Auto Trader : FY 2022-23 results in line and robust growth of ARPA forecast for FY 2023-24
>Neutral recommendation maintained - Auto Trader yesterday reported its results for the financial year to end-March 2023, followed by a conference call. FY 2022-23 results were in line with our expectations, with EBIT of £ 277.6m whereas we had been looking for £ 278m. During the conference call, management indicated that the used car market remains resilient and that it expects a slight acceleration in the frequency of new car transactions. This publication illustra...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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