Auto Trader Group (LON:AUTO) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Auto Trader Group plc (LON:AUTO) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 502.47 and traded as high as GBX 537.20. Auto Trader Group shares last traded at GBX 527.20, with a volume of 2,402,927 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AUTO. UBS Group reissued a “sell” rating and set a GBX 470 price target on shares of Auto Trader Group in a research note on Monday, May 18th. Royal Bank Of Canada reduced their target price on Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating on the stock in a research note on Friday, July 17th. JPMorgan Chase & Co. decreased their target price on Auto Trader Group from GBX 445 to GBX 440 and set an “underweight” rating for the company in a research report on Wednesday, August 5th. Finally, Berenberg Bank lowered 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 note on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of GBX 549.50.

Auto Trader Group Stock Down 1.3%

The company has a debt-to-equity ratio of 51.83, a current ratio of 1.73 and a quick ratio of 1.50. The stock has a market cap of £4.13 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. The business has a fifty day moving average of GBX 503.78 and a 200-day moving average of GBX 489.25.

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 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%. Equities research analysts anticipate that Auto Trader Group plc will post 32.7973074 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jamie Warner sold 32,481 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 497, for a total transaction of £161,430.57. Also, insider Megan Quinn purchased 10,900 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of GBX 462 per share, for a total transaction of £50,358. In the last ninety days, insiders bought 54,566 shares of company stock worth $24,931,148. 3.54% 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.