Online car buying trend reaping rewards for Auto Trader
Digital car selling platform Auto Trader Group cashed in on the doubling of time buyers spend looking for their vehicle online with pre-tax profits rising 23% to £193.4m.
Year-end results to March 31 show the Manchester-based company turnover topped £311m, rising 9% (2016: £281.6m).
Meanwhile, net external debt fell to £355m from last year’s figure of £392.6m.
The company also returned £128.7m to shareholders through £102.1m of share buy-backs (26.3 million shares at an average price of 388p) plus dividends paid of Â... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
