Can Turners hit $100m profit by FY31?

Todd Hunter, CEO of Turners Automotive Group, describes the whiplash of banking a record quarter and then running straight into a fuel crisis. Todd explains how quickly a recovering New Zealand economy stalled with the outbreak of US-Iran conflict, how the country's former best-selling vehicle has become one of the hardest to sell, and how group profit remains ahead of last year despite falling margins in auto retail. Hear how Turners’ services constitute a full used-car and finance platform, and the plan behind their latest public profit target: 15 new branches, aggressive growth in the finance book, and higher market share. Plus, with autonomous cars racing at Imola and a new Chinese EV brand landing seemingly every week, we ask Todd how he plans for a future with fewer drivers. For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.