Auto Trader’s interim results show a solid performance on nearly all its financial and operating metrics. The underlying UK used car market is robust, with the number of retailers using the platform at record levels, and the Group continues to find ways of increasing average revenue per retailer (ARPR), which increased by 6.3% in the first half. Based on guidance in the outlook statement relating to retailer stock volume on the platform, Zeus lower FY25 revenue estimates by 1.5%. We also increas ....
08 Nov 2024
Auto Trader Group (AUTO LN) - Steady progress at interim results - HOLD
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Auto Trader Group (AUTO LN) - Steady progress at interim results - HOLD
Auto Trader Group PLC (AUTO:LON) | 838 -6.7 (-0.1%) | Mkt Cap: 7,471m
- Published:
08 Nov 2024 -
Author:
Carl Smith, CFA -
Pages:
8
Auto Trader’s interim results show a solid performance on nearly all its financial and operating metrics. The underlying UK used car market is robust, with the number of retailers using the platform at record levels, and the Group continues to find ways of increasing average revenue per retailer (ARPR), which increased by 6.3% in the first half. Based on guidance in the outlook statement relating to retailer stock volume on the platform, Zeus lower FY25 revenue estimates by 1.5%. We also increas ....