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Auto Trader ( (GB:AUTO) ) has provided an announcement.
Auto Trader Group plc has announced the repurchase of 438,574 of its ordinary shares for cancellation, at an average price of 753.4018 pence per share. This transaction is part of the company’s ongoing buyback program, which aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and enhancing shareholder value.
The most recent analyst rating on (GB:AUTO) stock is a Sell with a £770.00 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 the most significant factors contributing to its score. The company’s robust revenue growth, profitability, and strategic product launches position it well for future growth. However, mixed technical indicators and moderate valuation slightly temper the overall outlook.
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 vehicles. The company offers a platform that connects car buyers and sellers, providing services that facilitate vehicle transactions.
Average Trading Volume: 2,422,676
Technical Sentiment Signal: Sell
Current Market Cap: £6.48B
For an in-depth examination of AUTO stock, go to TipRanks’ Overview page.