Auto Trader Group (LON:AUTO) Hits New 52-Week Low – Here’s Why

Auto Trader Group plc (LON:AUTO)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 425.50 and last traded at GBX 428.30, with a volume of 241087063 shares changing hands. The stock had previously closed at GBX 444.40.

Analyst Ratings Changes

Several analysts have weighed in on AUTO shares. UBS Group reaffirmed a “sell” rating and issued a GBX 470 price target on shares of Auto Trader Group in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating on the stock in a report on Friday, March 27th. Citigroup lowered their price target on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Berenberg Bank lowered their price target on Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Auto Trader Group currently has a consensus rating of “Reduce” and a consensus price target of GBX 553.40.

Auto Trader Group Trading Up 3.3%

The company has a market capitalization of £3.60 billion, a PE ratio of 13.28, a PEG ratio of 3.99 and a beta of 0.69. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 50.60. The stock has a fifty day moving average of GBX 482.75 and a two-hundred day moving average of GBX 535.27.

Auto Trader Group (LON:AUTO) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 earnings per share 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, 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 Megan Quinn bought 10,900 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of GBX 462 per share, for a total transaction of £50,358. Also, insider Matt Davies bought 5,643 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of GBX 443 per share, for a total transaction of £24,998.49. Insiders bought a total of 64,850 shares of company stock worth $29,418,479 in the last quarter. 3.31% of the stock is owned by company insiders.

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.