Auto Trader Group (LON:AUTO) Stock Passes Below 50-Day Moving Average – Should You Sell?

Auto Trader Group plc (LON:AUTO)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 481.02 and traded as low as GBX 450. Auto Trader Group shares last traded at GBX 459.18, with a volume of 8,521,873 shares traded.

Analyst Upgrades and Downgrades

AUTO has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a research note on Friday, May 22nd. UBS Group reiterated a “sell” rating and set a GBX 470 price target on shares of Auto Trader Group in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating on the stock in a research note on Friday, March 27th. Berenberg Bank lowered their price target on shares of Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Finally, Citigroup reduced their price objective on shares of Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating for the company in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of GBX 553.40.

Auto Trader Group Trading Up 2.0%

The stock’s 50 day moving average price is GBX 481.02 and its 200-day moving average price is GBX 526.26. 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 stock has a market capitalization of £3.82 billion, a PE ratio of 13.76, a PEG ratio of 3.99 and a beta of 0.69.

Auto Trader Group (LON:AUTO) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 earnings per share (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, sell-side analysts expect that Auto Trader Group plc will post 32.7973074 earnings per share for the current fiscal year.

Insider Activity at Auto Trader Group

In related news, insider Jasvinder Gakhal bought 5,554 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of GBX 448 per share, with a total value of £24,881.92. Also, insider Adam Jay bought 10,846 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of GBX 459 per share, with a total value of £49,783.14. Insiders bought a total of 64,850 shares of company stock valued at $29,418,479 in the last ninety days. Corporate insiders own 3.31% 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.