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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Auto Trader - Massive fall in net debt

August 2016

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:
  • 329p
Auto Trader, the UK’s largest online automotive marketplace, announced strong full year results with revenues and pretax profit increasing 10% and 27% to £282m and £170m, respectively. Adjusted eps was 12.9p. With cash flow rising a massive 33% to £177m net debt fell by £135m to £393m, reducing net debt / EBITDA from 3.4x to just 2.2x.In terms of divisional breakdown Trade, which generates revenues through subscriptions from car retailers, increased sales 10% to £236m, driven by a 10.5% rise in average revenue per retailer forecourt to £1,384 (2015: £1,252).Market share gains were phenomenal: consumers spent over 676 million minutes a month on its site up fro ...

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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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