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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Auto Trader

August 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AUTO
  • Price:
  • 596p
Despite the well publicised constraints on new and used vehicle supply, Auto Trader, whose online marketplace matches buyers to sellers, put out decent finals with revenues rising 9% to £500m and EBITDA increasing 7% to £328m. Eps increased by 6% to 27.1p. Net debt was £43m (FY’22) versus net cash (£51m) reflecting the Autorama deal. Average revenue per retailer increased 10% to £2,437, split by price (+£90) and  product (+137) demonstrating good pricing power and a strong adoption of additional products and services. However, the £11.2m loss from online leasing business Autorama meant that group operating margin fell 14.7% to 55.5%. Nevertheless, Zeus expects Autorama to make a significant contribution in future years. The busine ...

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Auto Trader - This July ‘15 idea has gained 150% (January 2024)
Auto Trader - £200m acquisition of online car leasing marketplace (July 2022)
Auto Trader - Shares soar over £7 (January 2022)
Auto Trader (August 2021)
Auto Trader (February 2021)
Auto Trader (August 2020)
Auto Trader - Dominating the online used car market-place (June 2020)
Auto Trader - New share issue provides firepower to burn rivals (May 2020)
Auto Trader - Trading ahead of expectations (December 2019)
Auto Trader (August 2019)
Auto Trader (January 2019)
Auto Trader (August 2018)
Auto Trader (January 2018)
Auto Trader (August 2017)
Auto Trader - Operating margins soar 6% (February 2017)
Auto Trader - Massive fall in net debt (August 2016)
Auto Trader - Price target raised to 439p (April 2016)
Auto Trader - Shares hit new high (January 2016)
Auto Trader - Maiden results lead to upgrades (August 2015)
Auto Trader - Largest online market for second hand cars growing rapidly (July 2015)
Auto Trader - Largest online market place for cars enjoys strong debut (June 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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