Next stop $5: Turners pushes profits up 26%

Turners' subscription platform lends itself to EV 'test drives'. (Image: supplied)

Thu, 18 Nov 2021

Turners Automotive continues to steer a course for its target $5 share price, driven by improving trading results across its retail and finance arms. The country's biggest auto group unveiled its share valuation roadmap in May, and its share price has gained 62% over the past year, today trading at $4.52. It's likely to improve its investor rating further with another healthy performance for the six months to September, with a jump in car sales underpinning a 26% improvement in net profit after tax to $16.9 million.The group h...

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