Shares of Auto Trader Group plc (LON:AUTO - Get Free Report) traded down 11.3% during mid-day trading on Thursday . The stock traded as low as GBX 769.40 ($10.36) 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).
Analysts Set New Price Targets
AUTO has been the subject of a number of recent research reports. Berenberg Bank restated a "hold" rating and set a GBX 830 ($11.17) price objective on shares of Auto Trader Group in a research note on Thursday. JPMorgan Chase & Co. reissued 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Auto Trader Group presently has an average rating of "Hold" and an average target price of GBX 864.25 ($11.63).
Get Our Latest Stock Report on AUTO
Auto Trader Group Stock Up 0.9%
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's 50 day moving average price is GBX 814.03 and its two-hundred day moving average price is GBX 798.15. 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 released its quarterly earnings data on Thursday, May 29th. The company reported GBX 31.66 ($0.43) EPS for the quarter. Auto Trader Group had a net margin of 45.00% and a return on equity of 47.03%. Sell-side analysts anticipate that Auto Trader Group plc will post 32.7973074 earnings per share for the current fiscal year.
Insider Activity at Auto Trader Group
In other Auto Trader Group news, insider Nathan Coe sold 2,083,252 shares of the company's stock in a transaction on Thursday, March 27th. The stock was 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 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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