Auto Trader Group PLC (OTCPK:ATDRY)
$ 2.7805 0.0305 (1.11%) Market Cap: 9.94 Bil Enterprise Value: 9.96 Bil PE Ratio: 30.04 PB Ratio: 13.79 GF Score: 99/100
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Half Year 2024 Auto Trader Group PLC Earnings Call Transcript

Nov 09, 2023 / 09:30AM GMT
Release Date Price: $2.05 (+7.33%)
Nathan James Coe
Auto Trader Group plc - CEO & Executive Director

Good morning, everyone, and welcome to Auto Trader's results for the 6 months ending 30th of September 2023. As usual, I'm joined by our COO, Catherine; and our CFO, Jamie.

Our performance in the first half demonstrates the strength of our business through different economic cycles, the strong partnership we have developed with our customers and a resilient used car market. Vehicle demand remains robust, and supply will continue to be impacted by low new car sales over the past few years.

We've also made good progress on our key strategic initiatives across our marketplace, platform and digital retailing, providing a long runway for future profitable growth. For this reason, we have confidence in both the second half of the financial year and the years to come, particularly as many of the structural changes in the automotive industry, be that electric vehicles, agency models or direct sales, all present opportunities to extend our brand, technology, data and buying experience to help new and existing customers and

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