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Auto Trader ( (GB:AUTO) ) has provided an update.
Auto Trader Group plc has announced the repurchase of 275,000 ordinary shares, which will be cancelled, at an average price of 794.4596p per share. This share buyback program is part of the company’s strategy to manage its capital structure and could potentially enhance shareholder value, impacting the total number of voting rights available to shareholders.
More about Auto Trader
Auto Trader Group plc operates in the automotive marketplace industry, primarily offering a platform for buying and selling new and used cars. The company focuses on connecting car buyers with sellers and providing a range of digital automotive services.
YTD Price Performance: -0.65%
Average Trading Volume: 2,421,770
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.96B
See more insights into AUTO stock on TipRanks’ Stock Analysis page.
