Eagers Automotive stock falls 1.46 percent after H1 growth

Published on 09/28/2026 at 12:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eagers Automotive stock was last at AUD 18.22 on September 28, 2026, while half-year sales reached AUD 8,053.50 million. Analysts cut targets after the result.

Eagers, AU000000APE3, Illustration mit AI erstellt.

Eagers Automotive stock (ISIN AU000000APE3) fell 1.46 percent to an intraday last price of AUD 18.22 on the ASX on September 28, 2026, at 4:10 p.m. AEST. The move came as the automotive retailer continued its share cancellation program, while its latest half-year figures showed higher sales but a demanding margin backdrop.

Buyback remains the immediate peg

Bold Investors listed Eagers Automotive's notification of cessation of securities on September 28, 2026. The filing was classified as securities administration and follows earlier disclosures tied to the company's on-market buyback.

A September 2026 update reported that Eagers canceled 2,000 shares on September 14 and another 44,386 shares on September 15. The reduction is small beside the broader capital base, but the sequence makes capital returns a measurable part of the current equity story.

Half-year sales reached AUD 8.1 billion

According to Simply Wall St on September 3, 2026, Eagers reported half-year 2026 sales of AUD 8,053.50 million and net income of AUD 126.59 million. The company also declared a fully franked interim dividend of AUD 0.25 per share.

FNArena reported that underlying profit before tax rose 27 percent to AUD 250.4 million and revenue grew 24 percent to AUD 8.1 billion. Underlying EBITDA increased 23 percent to AUD 364.1 million, giving investors a clearer measure of operating momentum than the share price alone.

Targets moved after the result

FNArena said Jarden cut its target to AUD 23.40 from AUD 23.90 and moved to Neutral from Overweight after the first-half result. The same report said Moelis retained a Buy rating while reducing its target to AUD 25.29 from AUD 26.35.

That contrast captures the central issue for Eagers Automotive. Revenue growth and profit expansion remain visible in the half-year numbers, but broker caution reflects consumer exposure, vehicle-volume sensitivity and the valuation required to convert growth into durable earnings.

Stock sits at its 52-week low

Eagers Automotive's AUD 18.22 price on September 28, 2026, matched its 52-week low of AUD 18.22 and stood below the 52-week high of AUD 35.64. Market capitalization was AUD 5.1 billion, with 444,229 shares traded during the session.