Shares of Auto Trader Group plc (LON:AUTO - Get Free Report) dropped 11.3% on Thursday . The stock traded as low as GBX 769.40 ($10.35) and last traded at GBX 798.60 ($10.75). Approximately 11,321,527 shares changed hands 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).
Wall Street Analysts Forecast Growth
AUTO has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated 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. Berenberg Bank reissued a "hold" rating and issued 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 864.25 ($11.63).
Check Out Our Latest Stock Analysis on AUTO
Auto Trader Group Stock Down 1.3%
The firm has a market cap of £6.96 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 3.99 and a beta of 0.78. The business has a fifty day simple moving average of GBX 814.03 and a 200 day simple moving average of GBX 798.15. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50.
Auto Trader Group (LON:AUTO - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported GBX 31.66 ($0.43) 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, equities analysts forecast that Auto Trader Group plc will post 32.7973074 EPS for the current fiscal year.
Insider Buying and Selling
In other Auto Trader Group news, insider Nathan Coe sold 2,083,252 shares of the business'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 transaction of £8,041,352.72 ($10,819,904.09). 1.04% of the stock is owned by company insiders.
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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