Auto Trader : The rest of the year will be slightly more challenging than initially expected
>Neutral rating reiterated - Yesterday evening, Auto Trader published its H1 2024-25 results followed by a conference call. Earnings topped our expectations, with EBIT coming in at £ 188.4m vs our forecast of £ 170m but undershot the consensus estimate of £190m. We were more conservative on H1 earnings. We have revised down our full-year forecasts in the wake of this release, which has prompted us to lower our target price to 800p from 850p previously. All told, we re...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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