Australia's Bapcor recovers day after weak trading update; Morgan Stanley cuts outlook

Bapcor

28/07/2025 04:16

** Bapcor BAP.AX rises 1.3% to A$3.77

** Stock slid 28.4% on Thursday after flagging weak earnings

** Morgan Stanley cuts normalised NPAT estimates by 9%, 12% and 12.1% for FY25, FY26 and FY27 respectively

** Says auto parts retailer's sales softened across all divisions, implying negative momentum into FY26

** Adds immediate departure of three non-executive directors may suggest some elements of strategy still being debated internally

** BAP falls 20.2% YTD

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))