Auto Trader Group (LON:AUTO) Stock Price Down 8% – Should You Sell?

Auto Trader Group plc (LON:AUTO)’s stock price was down 8% on Thursday . The company traded as low as GBX 448.70 and last traded at GBX 456.50. Approximately 33,549,816 shares were traded during trading, an increase of 4% from the average daily volume of 32,315,277 shares. The stock had previously closed at GBX 496.30.

Analyst Ratings Changes

AUTO has been the topic of several research reports. Citigroup dropped 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 research note on Thursday, April 9th. JPMorgan Chase & Co. decreased their target price on Auto Trader Group from GBX 630 to GBX 515 and set an “underweight” rating for the company in a research note on Thursday, March 19th. UBS Group reiterated a “sell” rating and set a GBX 470 price target on shares of Auto Trader Group in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating on the stock in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Auto Trader Group currently has a consensus rating of “Hold” and an average price target of GBX 598.40.

Auto Trader Group Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.50 and a debt-to-equity ratio of 10.48. The company’s 50-day moving average is GBX 488.77 and its two-hundred day moving average is GBX 549.88. The stock has a market capitalization of £3.73 billion, a P/E ratio of 13.76, a P/E/G ratio of 3.99 and a beta of 0.69.

Auto Trader Group (LON:AUTO) last posted its earnings results on Thursday, May 21st. The company reported GBX 34.17 EPS for the quarter. Auto Trader Group had a net margin of 47.69% and a return on equity of 51.86%. The firm had revenue of £624.30 million during the quarter. As a group, sell-side analysts anticipate that Auto Trader Group plc will post 32.7973074 EPS for the current fiscal year.

Insider Activity at Auto Trader Group

In other Auto Trader Group news, insider Matt Davies bought 5,532 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of GBX 452 per share, with a total value of £25,004.64. Also, insider Amanda James purchased 5,477 shares of Auto Trader Group stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of GBX 454 per share, with a total value of £24,865.58. Insiders own 3.31% 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.