Auto Trader : H1 2024/25 results beat expectations
>H1 2024/25 results come out higher than expected - Auto Trader released its H1 2024/25 results this morning, exceeding our expectations. EBIT reached £ 188.7m whereas we were looking for £ 170m, i.e. a 14% increase vs H1 2023/24. The momentum remains healthy for Auto Trader (the core business) and its margin came to 70%. Autorama posted a loss of £ 2.8m, which is a little better than expected. The main difference between our forecasts and the actual figures concerned...Auto Trader Group operates a digital automotive marketplace. Consumers can search from around 450,000 used cars and 6,000 new cars on the marketplace each month, using a standard make/model search or via discovery search if they aren't sure of the exact vehicle they want. In addition, Co. provides consumers services to help them make an informed decision about the car they are looking to buy, these include: vehicle check, finance, and insurance. Co. also provides free vehicle valuations providing both a private sale price as well as a part-exchange price. Furthermore, Co. provides retailers display advertising packages so they can promote their business as well as individual vehicles.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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