Update: Beating the market
Lookers’ forthcoming interim figures should again show that the group is outperforming its market, and we estimate pre-tax profit will rise by at least 5%. We believe share prices in the motor segment of the retail market fail to recognise the quality of earnings. Its shares are attractively priced.Lookers is a motor retail and aftersales groups in the U.K. Co. is engaged in the sale, hire and maintenance of motor vehicles and motorcycles, including the sale of tyres, oil, parts and accessories. Co. sells new and used cars and light commercial vehicles. Co.'s operations are across the U.K. and Ireland. Co. has one division, motor division. As of Dec 31 2016, the motor division consisted of 160 franchised dealerships representing 33 marques from 102 locations. The business is engaged in the sale of new and used cars, vans and aftersales activities. Aftersales represents the servicing, repair and sale of franchised parts to customers' vehicles.
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