Auto Trader Group plc (LON:AUTO - Get Free Report) shares fell 11.3% during mid-day trading on Friday . The company traded as low as GBX 769.40 ($10.35) and last traded at GBX 798.60 ($10.75). 11,321,527 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 7,387,826 shares. The stock had previously closed at GBX 900 ($12.11).
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on AUTO. JPMorgan Chase & Co. reissued an "underweight" rating and set a GBX 746 ($10.04) price objective on shares of Auto Trader Group in a report on Thursday, March 20th. Berenberg Bank reissued a "hold" rating and set a GBX 830 ($11.17) price objective on shares of Auto Trader Group in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of GBX 864.25 ($11.63).
Check Out Our Latest Report on Auto Trader Group
Auto Trader Group Price 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 cap of £6.96 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The firm has a 50-day simple moving average of GBX 814.03 and a 200 day simple moving average of GBX 798.15.
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 for the quarter. Auto Trader Group had a return on equity of 47.03% and a net margin of 45.00%. As a group, equities analysts expect that Auto Trader Group plc will post 32.7973074 EPS for the current year.
Insider Activity
In related news, insider Nathan Coe sold 2,083,252 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of GBX 386 ($5.19), for a total value of £8,041,352.72 ($10,819,904.09). 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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