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

Auto Trader Group plc (LON:AUTO)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 487.93 and traded as high as GBX 536.60. Auto Trader Group shares last traded at GBX 535.20, with a volume of 1,621,624 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada cut their target price on shares of Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating for the company in a research note on Friday, July 17th. Berenberg Bank reduced their price target on shares of 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. JPMorgan Chase & Co. decreased their price target on shares of Auto Trader Group from GBX 445 to GBX 440 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, UBS Group reiterated a “sell” rating and issued a GBX 470 price objective on shares of Auto Trader Group in a report on Monday, May 18th. 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 presently has a consensus rating of “Reduce” and an average target price of GBX 549.50.

Auto Trader Group Stock Down 1.6%

The company has a debt-to-equity ratio of 50.60, a quick ratio of 1.50 and a current ratio of 1.73. The company has a market cap of £4.03 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. The business has a 50-day simple moving average of GBX 491.14 and a 200-day simple moving average of GBX 491.13.

Auto Trader Group (LON:AUTO) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 earnings per share for the quarter. Auto Trader Group had a net margin of 47.08% and a return on equity of 60.53%. The company had revenue of £624.30 million for the quarter. On average, equities analysts anticipate that Auto Trader Group plc will post 32.7973074 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Matt Davies bought 5,643 shares of the stock in a transaction on Wednesday, May 27th. The stock was purchased at an average cost of GBX 443 per share, with a total value of £24,998.49. Also, insider Megan Quinn acquired 10,900 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of GBX 462 per share, with a total value of £50,358. Insiders acquired a total of 69,952 shares of company stock valued at $31,918,459 in the last 90 days. Insiders own 3.42% 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.