Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Auto Trader ( (GB:AUTO) ) has provided an announcement.
Auto Trader Group plc has announced a share buyback transaction, purchasing 670,000 of its ordinary shares at an average price of 597.0001 pence per share through Deutsche Bank AG, London Branch. This transaction reduces the total number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health to its stakeholders.
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 operates in the automotive industry, primarily focusing on the online marketplace for buying and selling new and used vehicles. The company provides a digital platform that connects buyers and sellers, offering a range of services to facilitate vehicle transactions.
Average Trading Volume: 3,416,395
Technical Sentiment Signal: Sell
Current Market Cap: £5.18B
See more data about AUTO stock on TipRanks’ Stock Analysis page.