Auto Trader : 2020-21 results slightly better than expected, confident guidance
>After a difficult H1, the recovery is showing through - Auto Trader's 2020-21 results (to end-March) came in slightly ahead of expectations, with EBIT of £ 161m, while we forecast £ 155.8m and the consensus £ 146.2m. The complete lifting (though there is still uncertainty here) of the restrictions related to the health crisis in the UK on 21 June should drive a catch-up in the second-hand vehicle market. As Auto Trader has managed to maintain its client base thanks t...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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