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An announcement from Vertu Motors ( (GB:VTU) ) is now available.
Vertu Motors has repurchased 55,000 ordinary shares as part of its share buyback program, which has returned over £34.5 million to shareholders since 2018, reducing the company’s shares in issue by 16.4%. This move is part of Vertu’s strategy to enhance shareholder value and manage its capital structure, impacting its market positioning and shareholder equity.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating 198 sales outlets under brands including Bristol Street Motors, Vertu, and Macklin Motors. Established in 2006, the company focuses on consolidating the UK motor retail sector through acquisitions and organic growth, enhancing operational efficiencies across its national dealership network.
YTD Price Performance: -10.50%
Average Trading Volume: 735,258
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £201.1M
See more data about VTU stock on TipRanks’ Stock Analysis page.
