Turners recently announced excellent results, and we were delighted to host Todd Hunter, CEO, and Aaron Saunders, CFO, at our office on Wednesday, November 27th. Todd and Aaron provided an update on the company and shared their insights on the second-hand vehicle market, particularly how they managed to achieve such strong results while other retailers struggled.
We were impressed by several developments, including the adoption of smaller, regional dealerships for greater accessibility and their recent partnership with My Auto Shop. This network of mobile mechanics enables vehicle owners to have their cars repaired, serviced, or given a warrant of fitness at their home or workplace.
Additionally, with growth in their finance and insurance sectors, Turners is becoming one of the most recognized brands in New Zealand. With solid growth potential and an excellent dividend yield, their shares make a strong choice for client portfolios.
