Auto Trader Group plc (LON:AUTO - Get Free Report) shares were down 11.3% during trading on Thursday . The company traded as low as GBX 769.40 ($10.35) and last traded at GBX 798.60 ($10.75). Approximately 11,321,527 shares traded hands 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 ($12.11).
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on AUTO shares. Berenberg Bank reiterated a "hold" rating and issued a GBX 830 ($11.17) price target on shares of Auto Trader Group in a research note 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 note on Thursday, March 20th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of GBX 864.25 ($11.63).
Read Our Latest Stock Report on Auto Trader Group
Auto Trader Group Stock Down 1.3%
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 stock has a market cap of £6.96 billion, a P/E ratio of 27.95, a P/E/G ratio of 3.99 and a beta of 0.78. The stock's fifty day simple moving average is GBX 814.03 and its 200-day simple moving average is GBX 798.
Auto Trader Group (LON:AUTO - Get Free Report) last posted its quarterly earnings data 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, research analysts forecast that Auto Trader Group plc will post 32.7973074 earnings per share for the current fiscal year.
Insider Buying and Selling at Auto Trader Group
In other news, insider Nathan Coe sold 2,083,252 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of GBX 386 ($5.19), for a total transaction of £8,041,352.72 ($10,819,904.09). Insiders own 1.04% of the company's stock.
Auto Trader Group Company Profile
(
Get Free Report)
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.
See Also
Before you consider Auto Trader Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Auto Trader Group wasn't on the list.
While Auto Trader Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
