Auto Trader shares hit all time high: What is driving the FTSE 100 leader? Tech Auto Trader has outperformed City growth targets in the past year.
Auto Trader share price soars after profit and revenue jump Business Despite the strong performance, the company noted that there were significant differences in demand for new and used cars.
Auto Trader shares drive to top FTSE 100 after bullish results Automotive Auto Trader shares soared nearly eight per cent this morning to top the FTSE-100 index amid record demand for firms' services.
Auto Trader’s revenue jumps as booming market place gets double-digit boost November 10, 2022 Auto Trader’s group revenue has jumped 16 per cent as a result of a double-digit growth in its marketplace business. In the six months ended 30 September, the car retailer posted a £249.8m revenue, up from last year’s £215.4m. While Auto Trader’s marketplace posted an 11 per cent increase in revenue, going up to £238.2m. [...]
Used car prices remain strong but demand gradually slows down June 8, 2022 Used car prices have remained strong even though demand for second-hand vehicles is gradually slowing down. According to data from Auto Trader’s Retail Price Index, the average price of a used vehicle has grown 28.4 per cent over the last year, marking the 26th consecutive month of growth. But despite the increase, demand is gradually [...]
Sales drive AutoTrader to hefty profit amid pandemic rebound May 26, 2022 Revenues at AutoTrader have spiked 65 per cent this year to £432.7m, powered by a 72 per cent uplift in sales to £388.3m.
Auto Trader snaps up leasing marketplace Autorama for £200m March 22, 2022 Auto Trader announced today it has snapped up Autorama, one of the UK’s largest digital leasing platforms, for £200m. Auto Trader will pay an initial £150m in cash, while an additional £50m will be paid in shares a year after, but vesting over the following two. Subjected to regulatory clearance, the deal will be completed [...]
Auto Trader reports highest-ever sales as digital efforts pay off November 11, 2021 Car marketplace Auto Trader has reported its highest-ever six months of sales and profits, as demand for cars from its platform surged to record levels and the company’s focus on its digital offering in the pandemic paid off. Revenue jumped 82 per cent to £215.4m , up from £118.2m a year earlier. This was up [...]
Exclusive: ‘Petrol anxiety’ fuels interest in electric cars, says Auto Trader exec September 29, 2021 Since panic buying of fuel started at the end of last week, there has been a significant increase in interest in electric vehicles. Searches for used EVs increased by over 60 per cent versus the previous weekend, according to Auto Trader, by far the UK’s largest automotive marketplace. “The events of the past few days [...]
Auto Trader doubles down on digital offering amid pandemic blow June 10, 2021 Car buyers using Auto Trader’s platform has hit record levels, the group said this morning, as it bolstered its online offering after the pandemic pushed the pedal on the digital sphere. Despite doubling down on its digital presence, the group was still knocked by the pandemic as its revenue sank 29 per cent to £262.8m [...]