Insider Selling: Auto Trader Group plc (LON:AUTO) Insider Sells 2,083,252 Shares of Stock

Auto Trader Group plc (LON:AUTO) insider Nathan Coe sold 2,083,252 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of GBX 386 ($5.00), for a total transaction of £8,041,352.72 ($10,408,170.75).

Auto Trader Group Trading Up 0.4 %

LON:AUTO opened at GBX 745.20 ($9.65) on Friday. Auto Trader Group plc has a one year low of GBX 666 ($8.62) and a one year high of GBX 899 ($11.64). The business has a fifty day moving average price of GBX 772.85 and a 200-day moving average price of GBX 813.35. The firm has a market capitalization of £6.58 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50.

Auto Trader Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd were given a GBX 3.50 ($0.05) dividend. This represents a yield of 0.41%. The ex-dividend date was Thursday, January 2nd. Auto Trader Group’s payout ratio is 35.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup increased their price objective on Auto Trader Group from GBX 881 ($11.40) to GBX 946 ($12.24) and gave the company a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 746 ($9.66) price target on shares of Auto Trader Group in a research report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 864.25 ($11.19).

About Auto Trader Group

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.