The online car marketplace accelerated 8% as the frontrunner in the FTSE 100 index, having impressed investors with a 10% hike in interim profits to £164.6 million.
It also highlighted confidence in the second half outturn amid the resilience of the used car market, supported by the continued availability of finance.
Auto Trader’s upturn of 49.2p took the shares to a fresh high for the year at 684.6p, having started 2023 nearer to 520p.
This story is from the November 09, 2023 edition of Evening Standard.
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This story is from the November 09, 2023 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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