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Auto Trad Share Discussion Threads
Showing 276 to 298 of 300 messages
|Cannacord reiterate BUY. up target to 456p from 395p|
|Just outside the top 100 ranking as is RMV. Such a dominant position in it's marketplace. Buy backs starting now - has done wonders for RMV. Premium rating deserved here - might add more. dyor
Auto Trader: An Excellent First Year
|mkt cap 4,180m .. could it be moving into ftse 100 any time soon??|
|Peel Hunt retains BUY and 445p target|
|Auto Trader: full speed ahead
Auto Trader shares have climbed more than 3 per cent this morning, after the largest UK used car sales website put its foot to the floor, driving up profits and sales amid decent consumer confidence and easy car credit conditions.
The group’s pre-tax profits leapt to from £10.9m last year to £155m in the year to March, thanks to rising revenues and a £107.6m fall in its own finance costs.
The company, whose shares have climbed 48 per cent since its IPO in March 2015, said its revenues rose 10 per cent to £281.6m.
It highlighted “consumer confidence and economic recovery” as a catalyst for its performance, but also said:
The availability of competitive and diverse finance options (often heavily incentivised) has made it easier than ever to secure bespoke and affordable funding arrangements for new or used cars.
|Results this Thursday. Price moving nicely ahead. dyor|
|Worth a read >> An open letter to Auto Trader: https://www.linkedin.com/pulse/open-letter-autotrader-jim-reid|
|Auto Trader Group plc, (LSE: AUTO), the UK's largest digital automotive marketplace, will be announcing its full year results for the year ended 27 March 2016 on the morning of Thursday 9 June 2016.|
|Peel Hunt upgrades to BUY and sets 445p target|
|Added more today. AUTO is a gorilla in it's sector. Run it for a few years imo|
|well, the share price has held up pretty well considering the massive placing.
Not sure if now is time to invest so I will leave it a few days to see how it holds.|
|Auto Trader raises full year profit guidance
"The internet has transformed the way we buy used cars. The days of having to trudge around forecourts, trying your best to avoid the sales man are becoming a thing of the past. Nowadays, most consumers buy a car from the first forecourt they visit, having already made their buying decision online.
Auto Trader owns the leading online auto marketplace in the UK and Ireland. The majority of revenues come from car retailers who pay to advertise cars on its site, in a similar way that estate agents pay to list their properties on sites like Rightmove.
The group benefits from a dominant market position, reinforced by a long established brand name (the print magazine was founded in 1977, with the business becoming 100% digital in 2013). The site attracts 43 million monthly cross platform visits, five times more than its nearest competitor. Over 80% of all time spent on automotive classified sites is spent on Auto Trader."
|JP Morgan upgrades to OVERWEIGHT. Increases target price to 420p from 335p.|
|Trevor Mather, chief executive of Auto Trader Group plc, said: “Auto Trader has delivered a strong first half performance, as retailers, consumers and manufacturers alike are increasingly recognising the value of our marketplace.
“We continue to grow our audience of car buyers and develop products to add value to our retailers, helping them remain competitive and make informed decisions based on real-time market data, allowing them to buy and sell the right stock at the right price.
“We believe there is substantial opportunity to grow the business based on the increasing importance of the internet for automotive advertising, and the growing use of data to improve the efficiency and effectiveness of the industry.”
Read more: hxxp://www.yorkshirepost.co.uk/news/autotrader-performs-well-over-past-four-months-1-7735704#ixzz40W5oklkX|
|To justify the valuation they need to keep outperforming, the premium being paid is massive for fairly underwhelming growth.
Based on fundamentals and a reasonable price for growth I don't see how these are worth much more than £2 a share.|
|I had been considering a purchase on the pullback but as pointed out above there is likely to be a lot more stock come to market in the very near future so I think I will just sit on my hands for the minute.|
|You missed this bit:
"The Board notes that lock up agreements entered into at the time of the Initial Public Offering (IPO) in March 2015 will come to an end on 18 March 2016."
Sell the spike. Looks like the selling shareholders in the IPO are about to place a load more shares into the market.
The Group has performed well during the last four months. The increase in Average Revenue per Retailer Forecourt (ARPR) has been stronger than anticipated, as has consumer services revenue. The number of retailer forecourts advertising on our marketplace remains broadly flat. Costs have been well managed and this combination has led to further margin increases. Furthermore, profits continue to be converted into cash at a high level, thereby facilitating the planned reduction in net debt.
Based on the Group's performance for the first ten months of the year, the Board currently anticipates full year Underlying operating profit(1) will be in the range of GBP169 million to GBP171 million, marginally ahead of current market expectations. The Board continues to be positive about the trading environment in which the Group operates.
Onwards and upwards imo.|
|Spirito, IMO Auto Trader was way overvalued at £4.00 and still is today. If I was a billionaire Dragon I sure wouldn't pay £3.5bn for a company that was making only £156m profit(EBITDA) a year. If I did then I might have to wait around 22 years just to break even.|
|Why the huge fall?|
|High rating catching up with it in these very tough markets, getting blasted at the moment, on paper it's massively overvalued imho however I've no idea where it will go from here (currently around the £3.63 mark), could bounce back to £4 or sink towards £3, all I know is I'm a value investor and I certainly wouldn't be buying this.|
|I think it needs to fall back below £3.50 before I dip my toe in.|
|Well, 470p is a 12 month target. Earnings are growing at over 100%; hence premium rating.|