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An update from Auto Trader ( (GB:AUTO) ) is now available.
Auto Trader Group plc has announced a buyback of 281,100 of its ordinary shares, executed through Merrill Lynch International, at an average price of 773.4007 pence per share. This transaction reduces the total number of shares in circulation and is part of a strategic move to enhance shareholder value, potentially impacting the company’s market positioning by consolidating its share base.
The most recent analyst rating on (GB:AUTO) stock is a Buy with a £916.00 price target. To see the full list of analyst forecasts on Auto Trader stock, see the GB:AUTO Stock Forecast page.
Spark’s Take on GB:AUTO Stock
According to Spark, TipRanks’ AI Analyst, GB:AUTO is a Outperform.
Auto Trader’s overall stock score is driven by its strong financial performance and positive earnings call highlights, including revenue growth and successful product launches. The valuation is moderate, and technical analysis shows a neutral trend. Challenges such as the digital services tax and declining used car prices are noted but do not significantly detract from the company’s robust market position.
To see Spark’s full report on GB:AUTO stock, click here.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, focusing on the digital marketplace for buying and selling vehicles. The company provides a platform that connects car buyers and sellers, offering services that facilitate vehicle transactions.
Average Trading Volume: 1,893,833
Technical Sentiment Signal: Buy
Current Market Cap: £7.01B
See more insights into AUTO stock on TipRanks’ Stock Analysis page.