14 February 2017 – final results

In the year to 31 December 2016 revenue increased by £83.1m to £4.43bn, mainly due to increased contributions from the used vehicle department.  Profit before tax was £75.4m (2015: £70.1m) and earnings per share rose by 5.4% from 3.7p to 3.9p.  Net debt was £91.7m at 31 December 2016, an increase of £12.1m from a year earlier.  A final dividend of 0.75p per share takes the total for the year to 1.45p.  The shares continue to look cheap.  BUY.