ASX:ARB

3 stories mentioning ASX:ARBUpdated 19d ago

Every FINWIRES story that references ASX:ARB, newest first.

Market Chatter: ARB To See More Competition from Super Retail's Supercheap Auto Strategy, Citi Says

ARB (ASX:ARB) will see intensifying competition after Super Retail Group (ASX:SUL) declared a new strategy to expand the Supercheap Auto business's product range and fit-out capabilities, Citi said, according to the Australian Financial Review (AFR) on Thursday.Competition will rise for ARB after both BCF and Supercheap Auto announced expansion plans into the four-wheel drive category, with a focus on fitment, Citi analyst Sam Teeger said.Super Retail's five-year strategy is centred on store network expansion and category growth and is expected to deliver around AU$75 million per year in savings by 2028 to 2029. Supercheap has 362 stores while ARB has 79 stores.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:ARBASX:SUL

Asia26d ago

ARB' Key Platforms' New Vehicle Sales Data Continue to Deteriorate Year-over-Year, Jarden Says

New vehicle sales data continued to deteriorate across ARB's (ASX:ARB) key platforms on a year-over-year basis, Jarden said in a note on Wednesday.May data shows the recent clear shift towards electric vehicles and hybrid vehicles continues at the expense of internal combustion engine sales, with electric vehicle share hit 20% and total electrified 46% of new car sales.Jarden said it was not convinced ARB's core customer is switching to these electric and hybrid vehicles. Higher interest rates and fuel prices are having a short-term demand impact on diesel vehicles. However, ARB is losing domestic market share to competing four-by-four accessory brands.Toyota is the largest drag on sales data, and much of this is accounted for by supply constraints, which are expected to improve through the second half of the year, and read-through from new vehicle sales is expected to improve from the September quarter onwards.The investment firm retained its neutral rating on ARB and reduced its price target to AU$20.55 per share from AU$20.70 per share.

ASX:ARB

Asia29d ago

ARB Seeks to Boost North America Growth with Fully Integrated US Platform

ARB (ASX:ARB) said it seeks to create a fully integrated US platform with localized product development and marketing as well as multi-channel distribution to accelerate profitable growth, according to a Monday Australian bourse filing.The company said it is investing in US-based innovation, including designing products specifically for US consumers as well as solution-based engineering for North American vehicle platforms. It estimated its investment at AU$12 million per year at a five-year average.The company's shares were down nearly 1% in recent Monday trade.

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