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Ap Eagers Limited

A.P. Eagers Limited is a pure automotive retail group with our main operations in Queensland, Adelaide, Darwin, Melbourne, Sydney, the Newcastle/Hunter Valley region of New South Wales and Tasmania.

We represent a diversified portfolio of automotive brands, including all 19 of the top 20 selling car brands in Australia and 9 of the top 10 selling luxury car brands. In total, we represent 27 car brands and 10 truck and bus brands.

Our core business consists of the ownership and operation of motor vehicle dealerships. We provide full facilities including the sale of new and used vehicles, service, parts and the facilitation of allied consumer finance.

Our operations are typically provided through strategically clustered dealerships, many of which are situated on properties owned by us, with the balance leased.

We own $332 million of prime real estate positioned in high profile, main road locations in Brisbane, Sydney, Melbourne, Adelaide and Newcastle.

ASX Code
APE

Sector
ASX200 Retailing

Website
https://www.apeagers.com.au/

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News

AP Eagers Avoids Downgrade

Brisbane-based car dealer, A.P. Eagers has belied the market gloom about its share price in recent months with a profit upgrade that revealed a tiny 0.3% rise in pre-tax profit for the six months to June 30. That is better than the downgrade in may suggested.

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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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