Australia's Bapcor falls as brokerages trim valuation on fading hopes for rebound

Bapcor

10/12/2025 24:04

Updates

** Shares of Bapcor BAP.AX fall as much as 1.9% to A$1.815 in early trade, extend declines for a second consecutive session

** Morningstar and Jefferies cut their valuations and earnings views for auto parts retailer as troubles in its key trade division continue to weigh on business

** Co warned on Tuesday FY26 statutory NPAT at A$31 million - A$36 million ($20.58 million - $23.90 million) vs earlier guidance A$40 million - A$50 million

** Morningstar cuts fair value estimate by 6% to A$4.7, says co's turnaround is proving longer and more painful than the market anticipated

** Jefferies cuts price target to A$3.4 from A$2.5

** Stock down 61.4% YTD, including the day's moves

($1 = 1.5063 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com))