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Auto Trader Executes Share Buyback to Optimize Capital Structure

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Auto Trader Executes Share Buyback to Optimize Capital Structure

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An announcement from Auto Trader ( (GB:AUTO) ) is now available.

Auto Trader Group plc has announced a buyback of 250,000 of its ordinary shares for cancellation at an average price of 780.8009p per share. This transaction reduces the total number of shares in issue, potentially impacting shareholder voting rights and reflecting the company’s strategy to manage its capital structure effectively.

More about Auto Trader

Auto Trader Group plc operates in the automotive industry, primarily focusing on digital automotive marketplace services. The company facilitates buying and selling of vehicles through its online platform, catering to both consumers and automotive retailers.

YTD Price Performance: -2.17%

Average Trading Volume: 2,750,923

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £6.81B

See more data about AUTO stock on TipRanks’ Stock Analysis page.

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