Having just upgraded FY’16 EPS forecasts by 11% (part year effect), and FY’17 by 19%, on the back of the acquisition announcement on Monday, we did not anticipate further upgrades today. Nonetheless, the positive start to the year is encouraging and underpins confidence in these increased forecasts. Of note is the update on its Used vehicle division, where LFL sales and increased GPPU metrics are significantly enhancing segmental profits and RoI. Fair value is estimated to be c95p/share, with ri ....
