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Auto Trader ( (GB:AUTO) ) has shared an announcement.
Auto Trader Group plc has announced a share buyback, purchasing 290,383 of its ordinary shares for cancellation at an average price of 768.5882 pence per share. This transaction, conducted through Merrill Lynch International, reduces the total number of shares in issue, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
The most recent analyst rating on (GB:AUTO) stock is a Buy with a £880.00 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, highlighting growth and market leadership. However, mixed technical indicators and a high P/E ratio suggest caution. The absence of significant corporate events further consolidates the focus on core financial and operational metrics.
To see Spark’s full report on GB:AUTO stock, click here.
More about Auto Trader
Auto Trader Group plc operates within the automotive industry, primarily focusing on digital automotive marketplaces. The company provides a platform for buying and selling vehicles, catering to both consumers and automotive retailers.
Average Trading Volume: 1,962,256
Technical Sentiment Signal: Sell
Current Market Cap: £6.64B
See more data about AUTO stock on TipRanks’ Stock Analysis page.