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Vertu Motors ( (GB:VTU) ) has issued an announcement.
Vertu Motors announced the purchase of 51,627 ordinary shares as part of its ongoing share buyback program, which began in October 2018. The buyback initiative has returned over £34.7 million to shareholders, reducing shares in issue by 16.5% and potentially impacting shareholder interest calculations under FCA rules.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating 198 sales outlets primarily under the Bristol Street Motors, Vertu, and Macklin Motors brands. Established in November 2006, the company aims to consolidate the UK motor retail sector by acquiring motor retail operations to expand its dealership group. This strategy is supported by organic growth to enhance operational efficiencies across its national network.
YTD Price Performance: -7.78%
Average Trading Volume: 668,974
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £178.8M
For a thorough assessment of VTU stock, go to TipRanks’ Stock Analysis page.
