Auto Trader (GB:AUTO) has released an update.
Auto Trader Group plc has executed a significant share buyback, acquiring 454,103 ordinary shares for cancellation at an average price of 831.98 pence per share. This move reduces the number of shares in circulation, potentially increasing the value for remaining shareholders. The buyback is part of a strategy to manage the company’s capital structure effectively.
For further insights into GB:AUTO stock, check out TipRanks’ Stock Analysis page.