ASX:PWR

Peter Warren Automotive Founder's Son Buys Shares Worth Over AU$4 Million

Peter Warren Automotive (ASX:PWR) said Director Paul Howard Warren, the son of founder Peter Warren, acquired 4.3 million ordinary shares through on-market purchases this month for AU$4.4 million, according to a Thursday Australian bourse filing.The purchases comprised 107,583 shares on June 11 at AU$0.91 per share and 4.2 million shares on Monday at AU$1.03 per share.Following the transactions, Peter Warren's total relevant interest increased to 69.3 million securities from 65 million.

Peter Warren Automotive Holdings Plans Revised ACCC Submission for Wakeling Acquisition

Peter Warren Automotive Holdings (ASX:PWR) withdrew its original application to the Australian Competition and Consumer Commission (ACCC) for the proposed acquisition of Wakeling Automotive and will resubmit a revised phase one application, including a remedy proposal aimed at securing regulatory approval, according to an Australian bourse filing on June 12 after market hours.The decision follows discussions with the ACCC and Wakeling Automotive's vendors, per the filing. As previously disclosed, the regulator told the company it would advance the transaction to a phase two review under a new merger control process.The revised application is expected to incorporate proposed measures addressing the ACCC's concerns, the company said, adding that it will work closely with the regulator to obtain clearance for the deal.

Update: Peter Warren Automotive Holdings' Wakeling Deal Faces ACCC Phase Two Competition Review; Shares Fall 3%

(Updates to add stock movement in the headline and last paragraph)Peter Warren Automotive Holdings' (ASX:PWR) planned purchase of 30 new car dealership sites from Wakeling Automotive Group will undergo a detailed phase two Australian Competition and Consumer Commission (ACCC) review after the competition regulator raised concerns about the deal's potential impact on market competition, according to an Australian bourse filing on Tuesday after market hours.The regulator did not approve the acquisition during its phase one assessment, saying that the merged company would own 25 of the region's 33 new car dealerships, per the filing. It is assessing how the deal could affect competition in new vehicle sales, as well as servicing and repair services.The ACCC has yet to make a final decision and is inviting public submissions until June 16, the filing added. The phase two review could take up to 90 business days.In a separate filing, Peter Warren Automotive said the companies will continue to work with the ACCC to address any concerns arising during the phase two review.The company's shares fell around 3% in recent Wednesday trade.

Peter Warren Automotive Holdings' Wakeling Deal Faces ACCC Phase Two Competition Review

Peter Warren Automotive Holdings' (ASX:PWR) planned purchase of 30 new car dealership sites from Wakeling Automotive Group will undergo a detailed phase two Australian Competition and Consumer Commission (ACCC) review after the competition regulator raised concerns about the deal's potential impact on market competition, according to an Australian bourse filing on Tuesday after market hours.The regulator did not approve the acquisition during its phase one assessment, saying that the merged company would own 25 of the region's 33 new car dealerships, per the filing. It is assessing how the deal could affect competition in new vehicle sales, as well as servicing and repair services.The ACCC has yet to make a final decision and is inviting public submissions until June 16, the filing added. The phase two review could take up to 90 business days.In a separate filing, Peter Warren Automotive said the companies will continue to work with the ACCC to address any concerns arising during the phase two review.

Jarden Adjusts Peter Warren Automotive Holdings' Price Target to AU$1.55 from AU$2.50, Keeps at Buy

Peter Warren Automotive Holdings Enters Fiscal Year-End Facing Multiple Headwinds, Jarden Says

Peter Warren Automotive Holdings' (ASX:PWR) guidance for fiscal year 2026 implies a "minimal" underlying profit before tax of up to roughly AU$3 million in the second half, as trading conditions worsened heading into the most important period of the year, Jarden said in a June 1 note.May and June typically contribute a material portion of full-year profits for automotive dealers, but Peter Warren faces multiple headwinds, including a shift to smaller and lower-priced new cars, competition impacting front-end gross margin, and a supply shortage with orders outpacing deliveries, the equity research firm said."Feedback continues to suggest that, at a headline level, new car demand has remained relatively resilient," Jarden said. "However, with broad expectations of house price declines to come, we note new car sales historically have not performed well in this environment."Jarden's earnings estimates for Peter Warren assume "essentially no underlying profit improvement" in the first half of fiscal year 2027 compared with the second half of fiscal year 2026, as well as a lower average price and volume.Despite a sell-off, the stock doesn't screen cheaply versus history on an earnings multiple basis, the investment firm said.It still maintained a buy rating on Peter Warren, saying that the company's net tangible assets sit at a comfortable premium to its share price, while reducing the target price to AU$1.55 from AU$2.50.Shares of Peter Warren gained 1% in recent Tuesday trade.

Peter Warren Automotive Expects Fiscal 2026 Underlying Profit Before Tax of Up to AU$15 Million; Shares Hit 14-Year Low

Peter Warren Automotive (ASX:PWR) expects fiscal 2026 underlying profit before tax to be in the range of AU$12 million to AU$15 million, according to a Monday filing with the Australian bourse.Shares fell past 24% in morning trade Monday and earlier reached their lowest since January 2012.

Peter Warren Automotive Non-Executive Chair Retires

Peter Warren Automotive Holdings' (ASX:PWR) non-executive chair and director, John Ingram, is set to retire effective June 30, according to a Friday filing with the Australian bourse.Executive Director Paul Warren will move to the executive chair position on July 1, per the filing.