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Lookers plc shares may be up today…but it remains an avoid for me

By Chris Bailey | Wednesday 24 August 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

A thing about both eyes going a bit blind is that you have to give up your driving licence. I may have felt a bit frustrated about this early last year, but obviously it is very smart to fully adhere to. So I am useless now for people such as Lookers plc (LOOK), which “proudly represents 32 manufacturer brands, selling a huge range of new and used vehicles from 144 franchise dealerships in the UK and Ireland”. But what do I think about it after its first half numbers published today?

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