Letters by company

Auto Trader Group plc

2 letters discussing AUTO. Everything written about it on this site is on its ticker page.

PenderFund Capital Management Ltd. Pender Global Small/Mid Cap Equity Fund Manager’s Commentary Pender Global Small/Mid Cap Equity Fund maintained a defensive stance amid an AI-related rotation out of semiconductor and high-beta technology shares, citing rising debt-funded hyperscaler capex and concerns over investment returns. The fund initiated Auto Trader, added Copart on weakness, sold Kneat.com after its Thoma Bravo takeout, and defended its Generac thesis while Kinaxis raised guidance. July 2026 AUTO $5.5BGNRC $11BKXS $3.6B
Smead Capital Management 3Q26 International Value Strategy Newsletter: Being Greedy When Mr. Market Doesn’t Understand Cenovus is held as oil-sands consolidation, high returns on capital and buybacks support a premium valuation despite lower oil-price scenarios. UniCredit is positioned to consolidate Commerzbank and potentially Alpha Bank, while the strategy waits for market recognition of Autotrader, Burberry and West Fraser Timber. 3Q26 CVE $61BUCG $29B