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Auto Trader ( (GB:AUTO) ) has provided an update.
Auto Trader Group plc announced the repurchase of 305,000 of its ordinary shares, which were bought for cancellation at an average price of 768.1353p per share. This transaction is part of the company’s ongoing buyback program and reflects its strategic focus on optimizing capital structure and returning value to shareholders. The cancellation of these shares reduces the total number of voting rights in the company, impacting shareholders’ calculations under the FCA’s Disclosure Guidance and Transparency Rules.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, focusing on providing digital automotive marketplace platforms. The company primarily offers services that facilitate buying and selling new and used cars, catering to a broad market of automotive consumers and dealers.
YTD Price Performance: 0.19%
Average Trading Volume: 2,449,507
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £7.02B
For detailed information about AUTO stock, go to TipRanks’ Stock Analysis page.
