Auto Trader Group plc (LON:AUTO - Get Free Report) dropped 11.3% on Thursday . The stock traded as low as GBX 769.40 ($10.36) and last traded at GBX 798.60 ($10.75). Approximately 11,321,527 shares changed hands during trading, an increase of 53% from the average daily volume of 7,387,826 shares. The stock had previously closed at GBX 900 ($12.11).
Wall Street Analysts Forecast Growth
AUTO has been the topic of several recent analyst reports. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 830 ($11.17) price target on shares of Auto Trader Group in a research report on Thursday. JPMorgan Chase & Co. restated an "underweight" rating and issued a GBX 746 ($10.04) price target on shares of Auto Trader Group in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Auto Trader Group has a consensus rating of "Hold" and an average price target of GBX 864.25 ($11.63).
Check Out Our Latest Report on Auto Trader Group
Auto Trader Group Trading Up 0.9%
The business has a 50 day simple moving average of GBX 814.03 and a 200 day simple moving average of GBX 798.15. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50. The company has a market cap of £7.02 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.
Auto Trader Group (LON:AUTO - Get Free Report) last issued its quarterly 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 net margin of 45.00% and a return on equity of 47.03%. As a group, equities analysts forecast that Auto Trader Group plc will post 32.7973074 EPS for the current year.
Insider Transactions at Auto Trader Group
In related 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 ($5.20), for a total value of £8,041,352.72 ($10,822,816.58). 1.04% of the stock is owned by company insiders.
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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