Auto Trader Group plc (LON:AUTO - Get Free Report)'s stock price dropped 11.5% during mid-day trading on Thursday . The company traded as low as GBX 769.40 ($10.35) and last traded at GBX 796.40 ($10.72). Approximately 114,553,336 shares changed hands during mid-day trading, an increase of 1,264% from the average daily volume of 8,399,902 shares. The stock had previously closed at GBX 900 ($12.11).
Wall Street Analyst Weigh In
Several research analysts recently weighed in on AUTO shares. Berenberg Bank restated a "hold" rating and issued a GBX 830 ($11.17) price objective 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 objective on shares of Auto Trader Group in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of GBX 864.25 ($11.63).
Get 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 firm's 50-day moving average is GBX 814.03 and its two-hundred day moving average is GBX 798. The stock has a market cap of £6.96 billion, a P/E ratio of 27.95, a PEG ratio of 3.99 and a beta of 0.78.
Auto Trader Group (LON:AUTO - Get Free Report) last released its 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%. On average, equities research analysts anticipate that Auto Trader Group plc will post 32.7973074 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Nathan Coe sold 2,083,252 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of GBX 386 ($5.19), for a total value of £8,041,352.72 ($10,819,904.09). Company 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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