Autotrader, the UK’s largest automotive marketplace, saw its share price slump by more than 8 per cent on the back of its full year results.
The company’s share price ended Thursday on 452.60p – a fall of 43.70p.
Analysts say the results were short of forecasts and set against continued pressure in the used car market.
FTSE 100-listed Autotrader Group saw its revenue rise 4 per cent to £624.3m (up from £601.1m in 2025) in the year ending March 31st, 2026.
Group operating profit also increased by 4 per cent from £376.8m to £392.7m over the same period.
FTSE 100-listed Autotrader Group saw its share price drop by 3 per cent in early trading following the announcement.
Nathan Coe, chief executive of Autotrader, said: “We continued to grow both revenue and profits this year, despite a challenging backdrop.
Stylish: Autotrader’s new HQ in Manchester’s Circle Square
“Our competitive position has strengthened, with six times more time spent on Autotrader than all our main competitors combined.
“We remain committed to using our brand, technology and proprietary data to benefit car buyers and retailers.
“AI will significantly enhance our ability to do this which has already been demonstrated through our retailer products, such as Co-Driver and Buying Signals, as well as our improved search functionality for car buyers both on our marketplace and within ChatGPT.
“Looking forward we are confident we will continue to power a better car buying experience and more profitable retailing for our customers.”
Group operating profit is expected to be £395m-£415m for financial year 2027.
Earlier this week, Autotrader opened its new 130,000 sq ft HQ in Manchester’s Circle Square.