Auto Trader Group (OTCMKTS:ATDRY – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 4,940 shares, a decrease of 93.6% from the June 30th total of 77,483 shares. Based on an average trading volume of 726,535 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Barclays lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group started coverage on Auto Trader Group in a report on Thursday, June 4th. They issued a “buy” rating on the stock. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Auto Trader Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Research Report on Auto Trader Group
Auto Trader Group Stock Performance
Auto Trader Group Company Profile
Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.
In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.
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