Vertu Motors ( (GB:VTU) ) has issued an update.
Vertu Motors announced the repurchase of 20,000 ordinary shares as part of its ongoing share buyback program, which has returned over £36.5 million to shareholders since 2018. This transaction reduces the company’s shares in issue by 17.3%, impacting the company’s market positioning by potentially increasing shareholder value and altering shareholding structures.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating 198 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
For a thorough assessment of VTU stock, go to TipRanks’ Stock Analysis page.