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Auto Trader ( (GB:AUTO) ) has shared an update.
Auto Trader Group plc announced the purchase of 245,000 of its own ordinary shares for cancellation at an average price of 817.7081 pence per share, through Merrill Lynch International. This transaction reduces the total number of voting rights in the company, reflecting Auto Trader’s ongoing commitment to optimizing its capital structure and potentially increasing shareholder value. The buyback may influence market perceptions by showcasing the company’s confidence in its financial health and future prospects.
More about Auto Trader
Auto Trader Group plc is a leading company in the automotive industry, primarily providing a digital marketplace for buying and selling new and used cars. The company focuses on connecting car buyers and sellers across the UK, leveraging its extensive online platform to enhance the automotive trading experience.
YTD Price Performance: 15.62%
Average Trading Volume: 2,462,264
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £7.33B
See more data about AUTO stock on TipRanks’ Stock Analysis page.
