Pendragon (GB:PINE) has released an update.
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Pinewood Technologies Group PLC showcased a robust first half in 2024 with significant double-digit growth in revenue and gross profit, and successful expansion of their SaaS automotive retail solutions, including a strategic partnership with Lithia Motors. The company has also invested in the automotive AI firm Seez to enhance their product offerings as they prepare for a U.S. market entry. Despite a challenging macroeconomic environment, Pinewood remains confident in meeting its full-year profit expectations in line with market forecasts.
For further insights into GB:PINE stock, check out TipRanks’ Stock Analysis page.
