Auto Trader Group plc (LON:AUTO - Get Free Report)'s share price dropped 14.2% during mid-day trading on Thursday . The company traded as low as GBX 771 ($10.38) and last traded at GBX 772.32 ($10.39). Approximately 112,448,109 shares were traded during mid-day trading, an increase of 1,242% from the average daily volume of 8,378,374 shares. The stock had previously closed at GBX 900 ($12.11).
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on AUTO. Berenberg Bank reaffirmed a "hold" rating and set 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 set a GBX 746 ($10.04) price target 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 issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of GBX 864.25 ($11.63).
View Our Latest Analysis on AUTO
Auto Trader Group Stock Up 0.9%
The stock has a fifty day moving average of GBX 814.03 and a 200-day moving average of GBX 798.15. The firm has a market capitalization of £7.02 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 3.99 and a beta of 0.78. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26.
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 return on equity of 47.03% and a net margin of 45.00%. As a group, sell-side analysts expect that Auto Trader Group plc will post 32.7973074 EPS for the current year.
Insider Activity
In other Auto Trader Group news, insider Nathan Coe sold 2,083,252 shares of the stock in a transaction that occurred 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). 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.
Further Reading
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