Eagers Automotive Limited (ASX:APE) has disclosed a trading update for the year ending 31 December 2026, forecasting record full year reported revenue from continuing operations in the range of $17.3 billion to $17.5 billion, representing growth of at least 30% on the prior financial year.

Key Points

  • Full year reported revenue from continuing operations expected to be in the range of $17.3 billion to $17.5 billion, up at least 30% on the prior financial year.
  • Underlying return on sales expected to be in the range of 2.8% to 3.0% for the full year 2026.
  • Both full year revenue and Underlying Profit Before Tax are expected to be records for Eagers Automotive in 2026.
  • CanadaOne Auto represents approximately 30% of expected revenue on a full year basis and delivered third quarter performance above expectations.
  • Eagers Automotive held a 31% market share of NEV (plug-in) vehicles for the first six months ended 30 June 2026.

Third Quarter Trading Conditions in Australia

According to the filing, third quarter trading in Australia was impacted by industry-wide headwinds reflecting broader macroeconomic conditions, including an elevated interest rate environment, persistent inflationary pressures and higher fuel prices. The company said these conditions weigh on sentiment whilst adding pressure to the cost of doing business. The filing states that trading headwinds experienced across segments of the Australian automotive market will result in industry-wide pressure on overall net return on sales margin. The company said its performance has remained resilient despite these challenges.

Full Year 2026 Revenue and Profit Guidance

The company disclosed that, assuming third quarter market conditions continue through to year end, it expects to achieve full year reported revenue from continuing operations in the range of $17.3 billion to $17.5 billion. Continuing operations comprise all operations other than the group's franchised automotive operations in New Zealand, which were divested in October 2026. The company said it expects to significantly outperform relative to the broader industry, achieving an Underlying return on sales in the range of 2.8% to 3.0% for the full year. Both full year revenue and Underlying Profit Before Tax are expected to be records for the company.

CanadaOne Auto and easyauto Platform Performance

The filing states that CanadaOne Auto continues to outperform the market, delivering third quarter performance above expectations. The company described CanadaOne Auto as a proven operating platform with significant opportunities for expansion in North America, noting that further growth opportunities are well progressed. CanadaOne Auto represents approximately 30% of the company's expected revenue on a full year basis. The filing also identifies easyauto, the company's national pre-owned vehicle business, as a key strategic growth pillar, with the company stating it continues to accelerate the profitable scaling of the platform using its growing new car market share.