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An announcement from Auto Trader ( (GB:AUTO) ) is now available.
Auto Trader Group plc announced a significant buyback of its own shares, purchasing 370,000 ordinary shares at an average price of 824.5416 pence per share. This move, executed through Merrill Lynch International, impacts the company’s capital structure by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares and demonstrating confidence in the company’s financial health.
More about Auto Trader
Auto Trader Group plc operates within the automotive industry, primarily focusing on online vehicle marketplaces. The company offers a platform for buying and selling new and used cars, serving both consumers and automotive retailers.
YTD Price Performance: 16.02%
Average Trading Volume: 2,351,467
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.36B
For an in-depth examination of AUTO stock, go to TipRanks’ Stock Analysis page.
