Auto Trader (GB:AUTO) has released an update.
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Auto Trader Group plc has repurchased 334,000 of its own ordinary shares at an average price of 808.7040 pence, as part of its ongoing buyback program. This transaction reduces the total number of shares in circulation, potentially enhancing the value of remaining shares and reflecting the company’s confidence in its financial health. Investors in Auto Trader may find this move significant as it can impact share value and voting rights.
For further insights into GB:AUTO stock, check out TipRanks’ Stock Analysis page.
