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An update from Auto Trader ( (GB:AUTO) ) is now available.
Auto Trader Group plc announced the repurchase of 297,000 of its ordinary shares for cancellation at an average price of 792.7302 pence per share, as part of its ongoing buyback program. This transaction reduces the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating the company’s confidence in its financial health, which may positively impact shareholder value.
The most recent analyst rating on (GB:AUTO) stock is a Sell with a £7.10 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 positive earnings call are significant strengths, supporting a solid overall score. Technical analysis indicates some short-term uncertainty, and valuation metrics suggest moderate pricing. The absence of notable corporate events keeps 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 in the automotive industry, focusing on the buying and selling of vehicles. The company provides a digital marketplace for consumers and retailers to connect, facilitating vehicle transactions.
Average Trading Volume: 1,722,134
Technical Sentiment Signal: Buy
Current Market Cap: £7.01B
For detailed information about AUTO stock, go to TipRanks’ Stock Analysis page.