Auto Trader Group (AUTO)

Sector:

Retailers

Index:

FTSE 100

542.20p
   
  • Change Today:
    -12.80p
  • 52 Week High: 741.80
  • 52 Week Low: 499.50
  • Currency: UK Pounds
  • Shares Issued: 943.19m
  • Volume: 1,666,964
  • Market Cap: £5,114m
  • RiskGrade: 131

Liberum keeps Auto Trader as 'top pick', says strategy shift paying dividends

By Alexander Bueso

Date: Friday 12 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum raised their target price for shares of 'top pick' Auto Trader on the back of its latest interims, saying the group's performance was proof that its shift towards a strategy based on average revenues per retailer was paying dividends.
The faster and higher quality growth should drive a re-rating in the shares, they argued.

Their comments followed a more than 14% surge in shares of the digital automotive marketplace during the previous session, after the company revealed record profits and upgraded its guidance.

For its 2022 financial year, Auto Trader was now anticipating growth at retailer forecourts and low double-digit ARPR growth.

That compared to the company's previous forecasts for no growth and high single-digit growth, respectively.

As a result, the analysts raised their revenue estimates for 2022-24 by 5%, 6%, and 7%, respectively.

In turn, their target price for the shares was lifted from 815.0p to 860.0p, implying a calendar year 2022 price-to-earnings multiple target of 30.

Liberum also reiterated the shares as their 'top pick' amongst online platforms.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AUTO Market Data

Currency UK Pounds
Share Price 542.20p
Change Today -12.80p
% Change -2.31 %
52 Week High 741.80
52 Week Low 499.50
Volume 1,666,964
Shares Issued 943.19m
Market Cap £5,114m
RiskGrade 131

AUTO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.46% below the market average95.46% below the market average95.46% below the market average95.46% below the market average95.46% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
18.22% below the market average18.22% below the market average18.22% below the market average18.22% below the market average18.22% below the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Income
71.2% below the market average71.2% below the market average71.2% below the market average71.2% below the market average71.2% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
76.75% above the market average76.75% above the market average76.75% above the market average76.75% above the market average76.75% above the market average
48.00% above the sector average48.00% above the sector average48.00% above the sector average48.00% above the sector average48.00% above the sector average

What The Brokers Say

Strong Buy 9
Buy 1
Neutral 12
Sell 0
Strong Sell 1
Total 23
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AUTO Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Aug-22 06-Jan-22
Paid 23-Sep-22 28-Jan-22
Amount 5.50p 2.70p

Trades for 01-Jul-2022

Time Volume / Share Price
17:21 3,541 @ 542.75p
16:45 1,542 @ 539.60p
16:45 1,542 @ 539.60p
16:45 12,670 @ 539.60p
16:45 12,670 @ 539.60p

AUTO Key Personnel

Chair Edmund Williams
CEO Nathan Coe
COO Catherine Faiers
CFO Jamie Warner

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