Autotrader Group up in London as buyback plan and China brands fuel EPS hopes
Autotrader Group climbed in late London trade Monday. Investors got a look at a new buyback filing from the online marketplace. Some fresh numbers on surging Chinese car makers were also in focus as both helped balance slower short-term revenue growth at the company. Autotrader shares changed hands at 484.9 pence, up 1.4%. The FTSE 100 added 0.55%. Monday’s move still leaves Autotrader down about 43% from its 52-week high at 844.4 pence. That’s driven focus on how much capital the company can return and how strong its position remains.