Peel Hunt shuffles ratings in media sector, Auto Trader and Euromoney dip on downgrades
The broker also slapped a downgrade on Moneysupermarket, while YouGov and Huntsworth were given better treatment and upgraded to 'buy' ratings
Company
Auto Trader Group PLC
LON:AUTO
We’ve always been good at connecting car sellers with the right buyers. But over the years, how we do this has altered beyond all recognition. That’s because consumer behaviours have changed. You might remember us as a magazine, but today we’re a digital business used by millions of people. As we’re the UK’s largest digital automotive marketplace, our data can help sellers really understand buyers. And that means we’re not just about classified ads — our services and support help automotive traders buy, sell, market and manage their stock successfully.
97 stories · page 4 of 5
Jefferies sees massive potential in new car listings for Auto Trader
Further down the line, analysts think the potential to add more new car listings represents a massive opportunity, but for the time being, they believe the stock is fairly valued
Investments and investor services
FTSE 100 finishes in red on China worries and as US benchmarks tumble
The UK blue-chip benchmark finished around 41 points lower at 6,692
Archive
Next to take lead on Thursday with post-Christmas trading update
The clothing retailer is the first of a deluge of updates from the sector expected over the next few weeks, with many forecasting a sharp downturn for the traditionally busy trading period
Archive
High street updates, US jobs, UK PMIs to provide focus after New Year holidays
There will be some key data from the US and UK at the start of the new year, and Christmas retail trading news will be a dominant focus notably from Next PLC
Caffyns sees flat half year revenues but used cars and aftersales boost profits
The firm reported an underlying pre-tax profit for the 6 months to 30 September of £1.2mln, up from £743,000 the year before, while revenues fell slightly to £105mln from £106.5mln
Auto Trader shares motor as it ups full year revenue guidance after strong first half
The firm said revenue growth for the full year was “likely to exceed previous guidance”, with Average Revenue Per Retailer forecourt to date outperforming expectations
Auto Trader upgraded to ‘buy’ by UBS, says recent sell-off “overdone”
Analysts said the risk from the recent purchase of Motors.co.uk by eBay had been “overplayed” and they continued to see upside
Barclays ups target price for Auto Trader but downgrades to ‘Equal Weight’ on lack of upside
Analysts said factors that could impact the company’s earnings forecasts had not gone away but were better understood following a “reassuring” set of results in June
UBS pumps the brakes on Auto Trader with downgrade to ‘neutral’ following strong share performance
The bank also lifted its target price for the firm to 445p from 425p, saying their +8% average revenue per retailer (ARPR) growth outlook for 2019 and 2020 “appears secure”
Greatland Gold jumps on upbeat rock chip results from Black Hills licence in Australia
A look at some of the biggest risers and fallers on the London market this Tuesday
Auto Trader partners with Cox Automotive to launch new wholesale vehicle marketplace
Cox and Auto Trader will transfer their retailer-to-retailer businesses to the new joint venture, which is to be called Dealer Auction
Berenberg upgrades Auto Trader to ‘hold’ as “expectations are more reasonable”
German bank Berenberg upgraded the FTSE 250-listed firm to ‘hold’ from ‘sell’ and increased its price target to 365p from 350p
Goldstone Resources surges after confirming high-grade gold at Akrokeri
A look at some of the biggest risers and fallers in London on Thursday
Auto Trader reports solid final results but predicts continued decline in car market
The FTSE 250 company, which specialises in advertising second-hand cars, reported that pre-tax profits had risen 10% to £210mln in its full-year results
FTSE 100 ends in the red as Brexit wrangling weighs on sentiment
The UK's premier share index closed down 7.97 points, or 0.10% at 7,704
Investments and investor services
CMC Markets, Auto Trader and MITIE all in focus ahead of Thursday results
One City broker expects CMC to reveal a 22% jump in pre-tax profit in its results tomorrow.
Archive
It's the scrag-end of the corporate reporting season, but an update from WH Smith could excite
Aside from a trading update from WH Smith, the Week Ahead will also bring full-year results from the likes of AO World, CMC Markets, Auto Trader, and MITIE Group
Logging on: Jefferies International assumes coverage of a number of UK internet comparison sites
The American investment bank has started coverage on Auto Trader Group, Moneysupermarket.com, Rightmove, and ZPG, the owner of Zoopla
Investments and investor services
Mitchells & Butlers expected to show a slowdown in sales
Capita is among the blue-chip names on Thursday's agenda.