Australia's Bapcor heads for worst weekly drop; brokerages cut profit views

Bapcor

25/07/2025 04:24

Updates

** Shares of Bapcor BAP.AX set for their worst weekly drop with a 28.5% slump so far

** Stock up 0.1% at A$3.665 on Friday

** Morningstar cuts its fair value estimate for Bapcor BAP.AX by 18% to A$6.00, reflecting more extended turnaround and lower forecast mid-cycle earnings

** Morningstar cuts fiscal 2025 net profit forecast for Bapcor by 19%

** BAP declined more than 28% on Thursday after flagging weaker-than-expected earnings, impairments and abrupt exits of three directors

** Citi slashes NPAT estimates by 17%, 25% and 27%, respectively, for FY25, FY26 and FY27 on less-optimistic outlook for sales across all segments

** Further, the lack of explanation around why three directors resigned, makes the near-term outlook even more uncertain, in our view - Citi

** YTD, shares down 22.4%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))