The latest update is out from Vertu Motors ( (GB:VTU) ).
Vertu Motors PLC announced the repurchase of 101,042 ordinary shares as part of its ongoing share buyback program, which began in 2018. This initiative has returned over £36.5 million to shareholders and reduced the company’s shares in issue by 17.3%, reflecting a strategic effort to enhance shareholder value and optimize capital structure.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating a network of 200 sales outlets under the Bristol Street Motors and Vertu brand names. Established in 2006, the company aims to consolidate the UK motor retail sector through acquisitions and organic growth, focusing on operational efficiencies across its national dealership network.
YTD Price Performance: -14.89%
Average Trading Volume: 483,743
Technical Sentiment Signal: Buy
Current Market Cap: £161.2M
See more data about VTU stock on TipRanks’ Stock Analysis page.