Auto Trader Group (LON:AUTO) Stock Passes Below 50-Day Moving Average – Time to Sell?

Auto Trader Group plc (LON:AUTO)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 481.02 and traded as low as GBX 450. Auto Trader Group shares last traded at GBX 459.18, with a volume of 8,521,873 shares changing hands.

Analyst Ratings Changes

AUTO has been the topic of several research reports. Berenberg Bank lowered their price objective on shares of Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Citigroup lowered their price objective on shares of Auto Trader Group from GBX 880 to GBX 526 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating on the stock in a research report on Friday, March 27th. JPMorgan Chase & Co. lowered their price objective on shares of Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating on the stock in a research report on Friday, May 22nd. Finally, UBS Group restated a “sell” rating and set a GBX 470 price objective on shares of Auto Trader Group in a research report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of GBX 553.40.

Auto Trader Group Stock Performance

The company has a market cap of £3.82 billion, a PE ratio of 13.72, a PEG ratio of 3.99 and a beta of 0.69. The business’s 50-day moving average is GBX 481.02 and its 200 day moving average is GBX 526.66. The company has a debt-to-equity ratio of 50.60, a quick ratio of 1.50 and a current ratio of 1.73.

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

Insider Buying and Selling

In other Auto Trader Group news, insider Adam Jay bought 10,846 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of GBX 459 per share, for a total transaction of £49,783.14. Also, insider Jasvinder Gakhal bought 5,554 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of GBX 448 per share, for a total transaction of £24,881.92. Insiders have bought 64,850 shares of company stock worth $29,418,479 over the last 90 days. Insiders own 3.31% of the company’s stock.

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.