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Ap Eagers Limited

( ASX:APE ) - Retailing

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Analyst Views

APE – Morgans rates the stock as Add

The trading update reflected tougher market conditions and a softer-than-expected outcome for Automotive Holdings in the year to date. Morgans suspects this reflects a more conservative accounting treatment by AP Eagers, softer new vehicle sales, and underperformance by Automotive Holdings.

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