Auto Trader ( (GB:AUTO) ) has issued an update.
Auto Trader Group plc announced the repurchase of 300,000 of its ordinary shares for cancellation at an average price of 786.3533 pence per share. This transaction, conducted through Deutsche Numis, is part of the company’s buyback program and affects the total number of voting rights, which now stands at 881,853,555. The buyback is likely aimed at enhancing shareholder value and reflects the company’s strategic financial management.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, primarily focusing on digital automotive marketplaces. The company provides a platform for buying and selling vehicles, catering to both consumers and dealers in the UK market.
YTD Price Performance: -0.87%
Average Trading Volume: 2,564,745
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.9B
Learn more about AUTO stock on TipRanks’ Stock Analysis page.