Auto Trader motored higher yesterday as analysts dismissed the threat from rival websites and said that it could be a good way to play the expected pick-up in the economy over the next few months. When talking to investors about the company, Morgan Stanley said that it ended up fielding questions about competition, especially after Cinch and Heycar were launched last year. Perhaps the biggest threat comes from Cargurus, though, the No 1 used car marketplace in America, which was set up by Langley Steinert, one of the co-founders of Tripadvisor. Morgan Stanley is not too concerned. The investment bank thinks that the sheer dominance of Auto Trader in the UK means that “the hurdle to successful disruption” is much higher on this side of…

Source: The Times January 25, 2020 00:11 UTC