2 Cheap Cars Group Limited Ordinary Shares
2CC.NZXConsumer Discretionary
2 Cheap Cars Group* is an integrated used automotive group operating throughout New Zealand. We are vertically integrated from procurement in Japan through to our retail branches nationwide. Operating under the “2 Cheap Cars” brand, our Automotive Retail company is one of the largest used vehicle sellers in New Zealand with 12 dealerships across the country. Our mission is to deliver on our promise… 2 Cheap Cars, driving better deals, every day. *2 Cheap Cars Group was previously known as NZ Automotive Investments (NZAI).
Market Data
$0.610
-0.0%$27.8M
10.6x
$0.058
8.27%
-0.2%
Latest Earnings
Second-half momentum drives FY26 profitability
29 May 2026
2 Cheap Cars Group (NZX:2CC) reported FY26 NPAT of NZ$3.2 million, marginally below the prior year's $3.3 million but in line with January 2026 guidance of exceeding $3.0 million. Revenue was broadly flat at $81.7 million (-0.3%) while EBITDA including finance income rose 1% to $8.1 million, with a strong second-half recovery driven by record F&I penetration rates (44% insurance penetration) and improved vehicle margins. The Board declared a final gross dividend of 3.99 cps, bringing total FY26 gross dividends to 6.14 cps (~9.9% yield), with early FY27 trading described as encouraging. Key points: FY26 NPAT of $3.2 million met guidance (exceeded $3.0M threshold set in January 2026); EBITDA including finance income grew 1% to $8.1 million despite challenging market conditions; Record insurance F&I penetration rate of 44%, up from 36% in FY25, driving improved second-half profitability
Recent Announcements
Second-half momentum drives FY26 profitability
2 Cheap Cars Group (NZX:2CC) reported FY26 NPAT of NZ$3.2 million, marginally below the prior year's $3.3 million but in line with January 2026 guidance of exceeding $3.0 million. Revenue was broadly flat at $81.7 million (-0.3%) while EBITDA including finance income rose 1% to $8.1 million, with a strong second-half recovery driven by record F&I penetration rates (44% insurance penetration) and improved vehicle margins. The Board declared a final gross dividend of 3.99 cps, bringing total FY26 gross dividends to 6.14 cps (~9.9% yield), with early FY27 trading described as encouraging. Key points: FY26 NPAT of $3.2 million met guidance (exceeded $3.0M threshold set in January 2026); EBITDA including finance income grew 1% to $8.1 million despite challenging market conditions; Record insurance F&I penetration rate of 44%, up from 36% in FY25, driving improved second-half profitability
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