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TURNERS AUTOMOTIVE GROUP LIMITED (ASX:TRA)

ALERT: Price-sensitive ASX Announcement for TRA
Current share price for TRA : $7.000 0.18 (2.64%)+
Announcement
Release
19 Aug 2026 7:33AM
Price at Release
$6.820
Full Release
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Summary
On August 19, 2026, Turners Automotive Group Limited released a presentation at its Annual Shareholders Meeting, announcing the company's outlook and financial targets. Despite facing increased market risks due to geopolitical tensions and fluctuating consumer confidence, Turners retains its FY27 target of $65 million NPBT. The company highlights diversification benefits, with finance growth offsetting reduced auto retail profits. The firm remains committed to achieving its $100 million NPBT target by FY31, supported by strong finance momentum and strategic confidence. However, short-term risks due to Middle Eastern conflicts might impact vehicle sales and market conditions, posing challenges to meeting the FY27 target before an expected recovery in FY28.
Key Points
  • Turners retains FY27 target despite market risks.
  • FY27 target is $65 million NPBT.
  • Market risks include Middle East conflict affecting consumer confidence.
  • Strong finance growth offsets auto retail profit reductions.
  • Confident in reaching $100 million NPBT by FY31.
  • Finance momentum is strong with a 7.5% loan book growth.
  • Short-term risks could challenge FY27 target achievement.
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.