Auto Trader : The favourable momentum reported in 2024 should continue in 2025
>Target price of 850p – Neutral rating reiterated - Here we provide an update on our expectations for Auto Trader’s results after the solid rebound in the second-hand vehicle market over recent months. The group is due to publish H1 2024-25 results in November. As a reminder, the group releases its results with a delay, with a financial year ending on 31 March. Overall we anticipate favourable commercial momentum and primarily due to the second-hand market. Transacti...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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