RPM Automotive

RPM Automotive is an emerging player in the automotive aftermarket in Australia. A particular focus is on tyre dealerships where it has been acquiring heavily. The company is also seeking to build a roadside assist business. In FY21 revenue grew 30% to $45m, while EBITDA went up 32% to $3.5m. A capital raising in late 2020 has provided funds for further acquisitions. We see RPM benefiting from a general recovery in automotive spending in Australia, as the country emerges from lockdowns, and bene...

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