Getty Images Arafura Rare Earths ( ARAFF ) said Thursday it made a final investment decision to develop the $1.6B Nolans project in Australia's Northern Territory, which is set to be the country's third-biggest rare earths operation by the end of the decade. The project is designed to deliver 4,440 metric tons/year of NdPr oxide, supplying ~4% of the world's neodymium and praseodymium, critical mi...
Getty Images Arafura Rare Earths ( ARAFF ) said Thursday it made a final investment decision to develop the $1.6B Nolans project in Australia's Northern Territory, which is set to be the country's third-biggest rare earths operation by the end of the decade. The project is designed to deliver 4,440 metric tons/year of NdPr oxide, supplying ~4% of the world's neodymium and praseodymium, critical minerals used in permanent magnets for electric vehicles, wind turbines and fighter jets. Construction on the project, which has been planned since the deposit was discovered three decades ago, will begin in September, with first production expected in mid-2029. The company has secured a $1.6B funding package including a significant buffer and is backed by Australia's richest person, Gina Rinehart, whose Hancock Prospecting owns a 15.5% stake. Arafura ( ARAFF ) would become Australia's third-biggest rare earths producer after Lynas Rare Earths ( LYSCF ) ( LYSDY ), the world's largest producer outside China, which produced 6,600 tons of NdPr in the last financial year, and Iluka Resources ( ILKAF ) ( ILKAY ), which is expected to start production next year. More on Arafura Rare Earths Arafura Rare Earths Q3 2026 Earnings Call Transcript Financial information for Arafura Rare Earths
Surveys indicate that investors are piling into stocks even as they see rising inflation. That’s likely to backfire as equities aren’t the hedge against price growth they are often taken to be. It’s time to pay much more attention to real quantities again. Inflation is resurgent as the energy shock ripples through the global economy. Investors are rightly concerned: the net percentage of responden...
Surveys indicate that investors are piling into stocks even as they see rising inflation. That’s likely to backfire as equities aren’t the hedge against price growth they are often taken to be. It’s time to pay much more attention to real quantities again. Inflation is resurgent as the energy shock ripples through the global economy. Investors are rightly concerned: the net percentage of respondents in Bank of America’s Fund Manager Survey expecting higher inflation is back at its highest level since the pandemic. Yet the very same survey showed a record monthly jump in equity allocation among fund managers, going back over 25 years. The two are incompatible. Equities are real assets. Corporate revenues and earnings are expected to rise with inflation, as stocks are claims on real productive assets such as intellectual property, land, factories, etc. That’s why equities are typically seen as an inflation hedge. But this neglects one crucial feature: duration . All financial assets have some sort of duration, the average time taken to receive future cash flows, weighted by their present values. Stocks have the highest duration. They are effectively a call option on the solvency of a firm in perpetuity. Cash flows are thus expected long into the future, but as the discounting rate is assumed to be larger than the long-run growth rate on income streams, they sum to a finite value, what is taken to be the fair value of the stock. That’s all good and well, but there is a problem the theory doesn’t account for: when inflation is elevated, investors don’t want duration. Indeed they repudiate it. Why? The higher duration of an asset, the longer you must wait to reinvest your outlay at a new coupon rate. Take a regular bond for example. It has a finite maturity after which you get your principal back and can negotiate a higher coupon if inflation has risen. With stocks, however, you are locked in. The coupon is effectively the return on equity, which is fairly steady over th...
Stocks were on track to fall Thursday as investors shrugged off strong results from artificial intelligence chip maker Nvidia and hoped for progress in the peace talks between the U.S. and Iran. The three major indexes snapped a three-session losing streak on Wednesday after President Donald Trump said the U.S. was in the final stage of negotiations with Iran to end the war in the Middle East. Fut...
Stocks were on track to fall Thursday as investors shrugged off strong results from artificial intelligence chip maker Nvidia and hoped for progress in the peace talks between the U.S. and Iran. The three major indexes snapped a three-session losing streak on Wednesday after President Donald Trump said the U.S. was in the final stage of negotiations with Iran to end the war in the Middle East. Futures were swinging early Thursday, suggesting that the market doesn’t quite know what to make of Nvidia’s first-quarter earnings.
Investing.com -- Kroger Co. is preparing significant price reductions across its stores as new Chief Executive Officer Greg Foran seeks to regain market share from competitors including his former employer, Walmart Inc. The largest U.S. grocery company, which operates 21 chains, is developing plans to test and implement lower prices across product categories, Foran told Bloomberg News in his first...
Investing.com -- Kroger Co. is preparing significant price reductions across its stores as new Chief Executive Officer Greg Foran seeks to regain market share from competitors including his former employer, Walmart Inc. The largest U.S. grocery company, which operates 21 chains, is developing plans to test and implement lower prices across product categories, Foran told Bloomberg News in his first interview since assuming the role in February. "I think about our business a bit like a Formula One race. There's a lead group of cars that are doing a very good job," Foran said. "Our objective is to get out of the midfield and start lapping faster, make up the gap on the first-group cars and then ideally pass them." The 64-year-old executive pointed to Walmart, Costco Wholesale Corp., Trader Joe's, Aldi and Amazon.com Inc. as competitors that have gained ground by emphasizing value. Kroger plans to fund the price cuts by importing merchandise directly and using technology more effectively to reduce expenses. "The reality is, the basket has to come down. And not everyone's basket is the same," Foran said. "It needs to be across thousands of products, and it has to be something that passes the commonsense piece with customers." The strategy comes as Kroger faces increasingly cautious consumers amid rising inflation and tighter government benefits. Foran noted that shoppers are concerned about fuel prices following conflict in Iran and uncertainty about potential price increases ahead. Beyond pricing, Kroger is working to improve in-store service and accelerate expansion. The company plans to open 70 to 80 new stores next year, double the number opening in 2026. While some locations will close, Kroger said its overall store count is growing. Foran outlined what the company calls the five Fs: fresh, fast, affordable, friendly and for you, with the last element referring to store personalization for specific neighborhoods. "Our objective is to execute what we think is a very ...
Tippapatt/iStock via Getty Images Fund performance The abrdn National Municipal Income Fund returned -0.76% for the first quarter on a net asset value basis, compared with -0.18% for its benchmark, the Bloomberg Municipal Bond Index. ¹ The Fund's exposure to education and hospital bonds detracted from relative performance, while lifecare and leasing bonds added to returns. The Fund also benefited ...
Tippapatt/iStock via Getty Images Fund performance The abrdn National Municipal Income Fund returned -0.76% for the first quarter on a net asset value basis, compared with -0.18% for its benchmark, the Bloomberg Municipal Bond Index. ¹ The Fund's exposure to education and hospital bonds detracted from relative performance, while lifecare and leasing bonds added to returns. The Fund also benefited from lower leverage costs versus the previous quarter, with the Securities Industry and Financial Markets Association (SIFMA) rate averaging 1.99% during the first quarter of 2026, compared with an average of 2.01% in the prior quarter. By credit quality, AA and A-rated bonds detracted, while non-rated bonds contributed positively. Market review The overall municipal ( MUNI ) bond market, as measured by the Bloomberg Municipal Bond Index, returned -0.18% in the first quarter of 2026. The front end outperformed the intermediate and long portions of the curve: the Bloomberg Municipal 1-2 Year Index returned 0.64%, the Bloomberg Municipal 4-6 Year Index returned 0.01%, and the Bloomberg Municipal 17-22 Year Index returned 0.37%. Taxable munis also posted positive performance, with the Bloomberg Taxable Municipal Bond Index returning 0.43%, compared with -0.05% for the Bloomberg US Aggregate Index. High-yield muni bonds outperformed high-yield corporates, with the Bloomberg Municipal Bond: High Yield Index returning 0.71% versus -0.50% for the Bloomberg US Corporate High Yield Bond Index. Annualized GDP grew by a lower-than-expected 0.7% in the fourth quarter, according to the second estimate, below the preliminary estimate of 1.4% and the 4.4% expansion recorded in the third quarter. The US Federal Reserve (Fed) held the federal funds target range at 3.50%–3.75% amid an uncertain macroeconomic backdrop. The yield spread between two- and 10-year Treasuries narrowed as the curve modestly flattened, starting the quarter at 69 basis points and ending at 52 bps. Activity During the...
KOSPI, Samsung Soar After 11th-Hour Union Deal Averts Chip Strike; Workers Eye $340k Bonuses South Korea's benchmark KOSPI jumped overnight after Samsung Electronics reached a tentative wage-and-bonus agreement with its main labor union, neutralizing the immediate risk of a paralyzing strike at the world's largest memory-chip producer. The wage-and-bonus deal removes a major supply-chain threat in...
KOSPI, Samsung Soar After 11th-Hour Union Deal Averts Chip Strike; Workers Eye $340k Bonuses South Korea's benchmark KOSPI jumped overnight after Samsung Electronics reached a tentative wage-and-bonus agreement with its main labor union, neutralizing the immediate risk of a paralyzing strike at the world's largest memory-chip producer. The wage-and-bonus deal removes a major supply-chain threat in an already tight memory market, where AI data center buildouts have driven surging demand, soaring prices, and heightened procurement risk across global semiconductor supply chains. Samsung Electronics' shares surged after it clinched an 11th-hour deal with its South Korean union to avert a strike, although the terms — which included bonuses of around $416,000 for some workers — gave rise to some concern https://t.co/azFdL0hten pic.twitter.com/1q5naanI5e — Reuters (@Reuters) May 21, 2026 Here are the key points of the Samsung-union deal reached in the 11th hour of negotiations: Samsung will introduce a new 10-year performance bonus system for its semiconductor division. Plan links worker bonuses to profitability, with ambitious profit targets of 200 trillion won annually from 2026-28 and 100 trillion won annually from 2029-35. Bonus pool will be funded by 10.5% of performance and paid in stock after tax. Employees can sell 1/3 of the shares immediately, while the rest must be held for up to 2 years. Samsung also agreed to an average wage increase of 6.2%, improved child support payments, and expanded housing loans. Based on Bloomberg calculations, Samsung's 78,000 semiconductor workers could receive an average bonus of about 513 million won, or $340,000, depending on final profit levels and individual allocation. That would be more than triple the company's average employee pay of 158 million won in 2025. Local outlet Yonhap estimates suggest workers in the memory division could receive even larger payouts, potentially around 600 million won per person, though the company ...
Vietnam real estate tycoon Truong My Lan, convicted in the nation’s largest fraud case, has repaid a total of more than 12 trillion dong ($455 million) to about 42,000 bond holders as the government works to clawback billions of ill-gotten gains. More payments are expected in the future, according a post on the government’s website, citing Ho Chi Minh City’s Civil Judgment Enforcement Agency. Lan ...
Vietnam real estate tycoon Truong My Lan, convicted in the nation’s largest fraud case, has repaid a total of more than 12 trillion dong ($455 million) to about 42,000 bond holders as the government works to clawback billions of ill-gotten gains. More payments are expected in the future, according a post on the government’s website, citing Ho Chi Minh City’s Civil Judgment Enforcement Agency. Lan still owes bondholders about 18 trillion dong. The government is systematically auditing assets owned by Lan and her affiliates in an effort to recoup billions in losses after courts ordered her to repay $27 billion in damages. Read More: Vietnam Bank to Sell Mogul’s Property, Car to Offset Fraud Loss Lan, 69, once one of Vietnam’s most prominent property developers, was sentenced to death in April 2024 after being found guilty of embezzling $12.3 billion from Saigon Commercial Bank in the nation’s largest-ever fraud case. Vietnam later abolished the death penalty for certain economic crimes, including those of Lan. She was also convicted on charges of money laundering and other crimes in a second trial.
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Earnings check: Nvidia ( NVDA ) posts another beat , plans $80B buyback and concedes to Huawei . AI race: Anthropic ( ANTHRO ) is set to turn profitable before OpenAI ( OPENAI ), which may file for its IPO soon . S...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Earnings check: Nvidia ( NVDA ) posts another beat , plans $80B buyback and concedes to Huawei . AI race: Anthropic ( ANTHRO ) is set to turn profitable before OpenAI ( OPENAI ), which may file for its IPO soon . Streamlining push: Intuit ( INTU ) will cut its workforce by 17% to simplify its structure; stock slumps. Defying gravity SpaceX's ( SPCX ) S-1 filing gives the clearest look yet at a company tied to satellite internet, military and government contracts, AI infrastructure and Elon Musk's ambition to build a multi-planetary economy. The sprawling business' self-assessed total addressable market of $28.5T, if realized, would approach the entire output of the U.S. economy . Orbital AI: SpaceX's Connectivity segment, driven by Starlink ( STRLK ), is its financial engine with $4.4B operating profit in 2025. By contrast, SpaceX's newly acquired AI segment is burning cash at a remarkable pace, with operating loss of $6.4B in 2025. SpaceX appears to be pitching itself not simply as a space transportation company, but as a future platform for orbital computing and AI infrastructure. It ultimately plans to deploy massive solar-powered AI compute capacity in orbit, part of Musk's argument that space-based infrastructure could help solve terrestrial energy and cooling constraints tied to AI growth. At the same time, the filing includes blunt warnings that many of these concepts remain commercially unproven. SpaceX acknowledges that orbital AI data centers, lunar industry and Martian settlements may never become economically viable businesses. Bigger picture: The filing underscores how heavily SpaceX continues to invest in Starship, its massive next-generation launch vehicle. Its Space segment posted $657M operating loss in 2025 and spent over $3B on research and development tied to Star...
Jobs can feel precarious right now as well-known companies keep slashing workers. The latest is Meta, which promised it would cut jobs this month and on Wednesday sent layoff notices to about 10 percent of its staff, nearly 8,000 people, according to news reports. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. Like some other technolo...
Jobs can feel precarious right now as well-known companies keep slashing workers. The latest is Meta, which promised it would cut jobs this month and on Wednesday sent layoff notices to about 10 percent of its staff, nearly 8,000 people, according to news reports. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. Like some other technology companies, Meta has attributed the layoffs partly to the effects of artificial intelligence. They follow job cuts from Amazon, Wall Street banks, Oracle, Nike and UPS. Meta didn’t respond to a request for comment about the layoffs. (Jeff Bezos, Amazon’s executive chairman, owns The Washington Post.) But headline-grabbing layoffs and corporate justifications can give a misleading impression about what ails America’s job market and AI’s role in that. It could lead people to misjudge their career prospects or financial risks. The numbers show that layoffs in the U.S. are roughly at or below levels from before the pandemic, although they are higher than in 2022 when businesses snapped up workers as the economy roared back to life. In the three months ended in March, an average of 1.75 million Americans were laid off each month, according to calculations of Bureau of Labor Statistics data. The average in March 2019 was 1.72 million. A different measure that accounts for the growing U.S. workforce shows that layoffs affected about 1.2 percent of employed people in March, a number that has been steady for years outside of the pandemic. That doesn’t make getting laid off any less stressful. There’s so little hiring that the 3 million Americans who voluntarily quit their jobs each month, people entering the workforce or those who are laid off face longer odds than they did a few years ago. “Layoffs, broadly considered, are not a problem at all,” said Guy Berger, a senior fellow at the Burning Glass Institute, a nonprofit research organization focused on the labor market. “Hiring ...
(RTTNews) - While reporting financial results for the first quarter on Thursday, automotive aftermarket parts provider Advance Auto Parts, Inc. (AAP) reaffirmed its adjusted earnings, net sales and comparable store sales growth guidance for the full year 2026. For fiscal 2026, the company continues to project adjusted earnings in the range of $2.40 to $3.10 per share on net sales between $8.435 bi...
(RTTNews) - While reporting financial results for the first quarter on Thursday, automotive aftermarket parts provider Advance Auto Parts, Inc. (AAP) reaffirmed its adjusted earnings, net sales and comparable store sales growth guidance for the full year 2026. For fiscal 2026, the company continues to project adjusted earnings in the range of $2.40 to $3.10 per share on net sales between $8.435 billion and $8.575 billion, with comparable store sales growth of 1.0 to 2.0 percent. On Tuesday, the company declared a regular cash dividend of $0.25 per share to be paid on July 24, 2026 to all common stockholders of record as of July 10, 2026. For the first quarter, the company reported net income of $24.0 million or $0.40 per share, flat with the prior-year quarter. Excluding items, adjusted earnings for the quarter was $0.77 per share, compared to adjusted loss of $0.22 per share in the year-ago quarter. Net sales for the quarter edged up to $2.61 billion from $2.58 billion in the same quarter last year. Comparable store sales increased 3.5 percent. In Thursday's pre-market trading, TGT is trading on the NYSE at $53.76, up $2.52 or 4.93 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Oracle Corporation shares have picked up momentum after an analyst upgrade and renewed optimism around the group’s AI and cloud infrastructure strategy. US investors are watching whether the software heavyweight can convert AI demand into sustained revenue growth. Oracle Corporation stock has attracted fresh attention after a noticeable price move and a recent analyst upgrade that tied the company...
Oracle Corporation shares have picked up momentum after an analyst upgrade and renewed optimism around the group’s AI and cloud infrastructure strategy. US investors are watching whether the software heavyweight can convert AI demand into sustained revenue growth. Oracle Corporation stock has attracted fresh attention after a noticeable price move and a recent analyst upgrade that tied the company’s prospects closely to accelerating demand for artificial intelligence and cloud infrastructure. On May 20, 2026, the shares closed up about 3.5% on the New York Stock Exchange, according to data cited by TradingKey and MarketBeat, which linked the move to optimism around Oracle’s AI-related offerings and a higher price target from Wedbush issued on May 13, 2026, as reported by TradingKey as of 05/20/2026. In parallel, Oracle’s share price has been fluctuating within a wide 52?week range, reflecting shifting sentiment on large software and cloud names. Recent data from investing and brokerage platforms show the stock trading in the high?$180s after touching higher levels earlier in the year, underscoring how macroeconomic conditions, interest?rate expectations, and AI enthusiasm together influence the day?to?day volatility of this blue?chip technology name, as summarized by MarketBeat as of 05/20/2026. As of: 21.05.2026 By the editorial team – specialized in equity coverage. At a glance Name: Oracle Corp Oracle Corp Sector/industry: Enterprise software, databases, cloud infrastructure Enterprise software, databases, cloud infrastructure Headquarters/country: Austin, Texas, United States Austin, Texas, United States Core markets: Global enterprise customers in North America, Europe and Asia Global enterprise customers in North America, Europe and Asia Key revenue drivers: Cloud services, software licenses, support and hardware Cloud services, software licenses, support and hardware Home exchange/listing venue: New York Stock Exchange (ticker: ORCL) New York Stock Exchange (...
C3.ai (AI +5.10%) stock has plummeted by 36% so far this year despite the broader artificial intelligence (AI) industry producing significant gains. Last September, its founder and longtime CEO Thomas Siebel stepped down to deal with health issues, which led to an unexpected collapse in the company's revenue. Siebel played an important role in selling C3.ai's software applications, and he was also...
C3.ai (AI +5.10%) stock has plummeted by 36% so far this year despite the broader artificial intelligence (AI) industry producing significant gains. Last September, its founder and longtime CEO Thomas Siebel stepped down to deal with health issues, which led to an unexpected collapse in the company's revenue. Siebel played an important role in selling C3.ai's software applications, and he was also instrumental in managing relationships with some of the company's most important customers. As a result, several lucrative deals were either lost or delayed when he departed. But fortunately for shareholders, C3.ai recently announced that Siebel returned to the CEO role on May 8. Could this be the ultimate opportunity to buy C3.ai stock ahead of a potential recovery in the company's operating results? An innovative product portfolio Developing AI software from scratch requires technical expertise and a significant amount of computing capacity, which is delivered via billions of dollars' worth of data center infrastructure. Most businesses don't have those financial or human resources, so they turn to third parties like C3.ai instead. C3.ai built a portfolio of 40 turnkey software applications to accelerate AI adoption for its customers, whether they operate in manufacturing, retail, financial services, or a host of other industries. As an example, banks and financial institutions can use the C3.ai Anti-Money Laundering application to make their compliance processes more efficient. In one customer case study, the app delivered a 200% increase in the number of correctly identified suspicious transactions and an 85% reduction in false-positive alerts. Expand NYSE : AI C3.ai Today's Change ( 5.10 %) $ 0.45 Current Price $ 9.28 Key Data Points Market Cap $1.3B Day's Range $ 8.57 - $ 9.30 52wk Range $ 7.67 - $ 30.24 Volume 12K Avg Vol 5.6M Gross Margin 43.45 % C3.ai's apps are constantly learning and improving as they receive more real-world data, and they can also be customized...
Victoria's Secret & Co. ( VSCO ) issued letters to shareholders this week emphasizing that the board and new leadership team, led by CEO Hillary Super, are executing a turnaround that is already delivering significant and accelerating outperformance. The apparel company pointed to clear evidence that its strategic and operational actions are working and that momentum is building, not peaking. As p...
Victoria's Secret & Co. ( VSCO ) issued letters to shareholders this week emphasizing that the board and new leadership team, led by CEO Hillary Super, are executing a turnaround that is already delivering significant and accelerating outperformance. The apparel company pointed to clear evidence that its strategic and operational actions are working and that momentum is building, not peaking. As part of its presentation, Victoria's Secret ( VSCO ) board highlighted that it has been actively driving positive change through board refreshment, oversight of management, and ongoing asset review to enhance shareholder value. At the same time, it described BBRC International's proxy campaign as a disruptive, self-interested effort that risks derailing the turnaround progress, noting that after extensive engagement, the board rejected Brett Blundy’s candidacy due to concerns about his conduct, conflicts, and governance, and that the company had offered a more constructive path forward before BBRC escalated to a full proxy fight. The board urged shareholders to vote for all incumbent directors at the June 11 annual meeting to maintain Victoria's Secret ( VSCO ) momentum and support continued long-term value creation. Shares of Victoria's Secret & Co. ( VSCO ) are down 13.5% on a year-to-date basis. More on Victoria’s Secret Victoria's Secret: Upgrading To A Cautious Hold, Due To The Sustained Demand Victoria's Secret: Bull Case Is Playing Out Nicely Victoria's Secret: A Clear Turnaround Opportunity (Rating Upgrade) David Einhorn of Greenlight Capital touts 5 'transition stories' at Sohn Conference Acadia Healthcare, Centene long picks by Greenlight's Einhorn at Sohn conf
Hong Kong International Airport has recorded a 13 per cent year-on-year increase in passenger traffic in the first four months, while flight movements rose 5.1 per cent. According to the Airport Authority, the Easter holiday boosted traffic in April, when the airport handled more than 5.6 million passengers and 34,000 flight movements, representing year-on-year increases of 9.4 per cent and 5.5 pe...
Hong Kong International Airport has recorded a 13 per cent year-on-year increase in passenger traffic in the first four months, while flight movements rose 5.1 per cent. According to the Airport Authority, the Easter holiday boosted traffic in April, when the airport handled more than 5.6 million passengers and 34,000 flight movements, representing year-on-year increases of 9.4 per cent and 5.5 per cent respectively. “Overall passenger growth in April was supported by the Easter holiday, with daily passenger traffic peaking on April 3 at over 210,000 passengers,” the authority said. Advertisement Passenger volume rose 13 per cent year on year to 22.3 million in the first four months, while flight movements increased 5.1 per cent to 135,090. The authority said transfer and transit passengers continued to drive growth, followed by inbound visitors. Most regional markets expanded, led by mainland China and Southeast Asia, while the Middle East was the only market to record a decline, reflecting the impact of the ongoing war in the region. Transfer and transit passengers led growth, with mainland China and Southeast Asia strongest despite a Middle East decline. Photo: Eugene Lee Cargo throughput rose to 423,000 tonnes in April, up 4.9 per cent year on year. For the first four months, cargo volume increased 3.7 per cent to 1.63 million tonnes.
Autotrader Group plc press release ( ATDRY ): FY GAAP EPS of 34.07p. Revenue of £624.3M (+3.9% Y/Y). Outlook: "We remain comfortable with our current levels of investment such that Group operating profit margins, excluding Vehicle & Accessory sales, will be at least maintained. Group operating profit is expected to be £395m - £415m for financial year 2027. With an accelerated level of share buybac...
Autotrader Group plc press release ( ATDRY ): FY GAAP EPS of 34.07p. Revenue of £624.3M (+3.9% Y/Y). Outlook: "We remain comfortable with our current levels of investment such that Group operating profit margins, excluding Vehicle & Accessory sales, will be at least maintained. Group operating profit is expected to be £395m - £415m for financial year 2027. With an accelerated level of share buybacks, we anticipate at least high single digit Basic EPS growth." Autotrader revenue was flat year-on-year in April 2026, due to a lower run rate and a lower price increase. However, retailer forecourts, volumes of paid stock and package penetration are now improving, and we expect to grow in the second half. Full year expectations are as follows: - Our pricing and product event has gone well growing the price lever within ARPR by £85-95. Growth in the product lever is expected to contribute £65-75. - Stock will recover resulting in an improvement from current levels to minus £30-40 for the full year. - Average retailer forecourts are now growing but will be 1-2% lower for the full year. - Other revenue will be broadly flat in aggregate, with a decline in Consumer Services offset by growth in Manufacturer & Agency. "We expect Autorama to make a small profit for the year, with Commission & Ancillary revenue growing 8-12% and Vehicle & Accessory sales of £40m." More on Autotrader Group plc Autotrader Group plc 2026 Q4 - Results - Earnings Call Presentation Historical earnings data for Autotrader Group plc Dividend scorecard for Autotrader Group plc Financial information for Autotrader Group plc