Australia's Eagers Automotive rises on deal with Ferrari, Lamborghini dealer

EAGERS AUTOMOTIVE

10/09/2026 01:50

** Shares of Eagers Automotive APE.AX rise as much as 2.3% to A$20.16, on track to snap a two-session losing streak, if gains hold 
** APE enters an agreement to buy 50% interest in the Zagame Automotive Group, with business to operate as JV between company and Zagame founder Bobby Zagame 
** Zagame posted ~A$600 million ($432.96 million) revenue in FY26, and is the exclusive dealer for Ferrari, McLaren, Lamborghini and Rolls-Royce in Victoria, among others
** Company expects investment to be immediately earnings accretive 
** YTD, APE shares down 18.2%

($1 = 1.3858 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))