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 fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Analyst Ratings Changes

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

Auto Trader Group Price Performance

The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 50.60. The firm’s 50-day moving average is GBX 481.02 and its 200-day moving average is GBX 526.66. 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.

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

Insider Activity at Auto Trader Group

In other news, insider Nathan Coe bought 11,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of GBX 448 per share, for a total transaction of £49,280. Also, insider Megan Quinn bought 10,900 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 462 per share, with a total value of £50,358. Insiders have bought 64,850 shares of company stock valued at $29,418,479 over the last three months. Corporate insiders own 3.31% of the company’s stock.

About Auto Trader Group

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.