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 the repurchase of 550,154 of its ordinary shares for cancellation at an average price of 597.8009 pence per share. This buyback, executed through Deutsche Bank AG, London Branch, is part of the company’s ongoing strategy to manage its capital structure and return value to shareholders. Following this transaction, the total number of voting rights in the company is 849,476,224, which may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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 digital automotive marketplaces. The company provides a platform for buying and selling new and used vehicles, catering to both consumers and automotive retailers.
Average Trading Volume: 3,630,479
Technical Sentiment Signal: Sell
Current Market Cap: £5.1B
See more insights into AUTO stock on TipRanks’ Stock Analysis page.