From £7.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £7.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Why I am happy to keep on avoiding Auto Trader shares

By Chris Bailey | Thursday 1 June 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Just over a year ago, I concluded that I was fundamentally unexcited about both Auto Trader (AUTO) and Rightmove (RMV). Whilst I was correct about the latter, the former is actually up about 5% over the last year (and pays a small dividend too). I must admit that I am a bit confused by that, as today’s full year to the end of March numbers may have shown a 16% rise in revenue, but they also showed a 9% fall in profit.

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Monday »

ICON

Iconic Labs, the world has gone mad!

 

TERN

My Tern for a victory lap

Thursday »

HAYD

Haydale – US disaster……Oh Dear!

Wednesday »

Gold

As Gold Battles $3,300, What For The Miners?

Time left: 04:14:03