Australia's Bapcor skids to 11-year low on gloomy earnings outlook

SUPER RETAIL

08/12/2025 23:54

** Automotive parts retailer Bapcor BAP.AX tumbles as much as 18.51%
to A$1.915, to hit its lowest since late-June 2014

** Co warns 1H underlying NPAT at A$5 mln - A$8 mln ($3.31 mln - $5.30 mln) vs Jefferies’ A$19 mln view; FY outlook cut to A$44 mln - A$49 mln from A$54 mln estimate

** Jefferies says the downgrade was expected given recent trends, adding that while management touts a stronger 2H outlook, it’s hard to share their optimism

** Citi also says that the downgrade disappoints, though notes the cut is slightly surprising given co's directors bought shares on-market post-AGM

** Jefferies says BAP appears to be ceding trade share to Repco and CoolDrive, and retail share to Repco and Super Retail SUL.AX

** Citi stays cautious, citing Mark Powell’s exit, the fourth director this year, scant signs of a credible turnaround, and others

    ** Stock last down ~16%, taking YTD losses to 58.2%

($1 = 1.5097 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))