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TURNERS AUTOMOTIVE GROUP LIMITED (ASX:TRA)

ALERT: Price-sensitive ASX Announcement for TRA
Current share price for TRA : $7.030 1.88 (36.50%)+
Announcement
Release
25 Aug 2025 7:45AM
Price at Release
$5.150
Full Release
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Summary
Turners Automotive Group Limited (TRA) announced that it is tracking for earnings growth of more than 10% for the 2024 financial year, driven by positive results across its Automotive Retail, Finance, and Insurance segments. The company attributes its performance to strong demand for used vehicles, disciplined inventory management, growth in finance receivables, and solid insurance results with improved claims ratios. Turners continues to maintain a robust balance sheet and low gearing, enabling ongoing growth and shareholder capital returns through dividends and a share buyback program. The management remains optimistic about the company’s future, with expectations of continued strong earnings into the next financial year.
Key Points
  • Turners Automotive Group Limited (TRA) is tracking for 10% plus earnings growth in FY24.
  • The company reported positive trading results in all three segments: Automotive Retail, Finance, and Insurance.
  • Turners is benefiting from strong demand for used cars and effective inventory management in a constrained supply environment.
  • Finance receivables are growing, and arrears remain within normal levels.
  • Insurance performance is healthy, supported by improved claims ratios and premium growth.
  • The company has a strong balance sheet and low gearing, positioning it well for further growth.
  • Turners is returning capital to shareholders via dividends and a share buyback program.
  • Management remains confident in the company’s outlook and expects continued earnings momentum into FY25.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.