Auto Trader ( (GB:AUTO) ) has issued an update.
Auto Trader Group plc has executed a share buyback program, purchasing 271,200 of its ordinary shares for cancellation at an average price of 749.423p per share. This transaction is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding, which could positively impact earnings per share and market perception.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, primarily focusing on the buying and selling of vehicles through its online marketplace platform. The company is a leading digital automotive marketplace in the UK, connecting buyers and sellers of new and used cars.
YTD Price Performance: -4.19%
Average Trading Volume: 2,799,702
Technical Sentiment Signal: Sell
Current Market Cap: £6.66B
For detailed information about AUTO stock, go to TipRanks’ Stock Analysis page.