Auto Trader Group plc (LON:AUTO) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• Auto Trader Group has a consensus “Reduce” rating: Of six covering analysts, two recommend selling, three advise holding and one recommends buying. The average 12-month price target is GBX 549.50.
• Several brokerages recently cut their price targets, including JPMorgan to GBX 440, RBC to GBX 535, UBS at GBX 470 and Berenberg to GBX 510.
• The stock opened at GBX 522.80, with a £4.09 billion market capitalization, while the company reported quarterly EPS of GBX 34.17 and revenue of £624.30 million. Insiders also bought shares during the quarter, with insiders owning 3.54% of the company.

Auto Trader Group plc (LON:AUTO - Get Free Report) has been given an average rating of "Reduce" by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 549.50.

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Auto Trader Group from GBX 445 to GBX 440 and set an "underweight" rating on the stock in a research report on Wednesday, August 5th. Royal Bank Of Canada reduced their price target on shares of Auto Trader Group from GBX 830 to GBX 535 and set a "sector perform" rating for the company in a report on Friday, July 17th. UBS Group restated a "sell" rating and set a GBX 470 price target on shares of Auto Trader Group in a research report on Monday, May 18th. Finally, Berenberg Bank lowered their price target on shares of Auto Trader Group from GBX 580 to GBX 510 and set a "hold" rating for the company in a research report on Tuesday, May 26th.

Auto Trader Group Stock Up 0.5%

Shares of Auto Trader Group stock opened at GBX 522.80 on Tuesday. The business has a 50-day moving average of GBX 494.17 and a 200-day moving average of GBX 490.48. The company has a debt-to-equity ratio of 50.60, a current ratio of 1.73 and a quick ratio of 1.50. The company has a market capitalization of £4.09 billion, a PE ratio of 15.34, a P/E/G ratio of 3.99 and a beta of 0.69. Auto Trader Group has a 1-year low of GBX 418.60 and a 1-year high of GBX 831.20.

Auto Trader Group (LON:AUTO - Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 earnings per share (EPS) for the quarter. The company had revenue of £624.30 million for the quarter. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%. As a group, equities analysts forecast that Auto Trader Group will post 32.7973074 EPS for the current fiscal year.

Insider Activity

In other Auto Trader Group news, insider Matt Davies bought 5,643 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of GBX 443 per share, for a total transaction of £24,998.49. Also, insider Megan Quinn bought 10,900 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of GBX 462 per share, for a total transaction of £50,358. Insiders acquired 69,952 shares of company stock valued at $31,918,459 over the last quarter. Insiders own 3.54% of the company's stock.

Auto Trader Group Company Profile

Autotrader Group plc is the UK's largest automotive marketplace and a leading digital platform for the automotive industry. Listed on the London Stock Exchange since March 2015, the company is a member of the FTSE 100 Index. Autotrader's purpose is Driving Change Together. Responsibly. The company uses advanced data science, artificial intelligence and scalable technology to improve how vehicles are bought and sold, while building stronger partnerships with its customers and the wider automotive ecosystem.

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