BUZZ - Valvoline shares rise as stock repurchase program increases to $500 millions

September 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

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