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Turners Automotive Group Ltd
(TRA)
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Rating:54Neutral
Price Target:
$7.50
▼(-2.47% Downside)
Action:N/A
Date:10/05/26
The score is held back primarily by weak cash-flow consistency (large negative operating and free cash flow in 2026) and rising leverage, despite solid reported profitability. Technical indicators also point to bearish momentum with the price below key moving averages and a negative MACD. Valuation is a modest offset, supported by a ~4.3% dividend yield and a mid-range P/E.
Positive Factors
Diversified integrated business model
Turners combines used-vehicle retailing with finance and insurance, allowing it to earn multiple income streams from customer transactions. This integrated model can increase revenue per vehicle, diversify earnings across cycles, and strengthen its competitive position as the dealer market consolidates.
Negative Factors
Weak and volatile cash conversion
Reported profitability is not currently converting reliably into cash, with a large 2026 operating outflow and deeply negative free cash flow. Persistent volatility can constrain internally funded growth, increase reliance on financing, and reduce flexibility for dividends, acquisitions, or unexpected business needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified integrated business model
Turners combines used-vehicle retailing with finance and insurance, allowing it to earn multiple income streams from customer transactions. This integrated model can increase revenue per vehicle, diversify earnings across cycles, and strengthen its competitive position as the dealer market consolidates.
Read all positive factors
Turners Automotive Group Ltd (TRA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$676.57M
Dividend Yield4.3%
Average Volume (3M)34.67K
Price to Earnings (P/E)17.6
Beta (1Y)0.19
Revenue Growth9.03%
EPS Growth-2.47%
CountryNZ
Employees724
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)0.42
Shares Outstanding91,676,800
10 Day Avg. Volume25,926
30 Day Avg. Volume34,675
Financial Highlights & Ratios
PEG Ratio-9.03
Price to Book (P/B)2.51
Price to Sales (P/S)1.78
P/FCF Ratio-6.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.51
Revenue Forecast (FY)$453.50M
Turners Automotive Group Ltd Business Overview & Revenue Model
Company Description
Turners Automotive Group Limited engages in the automotive retail business in New Zealand and Australia. It operates through Auto Retail, Finance, Insurance, and Credit Management segments. The Auto Retail segment engages in remarketing of motor v...
How the Company Makes Money
TRA makes money through a mix of automotive sales and transaction-based services, plus financial services income tied to vehicle purchases. Key revenue streams include: (1) Used vehicle sales: TRA generates revenue from selling used vehicles (sour...
Turners Automotive Group Ltd Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 449.06M | 255.48M | 414.47M | 389.03M | 342.03M |
| Gross Profit | 186.03M | 87.98M | 158.46M | 215.04M | 188.86M |
| EBITDA | 94.91M | 93.38M | 88.72M | 76.96M | 64.75M |
| Net Income | 38.17M | 38.59M | 32.97M | 32.57M | 31.28M |
Balance Sheet | |||||
| Total Assets | 1.07B | 917.77M | 865.66M | 851.94M | 825.69M |
| Cash, Cash Equivalents and Short-Term Investments | 96.44M | 102.50M | 79.50M | 78.81M | 83.57M |
| Total Debt | 606.39M | 468.18M | 450.24M | 439.15M | 440.97M |
| Total Liabilities | 752.72M | 619.28M | 587.43M | 579.69M | 573.30M |
| Stockholders Equity | 317.87M | 298.49M | 278.22M | 272.25M | 252.40M |
Cash Flow | |||||
| Free Cash Flow | -116.68M | 1.06M | 11.03M | 24.14M | -60.06M |
| Operating Cash Flow | -74.98M | 33.96M | 29.67M | 68.32M | -43.94M |
| Investing Cash Flow | -38.52M | -30.79M | -9.94M | -43.33M | -12.06M |
| Financing Cash Flow | 111.71M | 1.35M | -14.06M | -26.51M | 57.51M |
Turners Automotive Group Ltd Technical Analysis
Negative
7.69
Price Trends
7.78
Negative
8.00
Negative
8.15
Negative
Market Momentum
-0.10
Positive
39.96
Neutral
29.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:TRA, the sentiment is Negative. The current price of 7.69 is above the 20-day moving average (MA) of 7.52, below the 50-day MA of 7.78, and below the 200-day MA of 8.15, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 39.96 is Neutral, neither overbought nor oversold. The STOCH value of 29.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:TRA.
Turners Automotive Group Ltd Peers Comparison
UnderperformOutperform
Sector (61)
NZ:TRA
Turners Automotive Group Ltd
7.38
0.62
9.20%
NZ:THL
Tourism Holdings Limited
2.80
0.21
8.15%
NZ:CMO
Colonial Motor Co Ltd
7.45
0.24
3.33%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.