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Auto Trader ( (GB:AUTO) ) just unveiled an announcement.
Auto Trader Group plc has executed a buyback of 350,000 ordinary shares at an average price of 768.2907p per share, a move that reduces the number of shares in circulation and potentially increases shareholder value. This transaction is part of a structured buyback program and affects the total number of voting rights, indicating a strategic financial maneuver to optimize capital structure and return value to shareholders.
More about Auto Trader
Auto Trader Group plc operates in the automotive industry, primarily offering an online marketplace for buying and selling vehicles. The company focuses on providing digital solutions to consumers and businesses for vehicle transactions in the UK.
YTD Price Performance: -2.47%
Average Trading Volume: 2,557,156
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.83B
See more insights into AUTO stock on TipRanks’ Stock Analysis page.
