Auto Trader's record high stock prices driven by demand for used cars

From Investing.com: 2024-05-30 06:23:48

Shares in Auto Trader hit a new high as demand for used cars boosted annual results. The stock rose 12.46% to 821.60 pence, the largest one-day increase in over two years. Despite a challenging new car market, the company reported a 26% surge in operating profit and 14% rise in revenue. Analysts remain confident in long-term growth.



Read more at Investing.com: Auto Trader shares touch record high as used car demand fuels full-year results By Investing.com