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 firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of GBX 386 ($5.00), for a total value 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 12-month low of GBX 666 ($8.62) and a 12-month high of GBX 899 ($11.64). The firm has a market cap of £6.58 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The stock has a fifty day moving average price of GBX 772.85 and a 200 day moving average price of GBX 812.96.

Auto Trader Group Cuts Dividend

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

Analyst Upgrades and Downgrades

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