Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Auto Trader ( (GB:AUTO) ) is now available.
Auto Trader Group plc announced a share buyback transaction, purchasing 266,242 of its ordinary shares for cancellation at an average price of 812.7696 pence per share. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock liquidity and market perception.
The most recent analyst rating on (GB:AUTO) stock is a Buy with a £904.00 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 positive earnings call are significant strengths, supporting a solid overall score. Technical analysis indicates some short-term uncertainty, and valuation metrics suggest moderate pricing. The absence of notable corporate events keeps the focus on core financial and operational metrics.
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 digital marketplace for buying and selling new and used cars. It provides a platform for consumers, retailers, and manufacturers to connect, facilitating vehicle transactions and offering automotive-related services.
Average Trading Volume: 1,818,413
Technical Sentiment Signal: Buy
Current Market Cap: £7B
Find detailed analytics on AUTO stock on TipRanks’ Stock Analysis page.