NZ's 2 Cheap Cars gains most in 2-1/2 years on improved earnings outlook
19/06/2026 04:43
BUZZ-NZ's 2 Cheap Cars gains most in 2-1/2 years on improved earnings outlook ** Shares of New Zealand's 2 Cheap Cars 2CC.NZ rise as much as 16.7% to NZ$0.7, their biggest intraday pct gain since November 15, 2023
** Stock touches its highest point since July 17, 2025
** The used-car dealership firm says trading momentum improved materially through 2H FY26 and momentum continues into early part of FY27, and adds that it will not provide FY27 earnings outlook
** "The board believes it is too early to extrapolate this performance across the full financial year," 2 Cheap Cars Chairman Michael Stiassny says
** Stock up 15.7% so far this week, set for its best week in over five months
** YTD, stock up 22.8%, including day's moves
(Reporting by Aamir Sheik Khalid in Bengaluru)
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