Autotrader Group Plc (ATDRF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Autotrader's results for the six month ending 30th of September 2025. I'm joined by our COO, Catherine, and our CFO, Jamie, who will both be presenting and joining me for Q&A. You will have seen the announcement regarding Catherine moving on to become CEO at Moonpeak. We're very pleased for Catherine and wish her the best as she embarks on the next chapter of her career. Catherine has been a pleasure to work with and has had a real impact at AutoTrader. She will be missed, but she leaves behind a strong team with bench strength that is both broad and deep, so we have little worry that we'll carry on uninterrupted. Our disproportionate focus on internal development over external hiring serves us well at times like this. Catherine is still with us for some time, and we will announce her leaving date in due course once we have worked to a smooth transition plan. Now on to the results. Overall, we are pleased with the progress that we've made through the period. Our profit was marginally ahead of expectations, and we've made significant progress against our strategic priorities. As expected, we've been impacted by the fast speed of sale of vehicles, but the team has delivered well on those areas that are within our control. I'm confident that the actions we are taking today will underpin growth for many years to come. Our market position remains strong, with record levels of buyers and retailers using AutoTrader. As we saw last year, there has been a further increase in the number of unique vehicles advertised on our platform and high levels of engagement with those vehicles. This underpins our core proposition for buyers as we provide full choice and transparency and clearly retailers have benefited from more vehicles moving throug...