Auto Trader Announces Share Transfer to Nathan Coe

The latest announcement is out from Auto Trader ( (GB:AUTO) ).

Auto Trader Group plc announced a transaction involving the transfer of 2,083,252 ordinary shares from First Island Trustees to Nathan Coe, a person discharging managerial responsibilities. This transfer does not affect the total number of shares held by Nathan Coe, which remains at 3,322,270 shares, representing approximately 0.379% of the company’s total issued shares. The transaction was conducted outside of a trading venue and complies with the EU Market Abuse Regulation.

The most recent analyst rating on (GB:AUTO) stock is a Sell with a £6.88 price target. To see the full list of analyst forecasts on Auto Trader stock, see the GB:AUTO Stock Forecast page.

Spark’s Take on GB:AUTO Stock

According to Spark, TipRanks’ AI Analyst, GB:AUTO is a Outperform.

Auto Trader demonstrates strong financial performance, with robust growth and profitability. Strategic share buybacks further enhance shareholder value. However, technical indicators suggest caution due to potential overvaluation, and the high P/E ratio reflects pricing concerns. Despite these challenges, the company’s strategic initiatives and solid financial health provide a stable foundation for long-term growth.

To see Spark’s full report on GB:AUTO stock, click here.

More about Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform, listed on the London Stock Exchange and a member of the FTSE 100 Index. The company focuses on improving the efficiency of car buying and selling in the UK, promoting environmentally friendly vehicle choices, and enhancing the online car buying journey. Auto Trader’s platform is built on industry-leading technology and data, and it publishes a monthly used car Retail Price Index utilized by the Bank of England.

Average Trading Volume: 3,467,927

Technical Sentiment Signal: Buy

Current Market Cap: £6.96B

For a thorough assessment of AUTO stock, go to TipRanks’ Stock Analysis page.