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10 stories mentioning ASX:APEUpdated 2m ago

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Asia

Eagers Automotive Earnings Seen to Take Hit from Currency Headwinds, Toyota Supply Snags, Says Jefferies

Eagers Automotive (ASX:APE) could see its annual earnings impacted by a stronger Australian dollar against the Canadian dollar, which may hurt CanadaOne sales amid ongoing concerns over Toyota supply, Jefferies said in a note on Tuesday.The investment firm cut its fiscal year 2026 and fiscal year 2027 EPS forecasts by 10% and 11%, respectively. Group revenue estimates were also trimmed by 3% for both fiscal years.Jefferies said the earnings downgrade is largely technical and does not change its long-term positive view on the company and its several medium-term growth initiatives, including expansion through BYD, CanadaOne market consolidation, real estate optimization, and Mitsubishi Mobility partnership.The brokerage said Toyota supply issues remain a concern and could weigh on results. Although the company is not dependent on Toyota, with Toyota franchises making up less than 10% of its passenger vehicle network.Jefferies maintained a buy rating on Eagers Automotive but cut its price target to AU$27.50 from AU$30.50.

ASX:APE
Asia

Eagers Automotive Extends On-Market Buyback Plan

Eagers Automotive (ASX:APE) said it will continue its on-market share buyback program of up to 10% of its issued share capital, equivalent to around 28.2 million ordinary shares, according to a Tuesday Australian bourse filing.The proposed program will start on July 1 and run until June 30, 2027, the filing said.

ASX:APE
Asia

JB Hi-Fi, Eagers Automotive, Lovisa, Domino's Trade Lower After Australia Hikes Minimum Wage

JB Hi-Fi (ASX:JBH), Eagers Automotive (ASX:APE), Lovisa Holdings (ASX:LOV), and Domino's Pizza Enterprises (ASX:DMP) were all trading lower on Tuesday afternoon after the Australian Fair Work Commission's (FWC) annual wage review raised pay for workers on minimum wage.The review gives minimum award workers a 4.75% increase to pay starting from July, with the FWC saying that Australia's monetary policy tightening will "undoubtedly slow down the economy in the year ahead."JB Hi-Fi shares fell past 4%, Eagers Automotive and Lovisa both shed nearly 4%, and Domino's Pizza declined almost 6%.

ASX:APEASX:DMPASX:JBHASX:LOV
Asia

Moelis & Company Upgrades Eagers Automotive to Buy from Hold, Price Target is AU$26.35

Eagers Automotive (ASX:APE) has an average rating of overweight and mean price target of AU$28.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:APE
Asia

Eagers Automotive Likely to Grow Deliveries in Fiscal H2, Jefferies Says

Eagers Automotive (ASX:APE) is expected to grow deliveries in the second half of fiscal 2026, supported by improved supply via its scaled partnership with Toyota following a constrained first half, according to a Wednesday note by Jefferies.The company's trading update was "positive" about new order write, and turnover was up around 5% on the prior corresponding period, Jefferies said. Orders taken throughout this period exceeded deliveries by more than 29%, with supply restraints impacting and deferring delivery timing.While Eagers was positive about a supply recovery in the second half, Jefferies opted for a cautious approach and cut fiscal 2026 profit before tax estimate by 3% to account for the reduced ability to convert new orders to deliveries/revenue.The investment firm retained its buy rating and AU$30.50 price target for Eagers Automotive.Eagers Automotive's shares tumbled 8% in recent Thursday trade.

ASX:APE
Asia

Eagers Automotive Sees Uplift in H2 Deliveries on Improved Toyota Supply

Eagers Automotive (ASX:APE) expected to see an uplift in deliveries in the second half of the year, supported by improved supply through a scaled partnership with Toyota following a materially constrained first half, according to a Wednesday Australian bourse filing.The company said the second half will also benefit from a full-half contribution from CanadaOne, which is expected to have a similar second-half skew from its Toyota operations, along with full-half contributions from recent Australian acquisitions, the filing added.The company said its order bank has grown 70% since December 2025. Its independent used vehicle business, comprising easyauto123 and Carlins, has delivered a record start to the year with profit before tax up 40% year-on-year in the four months to April, the filing added.Eagers expects to report an underlying profit before tax result for the first half of 2026 in line with, or slightly ahead of, the first half of 2025 across its Australia and New Zealand operations, it added.

ASX:APE
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Tuesday.Fisher & Paykel Healthcare (ASX:FPH): +7%, AU$29.55NRW Holdings (ASX:NWH): +3%, AU$7.46Capstone Copper (ASX:CSC): +2%, AU$14.23Wesfarmers (ASX:WES): +2%, AU$77.31Ventia Services Group (ASX:VNT): +2%, AU$6.28Southern Cross Gold (ASX:SX2): +2%, AU$9.86Sims (ASX:SGM): +2%, AU$24.61Alcoa (ASX:AAI): +2%, AU$100.97Codan (ASX:CDA): +2%, AU$41.23Eagers Automotive (ASX:APE): +1%, AU$22.25

ASX 200ASX:AAIASX:APEASX:CDAASX:CSCASX:FPHASX:NWHASX:SGMASX:SX2ASX:VNTASX:WES
Asia

Eagers Automotive One of Few 'Appealing' ASX Discretionary Stocks Following Underperformance, Jefferies Says

Eagers Automotive (ASX:APE) underperformed the ASX 300 index by 25% since Sept. 30, 2025, and is currently one of the few "appealing" ASX discretionary stocks, Jefferies said in a May 25 note, recommending that investors buy the dip.The investment firm views Eagers Automotive's recently completed acquisition of CanadaOne positively, saying that CanadaOne is outperforming the Canadian market.Additionally, with its easyauto123 used car retail brand, Eagers Automotive is expected to outperform system used vehicle volumes, Jefferies said.The company's upcoming annual general meeting on Wednesday will probably include some positives and negatives, but the positives should outweigh the negatives overall, Jefferies said. It added that Eagers Automotive will probably not provide any explicit guidance for fiscal 2026.The equity research firm expects Eagers Automotive to be "easily outperforming" the flat Australian market in the calendar 2026 year to date, with its acquisition of Grand Motors and Zagame taking its domestic share to 15% from June.Jefferies maintained a buy rating on the company with a price target of AU$30.50.Eagers Automotive's shares were up over 1% in recent Tuesday trade.

ASX:APE
Asia

Eagers Automotive Says State Street Ceases to be a Substantial Shareholder

Eagers Automotive (ASX:APE) received notice that State Street and its subsidiaries are no longer substantial holders of the company from Tuesday, according to a Friday Australian bourse filing.State Street and its subsidiaries became a substantial holder of the company on Monday, with a 5.02% total voting power, an earlier filing showed.

ASX:APE
Asia

Eagers Automotive Completes Investment in CanadaOne Auto

Eagers Automotive (ASX:APE) completed its acquisition of a 65% stake in the holding company of Canadian dealership group CanadaOne Auto, effective April 30, according to a Monday filing with the Australian bourse.The consolidated group represents AU$18.7 billion in revenue, AU$968.6 million in earnings before interest, taxes, depreciation, and amortization, and AU$671.9 million in profit before tax on a combined pro-forma basis for 2025, per the filing.As part of the deal, CanadaOne Auto founder Pat Priestner exercised an option to acquire a 5% interest in easyauto123, Eagers Automotive's independent pre-owned car business in Australia and New Zealand. The deal is expected to close by the end of May.

ASX:APE

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