Auto Trader : H1 2023-24 results in line with our expectations
>H1 2023-24 earnings lifted by the rise in the ARPR - Auto Trader this morning reports H1 2023-24 results in line with our expectations. EBIT came to £ 164.6m whereas we looked for £ 164.5m. Momentum remained good at the level of Auto Trader (core) for which the margin came to 71% in line with our expectations. Autorama posted a loss of £ 5.6m as expected. The main difference with our expectations in this publication stems from the ARPR which was higher than we expect...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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