3 November 2015 – trading update
The leading motor retail group has confirmed that trading has continued to be strong in the three months to 30 September with like-for-like pre-tax profit up by 6.6%. The company is benefitting from a strong market for both new and used cars whilst aftersales, which is the group’s most profitable business, saw gross profits increase by 3.8%. The group’s financial position remains strong and the company is continuing to expand. With current year trading continuing to be in line with forecasts we maintain our recommendation of BUY.