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An announcement from Auto Trader ( (GB:AUTO) ) is now available.
Auto Trader Group plc announced the repurchase of 67,550 of its ordinary shares at an average price of 797.0805 pence per share, as part of its ongoing buyback program. This transaction, executed through Merrill Lynch International, is part of the company’s strategy to manage its capital structure and return value to shareholders, impacting the total number of voting rights and shares in issue.
The most recent analyst rating on (GB:AUTO) stock is a Buy with a £923.00 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 primary drivers of its high score. The company’s robust market position and successful product launches further enhance its prospects. However, the high valuation and challenges in vehicle pricing 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 provides a platform for consumers and retailers to connect, facilitating vehicle transactions and offering related services.
Average Trading Volume: 2,163,253
Technical Sentiment Signal: Buy
Current Market Cap: £6.85B
For a thorough assessment of AUTO stock, go to TipRanks’ Stock Analysis page.