The latest announcement is out from Auto Trader ( (GB:AUTO) ).
Auto Trader Group plc announced the repurchase of 200,838 of its ordinary shares for cancellation at an average price of 755.5979p per share. This transaction is part of the company’s ongoing buyback program, which aims to optimize its capital structure and enhance shareholder value. The repurchase reduces the total number of shares in issue, potentially increasing the value of remaining shares and demonstrating the company’s confidence in its financial health.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, focusing on providing a digital marketplace for buying and selling new and used cars. The company is a leading player in the UK market, offering services that connect car buyers and sellers through its online platform.
YTD Price Performance: -4.60%
Average Trading Volume: 2,638,794
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.63B
Learn more about AUTO stock on TipRanks’ Stock Analysis page.