Auto Trader ( (GB:AUTO) ) has issued an announcement.
Auto Trader Group plc has announced a buyback of 350,000 of its ordinary shares for cancellation at an average price of 774.766 pence per share. This move reduces the number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health. The transaction impacts the total number of voting rights, which now stands at 881,203,555, affecting shareholder calculations under FCA’s rules.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, primarily focusing on the buying and selling of vehicles through its online marketplace platform. The company is a leading digital automotive marketplace in the UK, connecting consumers with sellers and offering a range of services to facilitate vehicle transactions.
YTD Price Performance: -0.09%
Average Trading Volume: 2,554,346
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £6.95B
For a thorough assessment of AUTO stock, go to TipRanks’ Stock Analysis page.