Contrary to fears of a disaster, Lookers has delivered an excellent trading update with positive LFL GP performance in all 3 business segments including New. Not only this but management has indicated some support from its OEMs in response to the weaker new car market, which will help to “reduce operating costs” and help “offset the effect of lower new car volumes going forward”. This performance puts it on track to meet market forecasts, meaning no further downgrades as feared, and potential sc ....

09 Nov 2017
N+1 Singer - Lookers - Encouraging Q3 and YTD trading underpins f/casts. Buybacks planned

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N+1 Singer - Lookers - Encouraging Q3 and YTD trading underpins f/casts. Buybacks planned
- Published:
09 Nov 2017 -
Author:
Matthew McEachran -
Pages:
3 -
Contrary to fears of a disaster, Lookers has delivered an excellent trading update with positive LFL GP performance in all 3 business segments including New. Not only this but management has indicated some support from its OEMs in response to the weaker new car market, which will help to “reduce operating costs” and help “offset the effect of lower new car volumes going forward”. This performance puts it on track to meet market forecasts, meaning no further downgrades as feared, and potential sc ....