TRA - Turners Automotive Group [previously TNR - Turners Limited]

[winner69]

Só 1,000 or more ‘extra’ sales for Turners as they get replaced

But if Turners market share grows could be 2000 more sales

Cool

[Rawz]

The Napier branch will be busy for the remainder of the year. Not only for used vehicle sales but also the insurance write off auctions

[Ggcc]

http://research.iress.com.au/IDS/old...091850000&ppv=

Good to see that’s heading in the right direction

[Onemootpoint]

At least the media appear to be putting the word out to consumers on the issue:


https://www.stuff.co.nz/motoring/131...s-after-floods

[Rawz]

FY23 Profit Guidance
Following consistent trading results over the summer months, including
ongoing strength in Auto Retail, Turners Automotive Group (NZX: TRA)
reiterates the guidance given at the HY23 results announcement. In November
we expected profits to be at or slightly above the FY22 record result. The
company is now on track for FY23 profit before tax to be at least $44.0m
(FY22: $43.1m).

Trading in Q423 has seen no significant change to the market dynamics we were
experiencing in Q3:

o Auto retail: Car sales in our business continue to hold up well, market
share continues to grow across new and existing sites, margins are stable.
Site expansion strategy working well and developing a pipeline of further
opportunities.
o Finance: The impact of a higher interest rate environment is increasing,
the expected deterioration in arrears occurred over December and January,
however the loan book is stable and arrears improved in February.
o Insurance: Claims continue to track below expectations and investment
returns improving.
o Credit: Debt load recovering, but more slowly than expected.

Our Damaged and End of Life Vehicle Division operational teams in Auckland
and the Hawke's Bay are busy supporting our insurance vendors to de-register
and sell these insurance write-offs for parts and recycling. Replacement
demand for damaged cars, combined with the supply restrictions caused by the
Clean Car Standard is expected to be inflationary for used vehicle pricing
and margins.

[Rawz]

Looks good. Its a buy!

[Louloubell]

It is good news all around for the business and my only surprise is that the share price hasn't shot up more. I topped up yesterday, more good luck than management.

[Onemootpoint]

Was there any doubt? Looks very positive.

[jg8512]

strong, positive announcement.

Bit surprising tbh with the housing market in the doldrums (https://www.interest.co.nz/property/...-any-time-soon) 430,000 NZers behind in their debt repayments (https://www.interest.co.nz/personal-...tting-pressure), and interest rates at their highest level for years. For how long, can Turners keep defying the macro-economic trends?

[Ricky-bobby]

strong, positive announcement.

Bit surprising tbh with the housing market in the doldrums (https://www.interest.co.nz/property/...-any-time-soon) 430,000 NZers behind in their debt repayments (https://www.interest.co.nz/personal-...tting-pressure), and interest rates at their highest level for years. For how long, can Turners keep defying the macro-economic trends?

It’s prob the last couple months dramas have given them enough comfort to make the announcement…