Auto Trader Group (LON:AUTO) Shares Cross Above 50 Day Moving Average – What’s Next?

Auto Trader Group plc (LON:AUTO) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 480.72 and traded as high as GBX 507. Auto Trader Group shares last traded at GBX 499.70, with a volume of 1,896,673 shares trading hands.

Analyst Ratings Changes

AUTO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating for the company in a report on Friday, March 27th. Berenberg Bank lowered their price target on 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. Citigroup dropped their price target 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. JPMorgan Chase & Co. cut their price objective on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a report on Friday, May 22nd. Finally, UBS Group reaffirmed a “sell” rating and issued a GBX 470 price objective on shares of Auto Trader Group in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of GBX 553.40.

Auto Trader Group Trading Up 2.1%

The stock has a market capitalization of £4.06 billion, a PE ratio of 15.12, a PEG ratio of 3.99 and a beta of 0.69. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 50.60. The business’s 50-day moving average is GBX 481.01 and its two-hundred day moving average is GBX 499.41.

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. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%.The company had revenue of £624.30 million for the quarter. On average, analysts predict that Auto Trader Group plc will post 32.7973074 earnings per share for the current year.

Insider Transactions at Auto Trader Group

In other news, insider Jasvinder Gakhal acquired 5,554 shares of the stock in a transaction on Friday, May 22nd. The stock was bought at an average price of GBX 448 per share, with a total value of £24,881.92. Also, insider Matt Davies acquired 5,643 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of GBX 443 per share, for a total transaction of £24,998.49. Insiders have bought 69,952 shares of company stock worth $31,918,459 over the last 90 days. 3.42% of the stock is owned by corporate 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.