Vertu Motors (LON:VTU) Announces Quarterly Earnings Results

Vertu Motors (LON:VTU) posted its quarterly earnings results on Wednesday. The company reported GBX 4.62 earnings per share for the quarter, Digital Look Earnings reports. Vertu Motors had a net margin of 0.30% and a return on equity of 4.05%. The business had revenue of GBX 483.38 billion during the quarter.

Vertu Motors Stock Performance

Shares of VTU stock opened at GBX 63.60 on Friday. The firm’s 50 day moving average price is GBX 61.23 and its 200-day moving average price is GBX 62.30. The company has a debt-to-equity ratio of 64.98, a quick ratio of 0.26 and a current ratio of 1.02. Vertu Motors has a one year low of GBX 55 and a one year high of GBX 67. The firm has a market cap of £196.22 million, a P/E ratio of 13.33 and a beta of 0.66.

Analysts Set New Price Targets

Several analysts have recently weighed in on VTU shares. Stifel Nicolaus dropped their price target on shares of Vertu Motors from GBX 78 to GBX 76 and set a “buy” rating for the company in a research note on Thursday, March 5th. Shore Capital Group reissued a “house stock” rating on shares of Vertu Motors in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Vertu Motors has an average rating of “Buy” and an average target price of GBX 76.

Insider Activity at Vertu Motors

In other news, insider Karen Anderson sold 524,839 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of GBX 65, for a total value of £341,145.35. Also, insider David Crane sold 1,041,147 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of GBX 65, for a total transaction of £676,745.55. Over the last 90 days, insiders sold 1,580,026 shares of company stock worth $102,701,690. Company insiders own 4.38% of the company’s stock.

About Vertu Motors

Vertu Motors plc operates as an automotive retailer in the United Kingdom. The company sells new and used cars and motorcycles, vans, motability cars, and commercial vehicles, as well as provides related aftersales services. It operates chain of franchised dealerships offering sales, service, parts, and bodyshop facilities for new and used cars, and commercial vehicles under the Bristol Street Motors, Macklin Motors, and Vertu Motors. The company's franchise dealerships include Audi, BMW, Honda, Jaguar, Jeep, Kia, Volvo, Land Rover, Mercedes-Benz, Mercedes-AMG, MINI, smart, Volkswagen, Citroen, CUPRA, Dacia, DS, Ford, Hyundai, MG, Nissan, Peugeot, Renault, SEAT, SKODA, Vauxhall, Ford, Mazda, and Toyota.