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Auto Trader ( (GB:AUTO) ) has shared an update.
Auto Trader Group plc announced the repurchase of 296,074 of its ordinary shares for cancellation, executed through Merrill Lynch International at an average price of 769.4546 pence per share. This transaction reduces the total number of voting rights in the company to 865,766,812, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:AUTO) stock is a Buy with a £880.00 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 overall stock score is driven by its strong financial performance and positive earnings call, highlighting growth and market leadership. However, mixed technical indicators and a high P/E ratio suggest caution. The absence of significant corporate events further consolidates the focus on core financial and operational metrics.
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 buying and selling of vehicles through its online marketplace platform. The company is a leading digital automotive marketplace in the UK, providing a platform for consumers to buy and sell new and used cars.
Average Trading Volume: 1,872,675
Technical Sentiment Signal: Hold
Current Market Cap: £6.75B
Learn more about AUTO stock on TipRanks’ Stock Analysis page.