Auto Trader Group (AUTO)

Sector:

Retailers

Index:

FTSE 100

546.60p
   
  • Change Today:
    -3.40p
  • 52 Week High: 741.80
  • 52 Week Low: 499.50
  • Currency: UK Pounds
  • Shares Issued: 943.12m
  • Volume: 596,629
  • Market Cap: £5,155m
  • RiskGrade: 131

Deutsche Bank lowers target price on Auto Trader

By Iain Gilbert

Date: Thursday 19 May 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Deutsche Bank lowered their target price on automotive classified advertising business Auto Trader from 800.0p to 720.0p on Thursday ahead of the group's full-year results on 26 May.
Deutsche Bank expects "a strong end to a transformative year" from Auto Trader, which it noted started 2022 "strongly", with better than expected full-year guidance that was again upgraded with its interim results.

The German bank, which reiterated its 'buy' rating on the stock, highlighted that this was when consumer engagement and customer numbers reached record levels, while product uptake "positively surprised" despite car supply challenges.

"We think the monetisation of new performance products continued driving strong ARPR growth in the second half of the year, and expect to hear more about Auto Trader's progress in monetising more of the online car buying journey," said the analysts.

However, DB stated that after it had run scenarios on Auto Trader's recent acquisition of Autorama, it saw fit to hit the stock with a 10% lower target price that it said offers around 30% upside.



Reporting by Iain Gilbert at Sharecast.com

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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 546.60p
Change Today -3.40p
% Change -0.62 %
52 Week High 741.80
52 Week Low 499.50
Volume 596,629
Shares Issued 943.12m
Market Cap £5,155m
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
13:25 715 @ 546.20p
13:23 1,047 @ 546.40p
13:23 194 @ 546.60p
13:23 80 @ 546.60p
13:23 408 @ 546.60p

AUTO Key Personnel

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

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