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25 January 2025
By Maynard Paton
Investment ideas can emerge from the unlikeliest of sources.
I booked my car for a service the other month and the confirmation email was sent by Pinewood DMS:
DMS stands for ‘dealer management software’ and Pinewood Technologies is one of two dominant suppliers of such systems within the UK.
A DMS allows car dealers to handle all aspects of their business — such as vehicle sales, customer enquiries, workshop appointments, parts ordering, accounts processing and marketing campaigns — within a single IT package.
Pinewood was part of car dealer Pendragon for 25 years, but for the last twelve months has operated independently and now describes itself as a “pure-play SAAS business with an accelerated growth plan“.
The growth plan centres upon sophisticated IT displacing outdated competitor systems — with US dealers in particular a lucrative target.
High levels of recurring revenue earned through a ‘scalable platform’ — alongside the prospect of bumper contract wins — have meanwhile led to very attractive profit guidance.
Let’s take a closer look.
Read my full PINEWOOD TECHNOLOGIES article for ShareScope >>Maynard Paton
