UK's Auto Trader plunges on FY revenue miss

Autotrader

29/05/2025 08:58

** Shares of automotive platform Auto Trader AUTOA.L fall as much as 12.3% to over a one-month low of 789.2p

** Stock top loser in FTSE 100 .FTSE index, which is little changed

** AUTOA opened with a sharp gap down of 9.2%

** Co reports annual group revenue of 601.1 million pounds ($809.14 million), below analysts' consensus of 606.4 million pounds, as per a company poll

** Co expects growth to be stronger in H2 of FY2026, benefitting the start of FY2027

** A resilient used car market has become a headwind for AUTOA, a trend that will continue to weigh on its Average Revenue Per Retailer in the near term - Peel Hunt

** Up to Wednesday's close, stock has risen 13.5% so far this year

($1 = 0.7429 pounds)

(Reporting by Raechel Thankam Job)

((RaechelThankam.Job@thomsonreuters.com))