Vertu has released an unscheduled trading update, delivering another earnings upgrade to 2022E, this time in excess of 30%. This is driven by the strength of the used car market, although we believe Vertu is outperforming particularly in terms of securing supply. We believe the shares remain significantly undervalued, and that it remains well placed in the sector.
29 Jul 2021
Vertu Motors PLC (VTU LN) - Another upgrade
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Vertu Motors PLC (VTU LN) - Another upgrade
Vertu Motors PLC (VTU:LON) | 67.3 0.5 1.0% | Mkt Cap: 227.2m
- Published:
29 Jul 2021 -
Author:
Rachel Birkett, CFA -
Pages:
8
Vertu has released an unscheduled trading update, delivering another earnings upgrade to 2022E, this time in excess of 30%. This is driven by the strength of the used car market, although we believe Vertu is outperforming particularly in terms of securing supply. We believe the shares remain significantly undervalued, and that it remains well placed in the sector.