Auto Trader Group (LON:AUTO) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Auto Trader Group plc (LON:AUTO)’s share price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 504.49 and traded as low as GBX 463.80. Auto Trader Group shares last traded at GBX 470.80, with a volume of 3,285,025 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AUTO. JPMorgan Chase & Co. dropped their target price on Auto Trader Group from GBX 445 to GBX 440 and set an “underweight” rating on the stock in a research report on Wednesday, August 5th. Royal Bank Of Canada decreased their price objective on 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. Finally, Jefferies Financial Group raised Auto Trader Group to a “buy” rating and raised their price objective for the company from GBX 545 to GBX 640 in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 562.43.

Auto Trader Group Price Performance

The company has a market cap of £3.75 billion, a PE ratio of 14.34, a PEG ratio of 3.99 and a beta of 0.69. 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’s 50-day moving average is GBX 502.69 and its 200 day moving average is GBX 491.82.

Insiders Place Their Bets

In related news, insider Nathan Coe sold 70,158 shares of the business’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 497, for a total transaction of £348,685.26. Also, insider Jamie Warner sold 32,481 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 497, for a total value of £161,430.57. Corporate insiders own 3.61% of the company’s stock.

About Auto Trader Group

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.