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

[bull....]

share price topped out ? anyway i see used car prices have started there decline again recently in the US , i believe we do have a correlation to them

released this week used car prices in the US still falling

https://site.manheim.com/en/services...lue-index.html

[alokdhir]

How many days to Index Inclusion announcement ? W69 is counting it by seconds I am sure ...maybe first is 22nd HY results ...which they have already flagged is better then anticipation ...they have announced a floor but upside surprise is still OPEN ...so still good chance of that .

W69 here and Mr B there getting super excited ...

.https://www.tradingview.com/symbols/NZX-TRA/technicals/

[Muse]

Not sure if I am stretching here but wonder if 2CC’s new focus on margin and lift in their pricing is having a positive impact on TRA and their volumes. Appreciate they play in slightly different segments and price points but can’t be a bad thing having one of the larger competitors lifting their prices.

[Jonette]

Not sure if I am stretching here but wonder if 2CC’s new focus on margin and lift in their pricing is having a positive impact on TRA and their volumes. Appreciate they play in slightly different segments and price points but can’t be a bad thing having one of the larger competitors lifting their prices.

2CC is way too small to impact Turners. Turners have close to 10% of the NZ second hand market, 2CC would be lucky to have 1%.

[Rawz]

2CC is way too small to impact Turners. Turners have close to 10% of the NZ second hand market, 2CC would be lucky to have 1%.

pretty sure i read in one of their reports they have 7% market share

[Rawz]

2CC is way too small to impact Turners. Turners have close to 10% of the NZ second hand market, 2CC would be lucky to have 1%.

pretty sure i read in one of their reports they have 7% market share

less than i thought- i assume they are talking about the used car market when they say 4.5%. not of the total market

https://www.nzx.com/announcements/412150

2 Cheap Cars grew its market share for the 12 months to 4.5% , up from 4.4% in the same period last year.
The business sold 8,367 vehicles in FY23 which is up 6% on the same period last year.

[winner69]

Yes to March 23 2CC reported 8,367 sales

Turners reported 19,500 sales plus another 18,500 from auctions

Suppose it’s what market segment you use to calculate market share

[Muse]

Thanks all. My thought probably was a stretch.

[Louloubell]

Volume of shares traded is increasing. The big boys buying prior to inclusion in the NZ50?

[alokdhir]

I am failing to understand the psyche of big sellers these days ? What thoughts they have to sell just before two super positive announcements ??

Fails me completely !! Any logical explanations can update my knowledge of the markets behaviour please