Audio Note: Pendragon – High potential in Pinewood


In this audio note, Zeus’ Carl Smith summarises the investment case for Pendragon.

Earlier in the week Pendragon announced a proposed deal to dispose of its UK motor retail and leasing businesses to Lithia Motors for £250m, after which it will become a standalone, listed SaaS business with its Pinewood dealership management software (DMS) product.

Listen to the audio note below, and read the full research here.

Listen to all episodes of the Zeus Research team Audio Notes here.


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