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Carzam has set a target of selling 20k cars online in the UK in FY 2021. Lookers sells more than that in one quarter. One article recently suggested Lookers might now be worth £12 billion (current marcap is £0.3 billion).

Lookers is already up +300% in a few months and the online car revolution has only just begun. LOOK can be a millionaire-maker. Cazoo is pushing car-dealer valuations into the billions. Cinch, Driverama or Carvana will need to spend billions to keep up.

TED also looking to have huge upside potential here. A £50m EBITDA in 2022 and similar rerating to Dr Martens, a China fashion boom, NXT hovering like a vulture, will send TED to £4-6 in a flash.

TED + LOOK = boom...

You're thinking of the "old" Lookers... You need to view it as the "new" Lookers... Lookers (LOOK) today is 5 times bigger than Cazoo online... Cazoo is about to float its IPO for £5 billion... Lookers' current marcap is just £0.3 billion... Cazoo, Cinch, Driverama and Carvana have billions and billions ready for takeovers... Lookers owns 7% of the whole UK car market and 10-15% of the online segment... The upside potential for Lookers is huge.

Back to TED -- closing near the daily high. The highs are getting higher. Punching thru the 155-160p resistance line. All bullish signs.

Growing rumours that NXT will buy TED.

Dr Martens has roughly the same revenue as TED -- but its valuation is 16 times higher.

TED has massive upside potential from here.

* DOCS = £0.7b revenue + £4.7b marcap...
* TED = £0.6b revenue + £0.3b marcap...

Younger folks under 40yo are moving online. Older folks over 40yo still want the showroom experience (for now). The 14-day "return guarantee" is the new test-drive for online car purchases.

Dealers = try then buy
Online = buy then try

The beauty of online selling is "winner takes all". Become the most trusted online brand, and you can crush everyone. Think Amazon, Rightmove, Asos, etc.

Looks like a (very) strong bounce off the 200 SMA and 200 EMA lines, combined with early shop reopenings. The 200p level is within reach.

Even better for Lookers! They have 2 irons in 2 hot fires. Online is soaring. Dealerships are rocketing. LOOK has all bases covered.

Based alone on LOOK's prime online position, the valuation here needs to be up in the billions.

LOOK is (much) bigger than Cazoo, which is floating for £5 billion in a few weeks.

As the Cazoo float draws nearer... LOOK / PDG will get hotter.

That all sounds very "British" and determined to create misery and talk everything down ;-)

The future trends are clear. The UK online car market is soaring, online is the new high street, LOOK / PDG are at the forefront of that online car market, and the valuation here needs to be in the billions (not millions).

The car industry is now undergoing a once-in-a-generation paradigm shift.

UK online car sales soaring +100% growth in 2021.

Auto1, German online car platform, is at a record £9 billion marcap today.

Vroom -- which sells 40-80% *fewer* cars online than LOOK -- is today at £4 billion valuation.

Multiple dealers valued in the billions. The industry is changing.

https://www.autocar.co.uk/car-news/new-cars/huge-rise-online-car-sales-continue-2021

Carvana = selling 20-25k cars online a month = £35 billion valuation...
Cazoo = selling 1-2k cars online a month = £5 billion valuation...
Cinch = selling <1k cars online a month = £5 billion valuation...

Lookers = selling 5-15k cars online a month = £0.3 billion valuation...
Pendragon = selling 5-10k cars online a month = £0.3 billion valuation...

Pendragon calls the UK "the world's most attractive used-car market"...

LOOK and PDG valuations need to be in the billions (not millions).

https://cardealermagazine.co.uk/publish/cinch-hoping-for-5bn-valuation-as-it-seeks-500m-investment-while-reports-suggest-cazoo-float-could-happen-next-week/220131

Cazoo now targeting a valuation of *£20 billion*.

LOOK today is bigger online than Cazoo...

Upside potential here is staggering.

https://www.ft.com/content/658f12e5-5423-4118-b59c-8c528b110344#comments-anchor

Strong Q1 results, and a very strong Q2 outlook, today from Carwow. The entire sector is on fire. Car dealers are hot again.

https://www.am-online.com/news/market-insight/2021/04/13/carwow-reports-record-orders-in-march-and-q1

Surprised folks are still bigging this one up!

Sentiment is now ultra-bearish.

The shareprice has collapsed -70% in 6 months, day after day of relentless declines in the shareprice, vaccines are replacing tests, losing major orders, squabbling publicly with customers, could be mired in expensive legal hysteria for years to come.

Charts are now pointing to £2-3 as the next stop.

Good numbers -- but they look way too conservative.

LOOK is on track to make £50m profit in 2022. Assuming 10 x profit gets you to a minimum £500m valuation, and £1.30 a share.

Add in Lookers' hyper-growth *online* business, Click and Drive, which is (much) bigger than £5b Cazoo, and you're talking telephone numbers.

Cinch, Carvana etc. would love such a big slice of the UK online car market. Lookers has 7% share of the whole UK used-car market today, and perhaps 10-15% share of the online segment.

Benchmarking against Cazoo, which is IPOing in New York in a few weeks, for £5 billion, LOOK is worth £10.00 a share (or more).

LOOK is currently £0.70 a share...

"...it’s becoming apparent now that established car retailers [such as Lookers] have a very similar proposition [to $7b Cazoo] and the positive direction of the sector as we emerge from lockdown is taking things in one direction right now"

The Cazoo effect...

https://www.am-online.com/news/market-insight/2021/04/09/cazoo-effect-and-showroom-reopenings-cause-car-retail-s-plcs-to-rally

Charts look very bullish. Lovely "bowl" uptrend has formed.

Cazoo (by IPO) is soon going to have $2 billion of cash burning a hole in its pocket and has said publicly it wants to make acquisitions.

The Cazoo IPO will focus minds at rival Cinch (owned by BCA), who will be desperate to catch up. The fastest way to do that is by takeovers.

Not to mention Carvana US, the world's industry giant, who will need overseas growth to stoke its share price higher and has access to billions of spending money.

Lookers and Pendragon are executing a digital transformation and are already selling thousands of UK cars online every month, way ahead of Cazoo and Cinch.

As standalone firms, LOOK and PDG are tech unicorns. As takeover candidates, they are high-value targets.

Lookers has just grabbed a record 7% UK market share. Pendragon is about to rebrand its online operations as the "next Cazoo".

It all points to an electric few months ahead.

An online car revolution is sweeping the industry.

All sounds very "British" and a relentlessly hysterical climate of talking everything down and relentless misery...

Cazoo is the Amazon of cars. America "gets" it. The current valuation is $7 billion.

LOOK and PDG are (much) bigger online than Cazoo, and in prime position to grab a big slice of online car sales.

https://cardealermagazine.co.uk/publish/cazoo-confirms-listing-on-new-york-stock-exchange-in-deal-that-could-value-online-used-car-dealer-at-5bn/220164

Yup. The tech wave that has swept car manufacturers in 2020 (like Tesla) is now sweeping car retailers in 2021 (like Cazoo).

PDG and LOOK have quietly executed a tech revolution in Covid lockdown. Slashed costs, click and deliver, simul-finance, Carstore.com, Click And Drive, etc.

The market is finally waking up, post-Covid , to that "online transformation".

Think Deliveroo, only bigger.

That's a rather outdated "British" response and a bit "last century" ;-)

Online growth is the future, like US Nasdaq unicorns. And Lookers has it in spades. Cazoo is a $7,000,000,000.00 tech hero, listing soon in New York. Click and Drive (Lookers) is bigger than Cazoo...