Overview

• Auto Trader posted revenue of £601.1m for the year to March 31, up 5%, and pre-tax profit rose 9% to £375.7m
• Shares tumbled 14.2% on the day of the results as sales growth cooled, even as management projects 5–7% revenue growth in the coming financial year
• UK new car registrations grew 3%, driven by fleet purchases, while used car listings on the platform rose 4% and consumer visits hit a record 81.6 million
• The Autorama leasing division saw revenues decline 12% amid persistent new-car supply constraints
• The company rolled out its AI-powered Co-Driver suite to speed up dealer advert creation and expanded its online deal-builder tool, completing about 49,000 deals