading activity included significant sales by executives, with a total of 181,217 shares sold in the past ninety days, reflecting a loss of insider confidence.

Shares of Auto Trader Group plc (LON:AUTO - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 827.33 ($11.18) and traded as high as GBX 840.60 ($11.35). Auto Trader Group shares last traded at GBX 837.04 ($11.31), with a volume of 1,280,844 shares.

Analyst Ratings Changes

Several research analysts have weighed in on AUTO shares. JPMorgan Chase & Co. reissued an "underweight" rating and set a GBX 745 ($10.06) price objective on shares of Auto Trader Group in a report on Tuesday, July 1st. Berenberg Bank reissued a "hold" rating and set a GBX 830 ($11.21) price objective on shares of Auto Trader Group in a report on Thursday, May 29th.

Auto Trader Group Price Performance

The company has a market capitalization of £7.35 billion, a P/E ratio of 29.50, a P/E/G ratio of 3.99 and a beta of 0.78. The business's 50-day simple moving average is GBX 827.33 and its 200 day simple moving average is GBX 799.05. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26.

Auto Trader Group (LON:AUTO - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported GBX 31.66 ($0.43) EPS for the quarter. Auto Trader Group had a net margin of 45.00% and a return on equity of 47.03%. As a group, sell-side analysts anticipate that Auto Trader Group plc will post 32.7973074 EPS for the current year.

Insider Buying and Selling

In related news, insider Jamie Warner sold 43,566 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of GBX 812 ($10.97), for a total value of £353,755.92 ($477,854.82). Also, insider Nathan Coe sold 96,066 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of GBX 812 ($10.97), for a total transaction of £780,055.92 ($1,053,702.44). Insiders have sold 181,217 shares of company stock worth $147,148,204 in the last ninety days. 1.04% of the stock is currently owned by corporate insiders.

About Auto Trader Group

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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