New insider activity at Valvoline ( (VVV) ) has taken place on February 28, 2025.
Julie Marie O’Daniel, the Chief Legal Officer at Valvoline, has recently sold 6,000 shares of the company’s stock, amounting to a total transaction value of $224,400.
Recent Updates on VVV stock
Valvoline Inc. has announced its agreement to acquire OC IntermediateCo, which owns Breeze Autocare, for approximately $625 million. This acquisition is expected to significantly expand Valvoline’s market presence, bringing its total number of locations to over 2,200, and is projected to close in fiscal Q3 2025. The deal aims to accelerate Valvoline’s growth and enhance its cash flow profile. The acquisition will be funded with a newly issued Term Loan B, and Valvoline will pause its share repurchase activity, anticipating a net leverage ratio of 2.5x-3.5x within 24 months post-close. Additionally, Valvoline reported strong first-quarter results with an 11% increase in net revenues and significant profit growth, driven by strategic store expansions and refranchising efforts. These developments have led to an increase in the company’s price target by analysts, citing the strong financial performance and strategic initiatives as key factors.
More about Valvoline
YTD Price Performance: 3.18%
Average Trading Volume: 1,602,532
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.7B