Auto Trader Group plc (LON:AUTO - Get Free Report) shares were down 14.2% on Thursday . The company traded as low as GBX 770 ($10.36) and last traded at GBX 772 ($10.39). Approximately 113,638,461 shares changed hands during trading, an increase of 1,254% from the average daily volume of 8,390,934 shares. The stock had previously closed at GBX 900 ($12.11).
Analyst Upgrades and Downgrades
AUTO has been the topic of a number of analyst reports. Berenberg Bank reissued a "hold" rating and issued a GBX 830 ($11.17) target price on shares of Auto Trader Group in a research note on Thursday. JPMorgan Chase & Co. reiterated an "underweight" rating and set a GBX 746 ($10.04) target price on shares of Auto Trader Group in a research report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of GBX 864.25 ($11.63).
View Our Latest Stock Analysis on Auto Trader Group
Auto Trader Group Trading Up 0.9%
The company's fifty day simple moving average is GBX 814.03 and its two-hundred day simple moving average is GBX 798.15. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26. The company has a market capitalization 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 posted its quarterly earnings results on Thursday, May 29th. The company reported GBX 31.66 ($0.43) earnings per share for the quarter. Auto Trader Group had a return on equity of 47.03% and a net margin of 45.00%. Research analysts forecast that Auto Trader Group plc will post 32.7973074 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Nathan Coe sold 2,083,252 shares of Auto Trader Group stock in a transaction on Thursday, March 27th. The shares were 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 currently owned by company insiders.
About Auto Trader Group
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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.
Further Reading
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