Auto Trader ( (GB:AUTO) ) has issued an update.
Auto Trader Group plc announced the repurchase of 260,000 of its ordinary shares for cancellation at an average price of 756.7541p per share. This buyback is part of the company’s ongoing strategy to manage its capital structure and return value to shareholders, potentially enhancing its market position and investor confidence.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, primarily focusing on digital automotive marketplaces. The company provides a platform for buying and selling new and used cars, catering to both consumers and dealers.
YTD Price Performance: -5.51%
Average Trading Volume: 2,790,677
Technical Sentiment Signal: Sell
Current Market Cap: £6.57B
For detailed information about AUTO stock, go to TipRanks’ Stock Analysis page.