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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Auto Trader - £200m acquisition of online car leasing marketplace

July 2022

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:
  • 553p
Auto Trader, which owns the UK’s largest online marketplace (autotrader.co.uk) for used cars, was a main write-up in July 2015 at 296.5p and I top-sliced half my holding at 737p in January. While the shares have re-traced in line with the market, the company has released final results ahead of expectations with revenues up 65% to £433m and operating profit ahead 88% to £303m, beating Numis’ forecasts of £412m and £286m, respectively. Net cash increased from £15.7m to £51.3m. Aggressive market share gains from brand building via extra marketing during the pandemic alongside a lack of new vehicles coming to the market due to a chip shortage drove its momentum with a 5% increase in the number of car retailer forecourts advertising thr ...

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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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