Latest Automotive Retail News

Turners Automotive Group has posted a resilient and record first-half result for FY26, with net profit before tax up 13% despite ongoing economic challenges. The company’s diversified model and strategic capital moves underpin its confident outlook.

Turners Automotive Group has delivered a record first-half profit for FY26, driven by strong growth in its Finance and Insurance divisions despite ongoing supply constraints in the used vehicle market. The company also raised its interim dividend, signalling confidence in its diversified business model and capital management strategy.

CAR Group Limited has reported robust FY25 financial results with strong revenue and profit growth, underpinned by strategic investments in AI and digital marketplaces. The company projects continued momentum into FY26, aiming to deepen market leadership across global regions.

Eagers Automotive has successfully closed its retail entitlement offer, raising approximately A$310 million as part of a broader A$502 million equity raising to fund a major acquisition in Canada.

Turners Automotive Group has updated its dividend announcement, revealing a fully franked ordinary dividend and detailing the strike price for its Dividend Reinvestment Plan.

Connexion Mobility reported a modest 1% revenue increase to $2.9 million in Q1 FY26, while net profit before tax declined 19% due to the absence of prior quarter government incentives. The company is advancing its SaaS platform footprint in US automotive retail and investing strategically in Covertrue Group.

Turners Automotive Group Limited has announced a fully franked ordinary dividend for the quarter ending June 2025, accompanied by a dividend reinvestment plan offering a 2% discount.

Eagers Automotive Limited is set to acquire a controlling 65% interest in CanadaOne Auto Group in a transaction valued at C$2.145 billion, with closing anticipated in early 2026.

Way2VAT is advancing its position as a global leader in digital tax processing through a strategic acquisition and a robust four-pillar growth plan, targeting profitability by 2026 amid expanding market opportunities.

Eagers Automotive Limited has announced a fully franked interim dividend of AUD 0.24 per share for the half-year ending June 2025, signaling steady returns for shareholders.

Eagers Automotive has reported a robust first half of 2025, with revenue climbing nearly 19% and net profit rising 8.8%, while maintaining its interim dividend at 24 cents per share.

Turners Automotive Group is on track to surpass its record first-half earnings by over 10%, driven by strategic branch expansions and robust finance and insurance growth despite economic headwinds.