Auto Trader Group plc (LON:AUTO - Get Free Report) shares dropped 11.3% during mid-day trading on Thursday . The company traded as low as GBX 769.40 ($10.35) and last traded at GBX 798.60 ($10.75). Approximately 11,321,527 shares were traded during trading, an increase of 53% from the average daily volume of 7,387,826 shares. The stock had previously closed at GBX 900 ($12.11).
Analysts Set New Price Targets
Several research firms have recently weighed in on AUTO. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a GBX 746 ($10.04) target price on shares of Auto Trader Group in a report on Thursday, March 20th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 830 ($11.17) target price on shares of Auto Trader Group in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Auto Trader Group presently has a consensus rating of "Hold" and a consensus price target of GBX 864.25 ($11.63).
Get Our Latest Stock Report on AUTO
Auto Trader Group Stock Performance
The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The firm has a fifty day moving average price of GBX 814.03 and a 200 day moving average price of GBX 798.15. 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.
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 research analysts expect that Auto Trader Group plc will post 32.7973074 earnings per share for the current fiscal year.
Insider Activity at Auto Trader Group
In related news, insider Nathan Coe sold 2,083,252 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of GBX 386 ($5.19), for a total transaction of £8,041,352.72 ($10,819,904.09). 1.04% of the stock is owned by 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.
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