Auto Trader (GB:AUTO) has released an update.
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Auto Trader Group plc, the UK’s leading automotive platform, reported an 8% increase in group revenue and a 14% rise in operating profit for the first half of 2024, driven by strong demand for used cars and new product innovations like Deal Builder. Despite challenges in the new car market, Auto Trader’s competitive edge strengthened with a 7% growth in cross-platform visits, showcasing robust consumer engagement. The company returned £122.2 million to shareholders, reflecting its solid financial performance.
For further insights into GB:AUTO stock, check out TipRanks’ Stock Analysis page.
