4 September 2025 - trading update
The leading automotive retailer has issued a trading update covering the five months to 31 July. This has confirmed that strong used car sales and a solid performance by the after sales business (servicing, repairs etc) has been offset by pressure on new car sales. Although the company maintains it is on track to meet full year forecasts, the outlook is unexciting and so we maintain our recommendation of HOLD.
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