Trade AUTO TRADER GROUP PLC ORD 1P - AUTO CFD

About Auto Trader Group PLC

Auto Trader Group PLC is a United Kingdom-based company that offers a digital automotive marketplace. The Company’s platform offers consumers a selection of new and used car listings, enabling them to search from the marketplace. It also offers free car valuations and a variety of motoring services and advice to consumers. It offers a finance search tool, which allows consumers to search by monthly budget. The Company offers a range of products and services to its retailer customers. It offers data intelligence solutions, such as Retail Accelerator and Retail Check, enabling retailers to buy the right stock, at the right price. Its platform enables manufacturers to advertise to the car buying audience. The Company uses its data management platform (DMP) to develop targeted audience segments for advertising and give manufacturers a proposition to reach new car buyers.

Financial summary

BRIEF: For the six months ended 30 September 2021, Auto Trader Group PLC revenues increased 82% to £215.4M. Net income increased from £53.8M to £121.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Interest payable on borrowings decrease of 55% to £900K (expense), Share of profit from joint ventures increase of 55% to £1.7M (income).