Pendragon (PDG)

Sector:

Retailers

Index:

FTSE Small Cap

22.70p
   
  • Change Today:
    -0.50p
  • 52 Week High: 23.70
  • 52 Week Low: 13.10
  • Currency: UK Pounds
  • Shares Issued: 1,396.94m
  • Volume: 597,630
  • Market Cap: £317.11m
  • RiskGrade: 288
  • Beta: 0.02

Pendragon lifts full-year profit guidance

By Michele Maatouk

Date: Friday 30 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Car dealer Pendragon lifted its full-year profit guidance on Friday following a strong performance in June.
"A strong close to June, combined with continued momentum in the used car market throughout July, with industry wide supply constraints leading to exceptional gross profits per unit together with good levels of demand driving further outperformance against the board's expectations," it said.

Pendragon - which owns the Stratstone and Evans Halshaw brands - said it was able to maximise its used car performance in July by maintaining good levels of used car stock availability in a constrained market. As a result, it now expects underlying pre-tax profit for the year to 31 December 2021 to be between £55m and £60m, up from guidance of between £45m and £50m set in June.

For full-year 2020, the company posted an adjusted pre-tax profit of £8.2m.

As at 30 June, Pendragon had a net cash balance of £9.5m, versus net debt of £46m in the same period a year ago.

"As outlined in the group's previous update on 30 June, there continues to be uncertainty resulting from potential further disruption from Covid-19, the timing of an expected realignment of used vehicle margins and supply constraints in both new and used vehicles," it said.

"As a result, there remains a range of possible outcomes for the full year."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pendragon Market Data

Currency UK Pounds
Share Price 22.70p
Change Today -0.50p
% Change -2.16 %
52 Week High 23.70
52 Week Low 13.10
Volume 597,630
Shares Issued 1,396.94m
Market Cap £317.11m
Beta 0.02
RiskGrade 288

Pendragon Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.33% above the market average48.33% above the market average48.33% above the market average48.33% above the market average48.33% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Price Trend
94.89% above the market average94.89% above the market average94.89% above the market average94.89% above the market average94.89% above the market average
92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average
Income Not Available
Growth
57.85% below the market average57.85% below the market average57.85% below the market average57.85% below the market average57.85% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pendragon Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-19 20-Sep-18
Paid 30-May-19 23-Oct-18
Amount 0.70p 0.80p

Trades for 20-Jan-2022

Time Volume / Share Price
16:29 624 @ 22.70p
16:29 4,498 @ 22.80p
16:29 1,000 @ 22.70p
16:04 6,097 @ 22.69p
16:02 5,521 @ 22.50p

Pendragon Key Personnel

COO Martin Shaun Casha
CFO Mark Simon Willis
CEO William Berman

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