The latest update is out from Auto Trader ( (GB:AUTO) ).
Auto Trader Group plc has announced the repurchase of 195,000 of its ordinary shares for cancellation at an average price of 760.2407p per share. This transaction is part of a buyback program that aims to reduce the number of shares in circulation, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, primarily focusing on the digital marketplace for buying and selling new and used vehicles. The company provides a platform for consumers and retailers to connect, facilitating vehicle transactions and offering related services.
YTD Price Performance: -3.43%
Average Trading Volume: 2,621,098
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.72B
For detailed information about AUTO stock, go to TipRanks’ Stock Analysis page.