Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest announcement is out from Vertu Motors ( (GB:VTU) ).
Vertu Motors has announced the purchase of 65,915 ordinary shares as part of its ongoing share buyback programme, which began in October 2018. This initiative has returned over £34.8 million to shareholders and reduced the company’s shares in issue by 16.5%, reflecting a strategic effort to enhance shareholder value and optimize the company’s capital structure.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating a network of 198 sales outlets primarily under the Bristol Street Motors, Vertu, and Macklin Motors brands. Founded in 2006, the company focuses on consolidating the UK motor retail sector through acquisitions and organic growth to enhance operational efficiencies across its 195 franchised and 3 non-franchised sales outlets.
YTD Price Performance: -5.41%
Average Trading Volume: 654,140
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £172.6M
Find detailed analytics on VTU stock on TipRanks’ Stock Analysis page.
