Auto Trader Group plc (LON:AUTO - Get Free Report)'s stock price dropped 11.3% during trading on Thursday . The company traded as low as GBX 769.40 ($10.40) and last traded at GBX 798.60 ($10.80). Approximately 11,321,527 shares were traded 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 ($12.17).
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 830 ($11.22) target price on shares of Auto Trader Group in a research note on Thursday, May 29th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a GBX 746 ($10.09) target price 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 given a buy rating to the stock. Based on data from MarketBeat, Auto Trader Group presently has a consensus rating of "Hold" and a consensus price target of GBX 864.25 ($11.68).
View Our Latest Report on AUTO
Auto Trader Group Stock Performance
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 firm has a market capitalization of £7.11 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.99 and a beta of 0.78. The stock's 50 day moving average is GBX 816.22 and its two-hundred day moving average is GBX 798.23.
Auto Trader Group (LON:AUTO - Get Free Report) last issued 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, equities analysts anticipate that Auto Trader Group plc will post 32.7973074 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Nathan Coe sold 2,083,252 shares of Auto Trader Group stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of GBX 386 ($5.22), for a total value of £8,041,352.72 ($10,871,100.07). Corporate insiders own 1.04% of the company's stock.
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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