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Auto Trader ( (GB:AUTO) ) has issued an announcement.
Auto Trader Group plc has repurchased 584,955 of its ordinary shares at an average price of 611.27 pence per share through Deutsche Bank AG, London Branch, as part of its share buyback program. This move reduces the total share count and voting rights available, signaling a strategic step to enhance shareholder value and optimize capital structure within the broader market environment.
The most recent analyst rating on (GB:AUTO) stock is a Buy with a £669.00 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 strong financial performance and strategic share buybacks are significant positives, supporting a stable outlook. However, weak technical indicators and challenges in certain revenue streams slightly temper the overall score.
To see Spark’s full report on GB:AUTO stock, click here.
More about Auto Trader
Auto Trader Group plc is a prominent company in the automotive industry, offering a marketplace platform that facilitates buying and selling vehicles. The company is a leading name in the UK, focusing on digital innovation and data-driven solutions for automakers, dealers, and individual buyers.
Average Trading Volume: 3,733,376
Technical Sentiment Signal: Sell
Current Market Cap: £5.17B
See more data about AUTO stock on TipRanks’ Stock Analysis page.