Valvoline director Kruse sells $136,846 in common stock

Published 25/02/2025, 22:08
Valvoline director Kruse sells $136,846 in common stock

LEXINGTON, KY— Valvoline Inc . (NYSE:VVV), currently trading at $37.45 with a market cap of $4.75 billion, recently disclosed that Carol H. Kruse, a member of its board of directors, executed a significant stock transaction. According to a filing with the Securities and Exchange Commission, Kruse sold 3,740 shares of Valvoline common stock on February 24, 2025. The shares were sold at a price of $36.59 each, resulting in a total transaction value of $136,846. Following this sale, Kruse no longer holds any shares in the company. InvestingPro analysis shows the company maintains a "GOOD" overall financial health score, though analysts have recently revised earnings expectations downward.

This transaction was carried out under a pre-established trading plan, often referred to as a 10b5-1 plan, which allows insiders to set up a schedule for selling stocks to avoid potential conflicts of interest. Valvoline, known for its automotive lubricants and services, continues to be a significant player in the energy and transportation sector. According to InvestingPro, the company’s short-term obligations currently exceed its liquid assets, a factor investors should monitor closely. Get access to 6 additional ProTips and comprehensive insider trading analysis with InvestingPro’s detailed research report.

In other recent news, Valvoline Inc. reported first-quarter earnings and revenue that exceeded analyst expectations. The company posted adjusted earnings per share of $0.32, surpassing the consensus estimate of $0.30. Revenue reached $414 million, outpacing analyst projections of $396.83 million and marking an 11% year-over-year growth. System-wide same-store sales increased by 8.0% compared to the same quarter last year, while system-wide store sales grew 14% to $820 million. Valvoline added 35 new stores during the quarter, including 14 franchise locations, and adjusted EBITDA rose by 14% to $103 million. The company maintained its full-year guidance, with management expressing confidence in meeting these targets. Valvoline aims to expand its store network to over 3,500 locations through new builds, acquisitions, and franchise partner development. The company concluded the quarter with 2,045 total system-wide stores and returned $39 million to shareholders through share repurchases.

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