BUZZ - Valvoline shares rise as stock repurchase program increases to $500 millions
路透社2026/09/29 14:11September 29 - ** Auto services provider Valvoline VVV.N saw its share price rise 3.7% to $29.54 in early trading on Tuesday, as the company plans to repurchase more of its own shares
** VVV said (link) it has increased its share buyback authorization by $175 million to $500 million
** The company stated that it expects to resume share buybacks after releasing its fiscal year results; the buyback authorization has no expiration date
** VVV's market capitalization is approximately $3.8 billion
** Despite the rise in share price, VVV shares are still down about 25% over the past three months and are up 1.7% year-to-date. The S&P 400 Auto Retail Index .SPMDCAUTR is up about 4% in 2026
** According to LSEG data, 13 out of 18 analysts rate the stock as "strong buy" or "buy," while 5 have a "hold" rating; the median price target is $45
(For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. As automated translation may be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of automated translations and provides them only for readers' convenience. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation functions.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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