Lookers (LOOK)

Business description

Lookers is a leading UK motor vehicle and specialist parts distributor. It operates 155 franchises, representing 32 marques spread across the UK.

Stock data

Market cap.£464.7m
Last close117.00p
High / Low (52 weeks)131.0p / 97.5p
Stock market listingLN
Forecast net debt (£m)61.8
Forecast gearing ratio (%)16
TeamIndustrials
SectorAutomotive Retailers

Price performance

%1m3m12m
Actual6.4(2.9)(8.8)
Relative *7.6(1.5)(14.4)

* % Relative to local index

Other companies in sector Show

Company news

Inside the mind of Lookers plc CEO Andy Bruce as firm acquires Benfield Motor ...

Thu, 03 Sep 2015 14:19:14 GMT

Lookers versus the tyre-kickers

Wed, 16 Aug 2017 18:49:50 GMT

Lookers PLC

Sat, 28 May 2011 16:42:55 GMT

Vertu acquires three Honda dealerships from rivals Lookers Plc for £2m

Mon, 25 Jan 2016 08:52:04 GMT

Why are Crossrider plc, Lookers plc and Blinkx plc shaking wildly today?

Tue, 17 May 2016 10:07:30 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 3430.3 84.4 59.6 12.44 9.4 14.0
2016A 4088.2 97.6 64.9 13.13 8.9 3.6
2017E 4700.0 108.7 76.0 15.3 7.6 4.3
2018E 4900.0 111.2 78.5 15.8 7.4 4.3

Last updated on 23/08/2017

Latest research

Investment summary

Lookers has a growth strategy based on organic growth supplemented by M&A. It has grown consistently, delivering record profits in each of the past eight years. Management's more focused brand strategy and related investment increases should continue to be supported by continued reinvestment of proceeds from the parts business sale last year. While uncertainty in the UK car market remains, interim results on 16 August confirmed progress.

Last updated on 06/09/2017

Industry outlook

Market dynamics favour larger motor dealership groups against smaller independent groups, which still command c 60% of the franchise market. Global manufacturing overcapacity still points to OEM support, although stockmarket confidence is undermined by the inflationary impact of weak sterling on new car prices and interest rates. A 35% rating discount relative to the FTSE All-Share General Retailers Index fails to recognise the defensive qualities across a sector where used vehicle and aftersales activities account for the majority of profits.

Last updated on 06/09/2017

Key management

Phil White, Chairman
Andy Bruce, CEO
Robin Gregson, FD

Company address

776 Chester Road
Stretford
Manchester
M32 0QH
United Kingdom
+44 (0) 161 291 0043
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