Auto Trader Group (LON:AUTO) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Key Points

• Auto Trader Group's stock price fell below its fifty day moving average, trading at GBX 788.20 ($10.60) on Tuesday, with a volume of nearly 2.7 million shares.
• JPMorgan Chase & Co. has reaffirmed an "underweight" rating for Auto Trader shares, setting a price target at GBX 745, while the consensus rating is "Reduce".
• Recent insider selling activity included two significant transactions, with insiders selling 181,217 shares valued at around $147.15 million over the past three months.

Auto Trader Group plc (LON:AUTO - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 805.41 ($10.83) and traded as low as GBX 775.60 ($10.43). Auto Trader Group shares last traded at GBX 788.20 ($10.60), with a volume of 2,689,019 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a GBX 745 price target on shares of Auto Trader Group in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Auto Trader Group presently has a consensus rating of "Reduce" and a consensus target price of GBX 840.33.

Auto Trader Group Price Performance

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 firm has a market capitalization of £6.78 billion, a price-to-earnings ratio of 2,463.24, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The business has a fifty day moving average of GBX 805.41 and a two-hundred day moving average of GBX 807.56.

Insider Buying and Selling

In related news, insider Jamie Warner sold 43,566 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of GBX 812, for a total value of £353,755.92. Also, insider Nathan Coe sold 96,066 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of GBX 812, for a total value of £780,055.92. In the last three months, insiders have sold 181,217 shares of company stock valued at $147,148,204. 3.15% of the stock is owned by 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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