Australia's Peter Warren Automotive extends gains on FY outlook beating estimates

Peter Warren Automotive Holdings

24/07/2025 04:57

** Shares of Peter Warren Automotive PWR.AX extend gains, rise as much as 6.4% to A$1.755, highest level since November 26, 2024

** Automotive dealership firm estimates FY underlying PBT to be around A$22 mln ($14.55 mln), ahead of Visible Alpha consensus of A$15.8 mln

** Morgan Stanley notes strong end of FY seasonality from marketing campaigns with rebound to positive in June new vehicle sales after being in decline for most of year

** Brokerage says inventory management and better cost control should also have annualisation runway in FY26

** Average rating of seven analysts "hold"; their median PT is A$1.49 – according to data compiled by LSEG

** Stock last up 3.6% with YTD gains of 14%

($1 = 1.5119 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))