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Auto Trader ( (GB:AUTO) ) has provided an update.
Auto Trader Group plc announced a buyback of 212,000 of its ordinary shares at an average price of 783.1476p per share, reducing the total number of shares in circulation and potentially increasing the value of remaining shares. This move may positively impact shareholder value and reflects the company’s confidence in its financial health and future prospects, potentially strengthening its position in the market.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, providing a digital marketplace for buying and selling new and used cars. The company focuses on connecting buyers and sellers through its platform, facilitating vehicle transactions and providing related services.
YTD Price Performance: -0.52%
Average Trading Volume: 2,771,113
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.93B
For a thorough assessment of AUTO stock, go to TipRanks’ Stock Analysis page.
