Auto Trader Group Plc Unsponsored ADR ( (ATDRY) ) has released its Q4 earnings. Here is a breakdown of the information Auto Trader Group Plc Unsponsored ADR presented to its investors.
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Auto Trader Group Plc, the UK’s largest automotive platform, provides a comprehensive marketplace for car buyers and sellers, leveraging technology and data to enhance the car buying and selling experience.
In its latest earnings report, Auto Trader Group Plc reported a 5% increase in group revenue, surpassing £600 million, with an 8% rise in operating profit and a 12% increase in basic earnings per share. The company also highlighted the successful launch of AI-enabled features and a strong competitive position in the automotive market.
Key financial metrics from the report include a 7% increase in core Auto Trader revenue and operating profit, despite a £10.2 million charge from the UK’s Digital Services Tax. Retailer revenue grew by 7%, with an increase in the number of retailer forecourts. The company also returned £275.7 million to shareholders through share buybacks and dividends. Additionally, the introduction of the Co-Driver suite of AI-enabled features and the Deal Builder product have shown significant engagement and adoption among retailers.
Looking ahead, Auto Trader Group Plc remains confident in its market position and growth prospects, expecting retailer revenue growth to improve in the coming financial year. The company aims to maintain its operating profit margins while continuing to innovate and enhance its product offerings to drive further engagement and monetization.