Auto Trader Group PLC (AUTO) Insider Sean Glithero Sells 600,000 Shares
Auto Trader Group PLC (LON:AUTO) insider Sean Glithero sold 600,000 shares of the company’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of GBX 399 ($4.95), for a total value of £2,394,000 ($2,969,854.86).
Auto Trader Group PLC (LON:AUTO) opened at 399.70 on Thursday. The firm’s 50-day moving average price is GBX 383.73 and its 200-day moving average price is GBX 383.52. The company’s market cap is GBX 3.95 billion. Auto Trader Group PLC has a 52-week low of GBX 307.80 and a 52-week high of GBX 455.00.
The company also recently disclosed a dividend, which will be paid on Friday, January 27th. Stockholders of record on Thursday, January 5th will be given a dividend of GBX 1.70 ($0.02) per share. This is a positive change from Auto Trader Group PLC’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, January 5th. This represents a dividend yield of 0.43%.
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AUTO has been the subject of a number of research reports. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 445 ($5.52) price objective on shares of Auto Trader Group PLC in a report on Tuesday, August 16th. Canaccord Genuity upped their price objective on Auto Trader Group PLC from GBX 395 ($4.90) to GBX 456 ($5.66) and gave the stock a “buy” rating in a report on Wednesday, September 28th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 400 ($4.96) price objective on shares of Auto Trader Group PLC in a report on Tuesday, September 6th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 340 ($4.22) price objective on shares of Auto Trader Group PLC in a report on Wednesday, August 31st. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 495 ($6.14) price objective on shares of Auto Trader Group PLC in a report on Tuesday, September 20th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Auto Trader Group PLC presently has a consensus rating of “Buy” and an average price target of GBX 450.69 ($5.59).
Auto Trader Group PLC Company Profile
Auto Trader Group plc is a digital automotive marketplace. The Company is engaged in the business of buying and selling new and used vehicles. The Company also operates similar business in Ireland through its Website carzone.ie. The Company caters to various types of customer, including Trade, which consists of revenue from retailer customers and revenue from other products and services provided to retailers and home traders to support their online activities; Consumer services, which comprises revenue from individuals for vehicle advertisements on the Company’s Websites, and also includes revenue derived from third-party services directed at consumers relating to their motoring needs, such as insurance and loan finance, and Display advertising, which consists of revenue from customers and advertising agencies for placing display advertising on the Company’s Websites.
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