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

Auto Trader Group plc (LON:AUTO) insider Nathan Coe sold 2,083,252 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of GBX 386 ($5.00), for a total transaction 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 one year low of GBX 666 ($8.62) and a one year high of GBX 899 ($11.64). The firm has a market cap of £6.58 billion, a PE ratio of 26.41, a P/E/G ratio of 3.99 and a beta of 0.78. The firm’s fifty day moving average is GBX 772.85 and its two-hundred day moving average is GBX 812.96. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66.

Auto Trader Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AUTO. Citigroup upped their price objective on shares of Auto Trader Group from GBX 881 ($11.40) to GBX 946 ($12.24) and gave the company a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 746 ($9.66) target price on shares of Auto Trader Group in a research report on Thursday, March 20th. 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 864.25 ($11.19).

About Auto Trader Group

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.