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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Auto Trader

August 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AUTO
  • Price:
  • 596p
Despite the well publicised constraints on new and used vehicle supply, Auto Trader, whose online marketplace matches buyers to sellers, put out decent finals with revenues rising 9% to £500m and EBITDA increasing 7% to £328m. Eps increased by 6% to 27.1p. Net debt was £43m (FY’22) versus net cash (£51m) reflecting the Autorama deal. Average revenue per retailer increased 10% to £2,437, split by price (+£90) and  product (+137) demonstrating good pricing power and a strong adoption of additional products and services. However, the £11.2m loss from online leasing business Autorama meant that group operating margin fell 14.7% to 55.5%. Nevertheless, Zeus expects Autorama to make a significant contribution in future years. The busine ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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