2CC Stock Overview
2 Cheap Cars Group Limited engages in used automotive vehicle retailer and vehicle finance businesses in New Zealand.
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
2 Cheap Cars Group Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$0.82 |
| 52 Week High | NZ$0.90 |
| 52 Week Low | NZ$0.22 |
| Beta | 0.0040 |
| 1 Month Change | 7.89% |
| 3 Month Change | 2.50% |
| 1 Year Change | 215.38% |
| 3 Year Change | -20.39% |
| 5 Year Change | n/a |
| Change since IPO | -36.92% |
Recent News & Updates
Recent updates
Returns On Capital At 2 Cheap Cars Group (NZSE:2CC) Paint A Concerning Picture
Aug 23
Investors Could Be Concerned With NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Apr 12Here's What's Concerning About NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Jul 19NZ Automotive Investments (NZSE:NZA) Has Announced That Its Dividend Will Be Reduced To NZ$0.0063
Jun 01NZ Automotive Investments' (NZSE:NZA) Shareholders Have More To Worry About Than Only Soft Earnings
Dec 09Shareholder Returns
| 2CC | NZ Specialty Retail | NZ Market | |
|---|---|---|---|
| 7D | 5.1% | -2.9% | -1.1% |
| 1Y | 215.4% | -12.5% | -4.7% |
Return vs Industry: 2CC exceeded the NZ Specialty Retail industry which returned -12.5% over the past year.
Return vs Market: 2CC exceeded the NZ Market which returned -4.7% over the past year.
Price Volatility
| 2CC volatility | |
|---|---|
| 2CC Average Weekly Movement | 4.7% |
| Specialty Retail Industry Average Movement | 4.0% |
| Market Average Movement | 4.2% |
| 10% most volatile stocks in NZ Market | 7.7% |
| 10% least volatile stocks in NZ Market | 2.3% |
Stable Share Price: 2CC has not had significant price volatility in the past 3 months.
Volatility Over Time: 2CC's weekly volatility has decreased from 13% to 5% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | n/a | Paul Millward | www.2cheapcars.co.nz |
2 Cheap Cars Group Limited engages in used automotive vehicle retailer and vehicle finance businesses in New Zealand. It sells used vehicles through various dealerships. The company was formerly known as NZ Automotive Investments Limited and changed its name to 2 Cheap Cars Group Limited in June 2023. 2 Cheap Cars Group Limited was founded in 2011 and is headquartered in Auckland, New Zealand.
2 Cheap Cars Group Limited Fundamentals Summary
| 2CC fundamental statistics | |
|---|---|
| Market cap | NZ$37.35m |
| Earnings (TTM) | NZ$3.89m |
| Revenue (TTM) | NZ$84.46m |
9.6x
P/E Ratio0.4x
P/S RatioIs 2CC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2CC income statement (TTM) | |
|---|---|
| Revenue | NZ$84.46m |
| Cost of Revenue | NZ$67.43m |
| Gross Profit | NZ$17.03m |
| Other Expenses | NZ$13.14m |
| Earnings | NZ$3.89m |
Last Reported Earnings
Sep 30, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.085 |
| Gross Margin | 20.17% |
| Net Profit Margin | 4.61% |
| Debt/Equity Ratio | 0% |
How did 2CC perform over the long term?
See historical performance and comparison