Canaccord sets AUD 28.80 target for Eagers stock
Published on 10/20/2026 at 00:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst views and transaction dates
- Canaccord Genuity maintained a Buy rating and set an AUD 28.80 target on October 6, 2026.
- UBS kept a Hold rating with an AUD 22.00 target on October 6, 2026.
- Ford approvals set October 31, 2026 as the effective date for two dealership transfers.
Eagers Automotive (ISIN AU000000APE3) drew a split analyst view on October 6, 2026, when Canaccord Genuity maintained a Buy rating and set an AUD 28.80 price target, according to Markets Insider. The same report said the latest quarter ending June 30 produced AUD 8.05 billion in revenue and AUD 126.59 million in net profit.
Analysts set different targets
Canaccord Genuity analyst Andrew Hodge kept the Buy rating and AUD 28.80 target. UBS analyst Tim Plumbe maintained a Hold rating and set an AUD 22.00 target on the same date, according to Markets Insider. The two targets frame a AUD 6.80 gap in the published views.
What does the New Zealand sale change?
Eagers is selling nine New Zealand retail and service centers to Armstrongs Motor Group, a transaction covering seven vehicle brands and reported combined annual turnover of AUD 325 million. GoAutoNews Premium reported on September 29, 2026 that Eagers will retain three easyauto123 used-vehicle outlets in New Zealand. The retained business had first-half volume growth of 30.40 percent, revenue growth of 39.90 percent and underlying profit growth of 42.90 percent, according to the same report.
Three dates track the strategy
The chronology runs from August 26, 2026, when first-half revenue reached AUD 8.05 billion, to September 29, 2026, when the nine-site New Zealand sale was reported at AUD 325 million of combined annual turnover, and October 6, 2026, when Canaccord Genuity set the AUD 28.80 target. Each figure points to a different part of the strategy: scale, portfolio focus and valuation.
Next dates for the transaction
Ford New Zealand approved the transfer of North Harbour Ford and John Andrew Ford with an effective date of October 31, 2026, while the next half-year report is listed for February 17, 2027. The dates matter because the sale still requires transaction steps before settlement.
Portfolio focus meets valuation debate
The latest figures show expansion remains substantial, but the New Zealand disposal narrows the operating footprint while preserving a used-car platform. The AUD 22.00 UBS target and AUD 28.80 Canaccord target show how differently analysts value the earnings mix.
Market context: Market report S&P/ASX 200.
