Auto Trader : Excellent H1, driven by shift to second-hand sales
>Favourable trends but the valuation's still high - Auto Trader yesterday reported its H1 2021 results, followed by a conference call. Earnings beat our expectations (£ 215.4m vs £ 198m for revenues, £ 151.7m vs £ 134m for EBIT). The group has returned to and exceeded its pre-pandemic results, taking 2020 as the reference year. These are very encouraging numbers and illustrate a very positive trend for the automotive segment, supported by the ongoing shortage of new v...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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