Auto Trader Group (LON:AUTO) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Auto Trader Group plc (LON:AUTO)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 480.42 and traded as high as GBX 513. Auto Trader Group shares last traded at GBX 510.80, with a volume of 2,673,569 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. 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. Royal Bank Of Canada lowered their price target on shares of Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating on the stock in a report on Friday, July 17th. JPMorgan Chase & Co. dropped their price objective on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating for the company in a research note on Friday, May 22nd. 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. Finally, Berenberg Bank dropped their target price 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. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of GBX 550.33.

Auto Trader Group Stock Up 0.5%

The stock has a market cap of £4.18 billion, a P/E ratio of 15.60, a P/E/G ratio of 3.99 and a beta of 0.69. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 50.60. The company has a 50-day simple moving average of GBX 481.64 and a two-hundred day simple moving average of GBX 493.50.

Auto Trader Group (LON:AUTO) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 EPS for the quarter. The firm had revenue of £624.30 million during the quarter. Auto Trader Group had a net margin of 47.08% and a return on equity of 60.53%. On average, equities analysts forecast that Auto Trader Group plc will post 32.7973074 EPS for the current year.

Insider Buying and Selling

In other news, insider Matt Davies acquired 5,102 shares of the business’s stock in a transaction on Monday, June 29th. The shares were acquired at an average cost of GBX 490 per share, with a total value of £24,999.80. Also, insider Megan Quinn purchased 10,900 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of GBX 462 per share, for a total transaction of £50,358. Insiders have bought a total of 69,952 shares of company stock valued at $31,918,459 over the last three months. Insiders own 3.42% of the company’s stock.

About Auto Trader Group

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.