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Auto Trader ( (GB:AUTO) ) has issued an update.
Auto Trader Group plc announced the repurchase of 368,146 of its ordinary shares at an average price of 809.6608 pence per share, as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, reflects the company’s strategy to manage its capital structure and return value to shareholders, impacting the total number of voting rights and shares in issue.
The most recent analyst rating on (GB:AUTO) stock is a Sell with a £7.77 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 demonstrates strong financial performance, with robust growth and profitability. Strategic share buybacks further enhance shareholder value. However, technical indicators suggest caution due to potential overvaluation, and the high P/E ratio reflects pricing concerns. Despite these challenges, the company’s strategic initiatives and solid financial health provide a stable foundation for long-term growth.
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 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.
Average Trading Volume: 3,276,784
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.17B
See more data about AUTO stock on TipRanks’ Stock Analysis page.