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Pendragon own EH, Stratstone, Carstore and a parts distribution company
T/O in a normal year roughly £4Bn, the company share price is 16p valuing the company at say £240m
Profits have been thin on the ground for years - Covid will not have helped. - in 2021 they might make £20m - peanuts compared to their turnover. The total value of the company is considerably less than they paid over the years buying up other small chains & privately owned garages.
There is very little in the way of assets - property nearly all rented, 2nd handstock is on finance, new stock - the car is often owned by the manufacturer until it is sold (they pay off the finance when the car is sold), very little cash in the coffers
Lookers are in much the same boat - huge turnover and very little to show for it - weak profits.
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