Turners Automotive Group Raises Fiscal 2026 Profit Outlook on Strong Summer Trading

MT Newswires Live

13 hours ago

Turners Automotive Group (NZE:TRA, ASX:TRA) raised its fiscal 2026 net profit before tax forecast to about NZ$63 million from around NZ$60 million, driven by strong summer trading across its core businesses and bringing it closer to its NZ$65 million target for fiscal 2028, according to a Thursday filing with the Australian and New Zealand bourses.

The company's auto retail division saw higher sales and margins from disciplined purchasing and pricing, while its finance arm delivered record lending and gained market share without weakening credit quality, per the filing.

The company also reviewed its smaller, non-core EC Credit unit and anticipates recording a non-cash goodwill write-down ranging between NZ$7 million and NZ$9 million, the filing added.

The company's Kiwi shares rose past 2% in recent Thursday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2620298642"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2620298642\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2620298642?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-19 05:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2620298642","market":"us","top_or_hot":-1,"title":"Turners Automotive Group Raises Fiscal 2026 Profit Outlook on Strong Summer Trading","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/TRA.AU\">Turners Automotive</a> Group (NZE:TRA, ASX:TRA) raised its fiscal 2026 net profit before tax forecast to about NZ$63 million from around NZ$60 million, driven by strong summer trading across its core businesses and bringing it closer to its NZ$65 million target for fiscal 2028, according to a Thursday filing with the Australian and New Zealand bourses.</p><p>The company's auto retail division saw higher sales and margins from disciplined purchasing and pricing, while its finance arm delivered record lending and gained market share without weakening credit quality, per the filing.</p><p>The company also reviewed its smaller, non-core EC Credit unit and anticipates recording a non-cash goodwill write-down ranging between NZ$7 million and NZ$9 million, the filing added.</p><p>The company's Kiwi shares rose past 2% in recent Thursday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Turners Automotive Group Raises Fiscal 2026 Profit Outlook on Strong Summer Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTurners Automotive Group Raises Fiscal 2026 Profit Outlook on Strong Summer Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-03-19 05:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/TRA.AU\">Turners Automotive</a> Group (NZE:TRA, ASX:TRA) raised its fiscal 2026 net profit before tax forecast to about NZ$63 million from around NZ$60 million, driven by strong summer trading across its core businesses and bringing it closer to its NZ$65 million target for fiscal 2028, according to a Thursday filing with the Australian and New Zealand bourses.</p><p>The company's auto retail division saw higher sales and margins from disciplined purchasing and pricing, while its finance arm delivered record lending and gained market share without weakening credit quality, per the filing.</p><p>The company also reviewed its smaller, non-core EC Credit unit and anticipates recording a non-cash goodwill write-down ranging between NZ$7 million and NZ$9 million, the filing added.</p><p>The company's Kiwi shares rose past 2% in recent Thursday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TRA.AU","symbol_name":"TURNERS AUTOMOTIVE GROUP LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2620298642","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620298642","pubTimestamp":1773869970,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Turners Automotive Group  raised its fiscal 2026 net profit before tax forecast to about NZ$63 million from around NZ$60 million, driven by strong summer trading across its core businesses and bringing it closer to its NZ$65 million target for fiscal 2028, according to a Thursday filing with the Australian and New Zealand bourses.The company's auto retail division saw higher sales and margins from disciplined purchasing and pricing, while its finance arm delivered record lending and gained market share without weakening credit quality, per the filing.The company also reviewed its smaller, non-core EC Credit unit and anticipates recording a non-cash goodwill write-down ranging between NZ$7 million and NZ$9 million, the filing added.The company's Kiwi shares rose past 2% in recent Thursday trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TRA.AU":"TURNERS AUTOMOTIVE GROUP LTD","BK7143":"汽车零售"},"translate_title":"特纳汽车集团因夏季交易强劲而上调2026财年利润预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TRA.AU":1},"content_text":"Turners Automotive Group (NZE:TRA, ASX:TRA) raised its fiscal 2026 net profit before tax forecast to about NZ$63 million from around NZ$60 million, driven by strong summer trading across its core businesses and bringing it closer to its NZ$65 million target for fiscal 2028, according to a Thursday filing with the Australian and New Zealand bourses.The company's auto retail division saw higher sales and margins from disciplined purchasing and pricing, while its finance arm delivered record lending and gained market share without weakening credit quality, per the filing.The company also reviewed its smaller, non-core EC Credit unit and anticipates recording a non-cash goodwill write-down ranging between NZ$7 million and NZ$9 million, the filing added.The company's Kiwi shares rose past 2% in recent Thursday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}