TRADER’S TIPS: City insiders say buy Autotrader but sell Countrywide

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City & Finance Reporter for the Daily Mail

Buy it: Car classified firm  Auto Trader has an 80 per cent share of its market

Buy it: Car classified firm  Auto Trader has an 80 per cent share of its market

Buy it: Car classified firm Auto Trader has an 80 per cent share of its market

BUY THIS:  Autotrader

Investec has given this car classified firm a ‘Buy’ rating.

Auto Trader has an 80 per cent share of its market with more than 55m visits a month.

Investec said: ‘We see Auto as a well-placed structural growth story.’

 SELL THIS: Countrywide

Analysts at Peel Hunt have issued a ‘Reduce’ rating following a difficult year for the estate agent.

This week Countrywide reported a £212million loss that sent its share price tumbling.

And Peel Hunt reckons the lettings fee ban in 2019 will have a further negative impact on performance.

 

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