Auto Trader (GB:AUTO) has released an update.
Auto Trader Group plc has actively bought back 170,000 of its own shares for cancellation, acquiring them at prices ranging from 696.8 to 702.2 pence each, signaling confidence in the company’s value. Following the transaction, the company’s issued share count stands at 904,833,190, with 4,878,846 shares held in treasury, adjusting the total voting rights to 899,954,344. The share repurchase was executed via Merrill Lynch International as part of Auto Trader’s buyback programme.
For further insights into GB:AUTO stock, check out TipRanks’ Stock Analysis page.
