JPMorgan Chase & Co. Cuts Auto Trader Group (LON:AUTO) Price Target to GBX 440

Auto Trader Group (LON:AUTO) had its price objective lowered by research analysts at JPMorgan Chase & Co. from GBX 445 to GBX 440 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 16.70% from the company’s previous close.

AUTO has been the subject of a number of other research reports. Citigroup reduced their price objective on Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada dropped their target price on Auto Trader Group from GBX 830 to GBX 535 and set a “sector perform” rating on the stock in a research report on Friday, July 17th. UBS Group reiterated a “sell” rating and issued a GBX 470 target price on shares of Auto Trader Group in a research note on Monday, May 18th. Finally, Berenberg Bank reduced their price target on shares of Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating for the company in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of GBX 549.50.

Auto Trader Group Stock Down 1.3%

Shares of LON:AUTO opened at GBX 528.20 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 50.60. The company has a fifty day simple moving average of GBX 487.93 and a 200 day simple moving average of GBX 492.08. The firm has a market cap of £4.16 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 3.99 and a beta of 0.69. Auto Trader Group has a 12-month low of GBX 418.60 and a 12-month high of GBX 844.40.

Auto Trader Group (LON:AUTO) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 34.17 earnings per share (EPS) for the quarter. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%.The firm had revenue of £624.30 million for the quarter. On average, equities research analysts anticipate that Auto Trader Group will post 32.7973074 EPS for the current fiscal year.

Insider Transactions at Auto Trader Group

In other news, insider Jamie Warner sold 32,481 shares of the business’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 497, for a total transaction of £161,430.57. Also, insider Jasvinder Gakhal acquired 5,554 shares of Auto Trader Group stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of GBX 448 per share, with a total value of £24,881.92. Insiders purchased 69,952 shares of company stock valued at $31,918,459 in the last quarter. 3.42% of the stock is owned by company insiders.

Auto Trader Group Company Profile

Autotrader Group plc is the UK’s largest automotive marketplace and a leading digital platform for the automotive industry. Listed on the London Stock Exchange since March 2015, the company is a member of the FTSE 100 Index.

Autotrader’s purpose is Driving Change Together. Responsibly. The company uses advanced data science, artificial intelligence and scalable technology to improve how vehicles are bought and sold, while building stronger partnerships with its customers and the wider automotive ecosystem.