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The latest update is out from Auto Trader ( (GB:AUTO) ).
Auto Trader Group plc announced the repurchase of 395,000 of its ordinary shares for cancellation, aiming to optimize its capital structure and return value to shareholders. This transaction, executed through Deutsche Numis, reflects the company’s strategic move to enhance shareholder value and adjust its share capital, which may influence stakeholder interests and market positioning in the automotive sector.
More about Auto Trader
Auto Trader Group plc is a company in the automotive industry, primarily offering an online marketplace for buying and selling new and used vehicles. The company’s market focus is on facilitating vehicle transactions and providing advertising services for automotive retailers and manufacturers.
YTD Price Performance: 0.11%
Average Trading Volume: 2,698,206
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £7B
See more data about AUTO stock on TipRanks’ Stock Analysis page.
