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The latest announcement is out from Auto Trader ( (GB:AUTO) ).
Auto Trader Group plc has announced the repurchase of 350,000 of its ordinary shares at an average price of 787.5571p per share for cancellation. This transaction reflects part of the company’s buyback program, which is intended to optimize its capital structure. Following this transaction, Auto Trader has 889,734,367 ordinary shares in issue, with 4,671,339 shares held in treasury, which impacts the total voting rights available to shareholders.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, primarily focusing on digital platforms for buying and selling vehicles. The company is known for its online marketplace that connects buyers and sellers of new and used cars, offering tools and services to enhance the vehicle trading process.
YTD Price Performance: -0.27%
Average Trading Volume: 2,725,747
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.97B
For an in-depth examination of AUTO stock, go to TipRanks’ Stock Analysis page.
