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

Auto Trader Group plc (LON:AUTO) insider Nathan Coe sold 2,083,252 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of GBX 386 ($5.00), for a total value of £8,041,352.72 ($10,410,865.77).

Auto Trader Group Trading Up 0.4 %

AUTO traded up GBX 3.20 ($0.04) during trading on Friday, reaching GBX 745.20 ($9.65). The company had a trading volume of 3,451,117 shares, compared to its average volume of 10,076,495. The firm’s 50-day simple moving average is GBX 773.82 and its 200 day simple moving average is GBX 814.27. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The company has a market cap of £6.58 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.99 and a beta of 0.78. Auto Trader Group plc has a 12-month low of GBX 666 ($8.62) and a 12-month high of GBX 899 ($11.64).

Auto Trader Group Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 746 ($9.66) price objective on shares of Auto Trader Group in a research report on Thursday, March 20th. Citigroup raised their target price on shares of Auto Trader Group from GBX 881 ($11.41) to GBX 946 ($12.25) and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 864.25 ($11.19).

Auto Trader Group Company Profile

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.