Auto Trader Group (AUTO)

Sector:

Retailers

Index:

FTSE 100

547.20p
   
  • Change Today:
    -2.80p
  • 52 Week High: 741.80
  • 52 Week Low: 499.50
  • Currency: UK Pounds
  • Shares Issued: 943.12m
  • Volume: 464,840
  • Market Cap: 5,161m
  • RiskGrade: 131

Auto Trader acquires leasing marketplace Autorama

By Iain Gilbert

Date: Tuesday 22 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Automotive classified advertising business Auto Trader has agreed to acquire vehicle leasing marketplace operator Autorama in a deal worth up to as much as £200.0m.

Auto Trader said on Tuesday that the acquisition of Autorama will transform its existing leasing proposition and help meet the demands of a growing number of consumers considering leasing their next new vehicle.

The FTSE 100-listed firm stated there was "a large structural opportunity" for a new car leasing marketplace driven by the growth of electric cars, new manufacturers entering the UK market, lower take-up of company car schemes, and a shift towards new digital distribution models.

Auto Trader will make an initial payment of £150.0m in cash, with a further £50.0m of deferred consideration to be settled in shares, subject to customary performance conditions 12 months after the completion date.

On 31 December, Autorama had £27.0m of gross assets and for the calendar year 2021, reported net revenues of £26.0m after selling roughly 14,500 vehicles and delivered an underlying loss of £6.0m, principally driven by marketing costs of over £9.0m.

As of 0845 GMT, Auto Trader shares were down 0.51% at 672.98p.

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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 547.20p
Change Today -2.80p
% Change -0.51 %
52 Week High 741.80
52 Week Low 499.50
Volume 464,840
Shares Issued 943.12m
Market Cap 5,161m
RiskGrade 131

AUTO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.03% below the market average95.03% below the market average95.03% below the market average95.03% below the market average95.03% 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
17.92% below the market average17.92% below the market average17.92% below the market average17.92% below the market average17.92% below the market average
37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average
Income
71.07% below the market average71.07% below the market average71.07% below the market average71.07% below the market average71.07% 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
78.14% above the market average78.14% above the market average78.14% above the market average78.14% above the market average78.14% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% 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 27-Jun-2022

Time Volume / Share Price
11:41 98 @ 547.20p
11:40 301 @ 546.80p
11:40 306 @ 546.80p
11:39 2 @ 546.60p
11:39 1,400 @ 546.60p

AUTO Key Personnel

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

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