Eagers Automotive Trading Update
Key points
- Third quarter trading impacted by industry-wide headwinds
- Company expects record revenue in 2026
- CanadaOne Auto outperforms expectations
- Underlying return on sales expected to be 2.8%-3.0%
Full summary
Eagers Automotive Limited (ASX: APE) has provided an update on trading conditions for the year ending 31 December 2026. The third quarter was impacted by industry-wide headwinds, including elevated interest rates, inflation, and higher fuel prices. Despite these challenges, the company's performance has remained resilient. Eagers Automotive leverages its OEM portfolio and growing new car market share to scale its easyauto platform. CanadaOne Auto delivered third-quarter performance above expectations and shows significant expansion opportunities in North America. The company expects to achieve full-year reported revenue between $17.3 billion and $17.5 billion, up at least 30% from the prior year. Underlying return on sales is expected to be in the range of 2.8%-3.0%.
Guidance
Full year reported revenue: $17.3 billion - $17.5 billion; Underlying return on sales: 2.8%-3.0%
Outlook
Eagers Automotive expects to significantly outperform the broader industry by achieving an underlying return on sales of 2.8%-3.0% for the full year in 2026.
Summary generated by a large language model. Please interpret with care.