By Zak Mir | Tuesday 18 August 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Well, I am sorry to break the news to whoever floated Auto Trader (AUTO), but you floated the shares too cheap. This is certainly the message as far as the initial 2015 share price action for the stock since March, even though the online used car market place saw a £2.35bn valuation raising well over £1bn earlier this year.
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