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

Auto Trader Group plc (LON:AUTO)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 480.72 and traded as high as GBX 507. Auto Trader Group shares last traded at GBX 499.70, with a volume of 1,896,673 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AUTO shares. JPMorgan Chase & Co. decreased their target price on Auto Trader Group from GBX 515 to GBX 445 and set an “underweight” rating for the company in a research report on Friday, May 22nd. Citigroup dropped their price target on 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. Berenberg Bank cut their price target on Auto Trader Group from GBX 580 to GBX 510 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on Auto Trader Group from GBX 850 to GBX 816 and set a “buy” rating for the company in a report on Friday, March 27th. Finally, UBS Group reaffirmed a “sell” rating and issued a GBX 470 price objective on shares of Auto Trader Group in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Auto Trader Group has a consensus rating of “Reduce” and a consensus target price of GBX 553.40.

Auto Trader Group Stock Performance

The business has a 50-day moving average price of GBX 480.72 and a 200-day moving average price of GBX 499.99. The firm has a market capitalization of £3.92 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 3.99 and a beta of 0.69. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 50.60.

Auto Trader Group (LON:AUTO) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 34.17 EPS for the quarter. The company had revenue of £624.30 million during the quarter. Auto Trader Group had a return on equity of 60.53% and a net margin of 47.08%. As a group, sell-side analysts forecast that Auto Trader Group plc will post 32.7973074 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Geeta Gopalan acquired 5,521 shares of the stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of GBX 453 per share, for a total transaction of £25,010.13. Also, insider Megan Quinn purchased 10,900 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of GBX 462 per share, for a total transaction of £50,358. Over the last three months, insiders bought 69,952 shares of company stock worth $31,918,459. Company insiders own 3.42% 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.