Auto Trader Group (LON:AUTO) Stock Price Down 8% – Should You Sell?

Shares of Auto Trader Group plc (LON:AUTO) dropped 8% on Thursday . The stock traded as low as GBX 448.70 and last traded at GBX 456.50. Approximately 33,549,816 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 32,315,277 shares. The stock had previously closed at GBX 496.30.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AUTO shares. UBS Group reaffirmed a “sell” rating and set a GBX 470 price target on shares of Auto Trader Group in a research note on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Auto Trader Group from GBX 630 to GBX 515 and set an “underweight” rating for the company in a research report on Thursday, March 19th. Citigroup lowered their target price on 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. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating on the stock in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 598.40.

Auto Trader Group Price Performance

The firm has a market cap of £3.73 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 3.99 and a beta of 0.69. The business’s 50-day moving average price is GBX 488.77 and its two-hundred day moving average price is GBX 549.88. The company has a debt-to-equity ratio of 10.48, a current ratio of 1.77 and a quick ratio of 1.50.

Auto Trader Group (LON:AUTO) last posted 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 for the quarter. Auto Trader Group had a net margin of 47.69% and a return on equity of 51.86%. On average, research analysts forecast that Auto Trader Group plc will post 32.7973074 EPS for the current fiscal year.

Insider Buying and Selling

In other Auto Trader Group news, insider Amanda James acquired 5,477 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of GBX 454 per share, with a total value of £24,865.58. Also, insider Matt Davies acquired 5,532 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of GBX 452 per share, with a total value of £25,004.64. 3.31% of the stock is currently owned by 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.