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Auto Trader ( (GB:AUTO) ) just unveiled an update.
Auto Trader Group plc announced the repurchase of 348,892 of its ordinary shares through Deutsche Numis at an average price of 793.2136p per share. This transaction, part of the company’s buyback program, impacts the voting rights and share distribution, with a total of 884,414,686 voting rights now available for shareholders. The repurchase aims to optimize the company’s capital structure and can influence shareholder value.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, providing a platform for buying and selling vehicles. The company is primarily focused on digital automotive marketplaces, facilitating transactions and offering various services to automotive buyers and sellers.
YTD Price Performance: 0.98%
Average Trading Volume: 2,727,424
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £7.05B
Find detailed analytics on AUTO stock on TipRanks’ Stock Analysis page.
