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Eagers Automotive Limited ( (AU:APE) ) has issued an announcement.
Eagers Automotive Limited has announced the finalization of a share buy-back program, having repurchased 100,000 ordinary fully paid securities for a total consideration of AUD 995,160. The company has also initiated a new on-market share buy-back program, set to run from July 1, 2025, to June 30, 2026. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure, reflecting a strategic approach to managing its financial resources.
The most recent analyst rating on (AU:APE) stock is a Hold with a A$11.51 price target. To see the full list of analyst forecasts on Eagers Automotive Limited stock, see the AU:APE Stock Forecast page.
More about Eagers Automotive Limited
Eagers Automotive Limited operates in the automotive industry, focusing on the sale and distribution of vehicles. The company is known for its extensive network of dealerships and its commitment to providing a wide range of automotive products and services to its customers.
Average Trading Volume: 626,670
Technical Sentiment Signal: Buy
Current Market Cap: A$4.49B
Find detailed analytics on APE stock on TipRanks’ Stock Analysis page.