Price target raised Peel Hunt now likes AUTO and says keep adding…target price £5.1
AUTO /Cox Automotive triple platform merger proposed ….Dealer Auction…if all is approved will be such a dominant player .a good run up to £4.5 .just no reason to sell/plenty of reason to hold .such a unique business
AUTO copes well adverse trading conditions has made me a bit nervous for sure but no worries with my in vestment here /a business with a bright outlook /I wouldn't sell this out for under a fiver t
zoopla big cash bid for zoopla highlights AUTO's potential value .the core business model is very similar
at 370p presentation contain profit warning! the presentation is well worth a read and despite it 'not containing new inforamtion'in my mind it was effectively a profit warningit stated that volumes in used cars were down 1-2%and that 2018 was facing 'headwinds'i dont think when that is announced in June it will impress the market when they on a premium ratingthings i noted....1 - they make a lot of opportunity to help sell new cars.... i'd agree but this is a 10 years project2 - they say that used cars volume reducing and that they face headwins in next 2 years... hmm that's not good (unless you are shorting)3 - they say motor traders not trusted!!! yikes - they are the most trustsed but in an industry that is not trsusted... (almost like PURP!!)4 - they are big on data... which is good but it then takes them 110 slides to describe their business - are they good at summarising data???5 - to achieve the move into new cars they will need to invest in IT and brand etc.. so in the shrot term these are costs.....if the growth new car story is belvieed then maybe they should be on a higher rating....but i dont think their profits will be achieved as current market forecasts have them...but this is an industry facing headwinds and we know UK consumer finding things tough so i dont see it as mega growth and thus still think there is decent chance of 20% fall and maybe more....the price is now back below a falling 200d which is a very negative chart patternAll IMHO, DYOR + BoLAUTO is in my portfolio (SHORT)
jeffries says... AUTO is a buy but slashes the price target from £5.3 to £3.6 .another sector going to find the going getting harder methinks!
berenberg gives AUTO a good kicking downgrades to sell with a price target £3.5....hence the weakness today
deutche upgrades to... ....buy and gives a price target pf £4.35
credit suisse turns bearish great business though AUTO is credit suisse targets £3.6 for various reasons(basically too much blue sky in the valuation) .personally a unique business model like AUTO is worth paying for so i'm holding
NEW ARTICLE: European shares are cheap: Time to get greedy? "Investors retreated from European stocks throughout 2016, with market sentiment close to its lowest level since the 2011-2012 sovereign debt crisis. Then, as now, political and macroeconomic uncertainty is the primary source of anxiety.Amid ..."[link]
Share buy back Are we nearing the end of the Share Buy Back Program, by my reckoning it must be close.
Final Results Zeus Capital note out this morning on Research Tree: "Final results from Auto Trader contain few surprises and were marginally ahead of our forecasts on most measures. Cash conversion was better, net debt was lower, which will result in a rolling share buyback programme as anticipated. Ahead of the analyst meeting, we do not anticipate significant changes to our forecasts. Our view on the stock has not changed, and we continue to view BCA Marketplace as a better alternative to play the sector with genuine structural growth opportunities on a pan European basis."
Zeus Capital note out this morning on Research Tree: "Final results from Auto Trader contain few surprises and were marginally ahead of our forecasts on most measures. Cash conversion was better, net debt was lower, which will result in a rolling share buyback programme as anticipated. Ahead of the analyst meeting, we do not anticipate significant changes to our forecasts. Our view on the stock has not changed, and we continue to view BCA Marketplace as a better alternative to play the sector with genuine structural growth opportunities on a pan European basis."
NEW ARTICLE: Auto Trader motors after profits beat "It's been nearly 12 months since LSE:AUTO:Auto Trader sped onto the stockmarket at 235p, and what a year it's been. While many investors nurse their losses, the car-buying website has surged by over half - it had nearly doubled at one stage last ..."[link]
Re: Today's trades About 60% buys to 40% sales but any idea why the price drop today?