Australia's Eagers Automotive hits over 18 month low as cost pressures hit Q3 trading

By Reuters News03:40 (UTC), 5 November 2026 Updated

** Shares of Eagers Automotive APE.AX fall 15.5% to A$16.17, their lowest level since early April last year

** Stock on track for worst day since March 2020, if trend holds

** Automotive retailer says Q3 trading in Australia was weighed down by industry-wide challenges amid broader economic pressures, including high interest rates, persistent inflation and elevated fuel costs

** However, forecasts FY reported revenue from cont ops between A$17.3 billion ($12.13 billion) and A$17.5 billion, up ~30% from last year

** APE is the top laggard on the benchmark .AXJO which is up 2.3% on the day

** About 2.9 mln shares change hands, 5.2x the 30-day average of 553,327

** Stock down 34.5% YTD

($1 = 1.4267 Australian dollars)

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