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Highlights
- Auto Trader Group PLC (LSE:AUTO) is one of the largest automotive marketplace in the United Kingdom.
- In FY23, the company achieved revenue growth of about 16% to GBP 500.2 million against GBP 432.7 million in FY22.
- The Group has posted EBITDA margin of 57.7% versus the industry median of 50.4%.
FTSE 100 index-listed Auto Trader Group PLC (LSE:AUTO) is one of the UK’s largest automotive marketplace. The company is engaged in the business of buying and selling new and used vehicles. The company also operates similar businesses in Ireland through its website car zone.ie. The company caters to various types of customers, including Trade, Consumer services, etc.
In FY23, the company achieved a revenue growth of about 16% to GBP 500.2 million against GBP 432.7 million in FY22. This can be attributed to the additional revenue of GBP 27.2 million from the Autorama segment during FY23. Also, the company registered an uptick of 7% in the Adjusted EBITDA to GBP 328.0 million during FY23 as compared to GBP 207.9 million in previous corresponding period.
The Group posted EBITDA margin of 57.7% versus the industry median of 50.4%. Its Operating Margin rose to 59.3% during the year as compared to the industry median of 42.5%, while the net margin was recorded at 46.8% in FY23 as compared to the industry median of 17.9%.
Outlook for the year ahead
Auto Trader is anticipating an improved revenue growth this year, primarily because of the rise in the Average Revenue Per Retailer (ARPR). Also, the company believes its operating profit margins to remain consistent year-on-year (YoY) at 70%, while there could be a little more upside in the group margins.
Stock Price Performance
The stock has witnessed a growth of ~0.03% in the last one month and over the last 6 months, it has increased by ~19.31%. The stock has a 52-week low and 52-week high of GBX 479.80 & GBX 681.00, respectively.
Data Source: EODHD/Others, Analysis done by Kalkine Group
Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 16 June 2023. The reference data in this report has been partly sourced from EODHD/Others.
