Auto Trader Group PLC -7.5% potential downside indicated by JP Morgan

Auto Trader Group PLC with ticker (LON:AUTO) now has a potential downside of -7.5% according to JP Morgan.



JP Morgan set a target price of 555 GBX for the company, which when compared to the Auto Trader Group PLC share price of 600 GBX at opening today (17/08/2023) indicates a potential downside of -7.5%. Trading has ranged between 480 (52 week low) and 681 (52 week high) with an average of 1,906,857 shares exchanging hands daily. The market capitalisation at the time of writing is £5,561,503,928.

Auto Trader Group PLC operates a digital automotive marketplace. The Company’s segments include Auto Trader and Autorama. It is engaged in offering marketplace, digital retailing, and data as a platform. Its marketplace provides its buyers with a choice of both new and used vehicles. Through its Marketplace, the Company enables the online car buying experience and the onsite tools that consumers need to help them make decisions. Through its digital retailing, the Company helps in more of the car buying journey to be completed online, for both car buyers and its retailer customers. It offers selling of cars for cash through its Instant Offer product connected with Guaranteed Part-Exchange (GPX) product. These products enable consumers to get an accurate and guaranteed price for their existing vehicle. Under Data as a platform, it provides both data and insight capabilities to support various customers across various segments. Its data provides integration to suit the customers’ needs.