Posts Tagged "Autotrader"

Revenue increased by 10 per cent to £281.6m in the 2016 financial year, up from £255.9m in 2015. Operating profit increased by 27 per cent to £169.6m, from £133.1m, and earnings per share grew to 12.67p per share, up from 0.85p per share.This is the first set of full-year results the company has reported since listing on the London Stock Exchange in March last year. The company got off to a good start when it floated, with shares up 13 per cent on the first day of trading – and the stock has continued to perform well since, hitting an all time high in November when the group announced its first dividend.

The UK’s biggest website for second-hand car sales had set the price for its initial public offering at 235p-per-share, giving it a market value of £2.35bn

Following a successful City roadshow, led by chief executive Trevor Mather, books were closed early yesterday on the £2billion-plus flotation of Auto Trader, which operates Britain’s leading website for buying and selling new and used cars

The flotation, which would probably propel Auto Trader into the FTSE 250 index, would value the company at 14-18 times its last reported earnings before interest, taxation, depreciation and amortisation.

Private equity owners Apax snub a takeover approach from Hellman & Friedman to pursue a stock market listing of the UK’s biggest online marketplace for new and used cars

Guardian Media Group, the publisher of the Guardian, has sold its stake in Trader Media Group to Apax Partners for around £600m to bankroll its loss-making newspapers and website

Private equity firm Apax is in talks with Guardian Media Group (GMG) about potentially buying the newspaper group’s stake in Trader Media Group, the publisher of Auto Trader, in a deal that could raise up to £600m