Auto Trader : Strong momentum in terms of core activity and brisk ARPR growth
>2023-24 earnings above forecasts - Auto Trader yesterday reported its results for the financial year to end-March 2024, followed by a conference call. Earnings were above our forecasts with EBIT at £ 348.7m, whereas we had forecast £ 330m. The main difference to our forecasts came from core activity, namely Auto Trader’s historic scope, for which EBIT was up 14%, above our forecast under the effect of brisk momentum in ARPR (+12%). However, the loss at the Autorama l...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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