The latest update is out from Vertu Motors ( (GB:VTU) ).
Vertu Motors has repurchased 102,200 ordinary shares as part of its ongoing share buyback program, which began in October 2018, returning over £36.4 million to shareholders and reducing shares in issue by 17.2%. This move is part of Vertu’s strategy to enhance shareholder value and optimize its capital structure, with further announcements expected as the buyback program progresses.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating 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: -8.46%
Average Trading Volume: 468,030
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £172M
Learn more about VTU stock on TipRanks’ Stock Analysis page.