Auto Trader Share Discussion Threads

[eastbourne1982] 17/2/2016 13:59

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.

[salpara111] 17/2/2016 13:31

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.

[sphere25] 17/2/2016 10:28

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.

£3? £3.20?

[aishah] 17/2/2016 08:58

Superb update:
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.

[timelord2000] 11/2/2016 21:18

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.

[spirito] 09/2/2016 08:07

Why the huge fall?

[eastbourne1982] 08/2/2016 12:27

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.

[pyglet] 06/1/2016 14:30

I think it needs to fall back below £3.50 before I dip my toe in.

[aishah] 06/1/2016 13:46

Well, 470p is a 12 month target. Earnings are growing at over 100%; hence premium rating.

[pyglet] 06/1/2016 13:45

AISHAH
My heart says this should reach 470 - but my brain says it will be later this year. A P/E of 61 is far too high in the current climate.

[pyglet] 05/1/2016 11:57

Has a very high P/E of 61!! RMV is only 21.

[aishah] 15/12/2015 13:04

From the article:

"Auto Trader has about half the UK online classifieds market, with PistonHeads next-best with a share of just 10 per cent, Jefferies estimated.

That dominance should be enough to deliver annual earnings growth of 105 per cent over the next few years, analyst David Reynolds forecast."

Deserves a premium rating imo.

[pyglet] 15/12/2015 11:35

Going to be well placed in the FTSE 100 come next quarters shuffle. Buy now before the Institutions do.

[aishah] 14/12/2015 08:41

Jefferies Reiterates BUY. Whopping upgrade to target price - 520p from 350p previously.

Another RMV in the making imo, dyor.

[aishah] 10/12/2015 14:10

AUTO in the reserve list for promotion to FTSE100:

FTSE UK Index Series Quarterly Review December 2015
© FTSE International Limited 2015. All Rights Reserved

FTSE 100 Index

Reserve List
SEDOL Company
0265274 Derwent London
BVYVFW2 Auto Trader Group
BMJ6DW5 Informa
BMHTPY2 Rexam
B2987V8 Rightmove
0822011 Smith (DS)

[aishah] 01/12/2015 21:23

It'll simply grow into any valuation attributed to it. Another RMV in the making. Bought RMV around £22, now £40+. What price here? Such a dominant position in it's market place. Dyor

[hybrasil] 01/12/2015 18:51

I enjoy cars and use the site about four times a week. But what an amazing share

[hybrasil] 30/11/2015 14:12

I bought in beginning of september up 14% for a share I plan to hold for 10 years

[aishah] 28/11/2015 12:24

MSCI GLOBAL STANDARD INDEXES
The following are changes in constituents for the MSCI Global Standard Indexes
which will take place as of the close of November 30, 2015.

MSCI UNITED KINGDOM INDEX
Additions
AUTO TRADER GROUP
PROVIDENT FINANCIAL

[juuunx2] 28/11/2015 09:28

Good post AisahNov 30th could provide even more positive momentum. £4 broken through now.

[hybrasil] 27/11/2015 16:11

Just about to go through the £4 barrier

[aishah] 24/11/2015 10:58

Shares Mag:

Results were ahead of expectations with revenue up to £138.2m and adjusted EBITDA of £88.6 giving a 64.1% margin.
Leverage falls from 3.4x to 2.7x net debt to EBITDA and a maiden divi is paid; in the words of broker Jefferies: 'what's not to like'.
JPMorgan highlights the group's inclusion in the MSCI Developed Markets index (from Nov 30th) as a near-term kicker for the stock.

[aishah] 22/11/2015 12:45

Telegraph Media Group, AutoTrader and Dax scoop top prizes at IPA Media Owner Awards

AutoTrader, Telegraph Media Group and Dax scooped some of the top prizes at tonight's (17 November) IPA Media Owner Awards (IPA MOA), which took place at London's Bloomsbury Ballroom.

Currently in its fourth year, IPA MOA is designed to showcase best practice in the levels of service that online media owners provide to agencies, with the aim of raising the digital standard in general.

AutoTrader took home the gong for Best Online Campaign for Mini's 'Great British Weekends'

hxxp://www.thedrum.com/news/2015/11/17/telegraph-media-group-autotrader-and-dax-scoop-top-prizes-ipa-media-owner-awards