By skyforbes - Dealer Backlash/Cancellations: A group of UK car dealers are publicly protesting $AUTO's high listing prices and are threatening package downgrades/cancellations.
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Macro Headwinds: Concerns over constrained used car supply (cars selling too fast means dealers buy fewer premium ads) and an FCA investigation into motor finance created industry uncertainty.
TL;DR? The market is panicking over dealer squabbles and temporary car supply issues.
Today's Price vs. Last Time
The current price point is sitting near where it was a couple of years ago. The key difference? The company is fundamentally stronger now.
We are buying 2026 earnings at a 2023 valuation.
The Buy Thesis: Why You'll Get Rich
• The Moat (90%+ Market Share): $AUTO is the UK's undisputed car-buying destination. Dealers must be on the platform. This is a perpetual license to raise prices and print cash.
• Insane Margins: A 63% Operating Margin is unheard of for a business like this. It's a tech company masquerading as a car platform.
• Share Buybacks: The company is actively executing a huge buyback, confirming that management believes their own stock is dirt cheap. This artificially boosts EPS and rewards shareholders.
stop looking at the noise. Look at the balance sheet. This is a high-quality, high-profit monopoly trading at a fear discount. Load up.