Auto Trader ( (GB:AUTO) ) has provided an update.
Auto Trader Group plc announced the repurchase of 300,000 of its ordinary shares for cancellation at an average price of 789.2615p per share. This transaction is part of the company’s buyback program, which aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and improving shareholder returns. Following this transaction, the total number of voting rights in the company is 881,553,555, which may impact shareholders’ interest notifications under FCA’s rules.
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 new and used cars, connecting consumers with automotive retailers and manufacturers.
YTD Price Performance: -0.49%
Average Trading Volume: 2,559,641
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.93B
For detailed information about AUTO stock, go to TipRanks’ Stock Analysis page.