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Auto Trader ( (GB:AUTO) ) just unveiled an update.
Auto Trader Group plc announced the repurchase of 321,339 of its ordinary shares for cancellation at an average price of 782.5208p per share, as part of its ongoing buyback program. This transaction reduces the total number of shares in issue, potentially increasing shareholder value and solidifying Auto Trader’s market position by optimizing its capital structure.
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 is a leading player in the UK market, focusing on connecting buyers and sellers through its online platform.
YTD Price Performance: -1.91%
Average Trading Volume: 2,833,120
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.84B
See more insights into AUTO stock on TipRanks’ Stock Analysis page.
