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Auto Trader ( (GB:AUTO) ) just unveiled an announcement.
Auto Trader Group plc announced the purchase of 300,000 of its own ordinary shares for cancellation at an average price of 785.1065p per share, as part of its buyback program. This transaction reduces the total number of shares in circulation, potentially enhancing shareholder value and consolidating the company’s market position by decreasing the number of voting rights to 886,186,288. This strategic move is likely to impact the company’s operations by optimizing its capital structure and may influence stakeholder perception positively.
More about Auto Trader
Auto Trader Group plc is a company operating in the automotive industry, primarily known for its digital automotive marketplace that connects buyers and sellers of new and used vehicles. The company focuses on providing a platform for vehicle listings and automotive data services.
YTD Price Performance: -1.00%
Average Trading Volume: 2,566,851
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.93B
Learn more about AUTO stock on TipRanks’ Stock Analysis page.
