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Turners Automotive Group Ltd ( (AU:TRA) ) has issued an announcement.
Turners Automotive Group Ltd is on track to achieve over 10% earnings growth in the first half of FY26, despite economic challenges such as low consumer confidence and high unemployment. The company anticipates a record Net Profit Before Tax, driven by strong performance in its automotive retail, finance, and insurance divisions. The expansion of the Christchurch branch and a new marketing campaign are expected to enhance vehicle sales and margins. The finance division has seen significant loan book growth, while the insurance business benefits from new distribution channels. However, the credit management sector faces increased consumer arrears due to the struggling New Zealand economy. Turners remains confident in its growth strategy and aims to achieve its mid-term financial targets ahead of schedule.
More about Turners Automotive Group Ltd
Turners Automotive Group Ltd operates in the automotive industry, focusing on automotive retail, finance, insurance, and credit management services. The company is known for its vehicle sales, financial services, and insurance products, with a market focus on New Zealand.
Average Trading Volume: 112
Technical Sentiment Signal: Buy
Current Market Cap: A$559.6M
For detailed information about TRA stock, go to TipRanks’ Stock Analysis page.