An update from Vertu Motors ( (GB:VTU) ) is now available.
Vertu Motors has repurchased 50,000 ordinary shares as part of its ongoing share buyback programme, which began in October 2018 and has returned over £35.6 million to shareholders, reducing the company’s shares in issue by 16.9%. This strategic move is expected to enhance shareholder value and reflects the company’s strong financial position and commitment to returning capital to its investors.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating 199 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: -9.81%
Average Trading Volume: 415,746
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £171.8M
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