Eagers Automotive (ASX: APE): Record Revenue in Focus

Aditi Sarkar

29 July 2026 11:32 PM AEST

Eagers Automotive (ASX: APE): Record Revenue in Focus

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Key Highlights

Eagers Automotive (ASX: APE), Australia's biggest car retailer, has posted record annual revenue above A$13 billion.
Eagers Automotive (ASX: APE) is Australia's largest automotive retailer, and it enters the second half of 2026 having delivered its highest-ever annual revenue.
Founded in Brisbane in 1913 by Edward George Eager, Eagers Automotive (ASX: APE) has grown over more than a century into the country's dominant new and used vehicle retailer, with operations across Australia and New Zealand.
Its scale was transformed by the 2019 acquisition of Automotive Holdings Group.

Eagers Automotive (ASX: APE), Australia's biggest car retailer, has posted record annual revenue above A$13 billion. We examine the numbers, its evolving BYD relationship and what could drive the shares from here.

Company Overview

Founded in Brisbane in 1913 by Edward George Eager, Eagers Automotive (ASX: APE) has grown over more than a century into the country's dominant new and used vehicle retailer, with operations across Australia and New Zealand. Its scale was transformed by the 2019 acquisition of Automotive Holdings Group.

Recent Developments

For the financial year ended 31 December 2025, Eagers reported statutory revenue of about A$13.05 billion, up roughly 16.5 per cent on the prior year's A$11.2 billion — a record for the group. Statutory profit before tax rose to approximately A$393.7 million from A$335.6 million, and statutory net profit after tax lifted around 10.5 per cent to about A$226.7 million. (These are statutory figures drawn from market data aggregators; Eagers separately reports an "underlying" operating measure in its own accounts,…

Financial and Operational Snapshot

The FY2025 result reflected both organic growth and Eagers' consolidation of a fragmented dealership market. Revenue growth comfortably outpaced net-profit growth, a reminder that automotive retail is a high-turnover, relatively thin-margin business where new-vehicle gross margins can compress as supply normalises after the pandemic-era shortages. Basic earnings per share came in near 87 cents for the year. The property portfolio continues to provide an asset-backed underpinning that differentiates Eagers from asset-light peers.

What May Be Watched Next

Several forward-looking factors, which readers should treat as indicative rather than guaranteed, could shape the outlook. Continued bolt-on acquisitions in a still-fragmented dealership sector remain a core strategy. Growth in the standalone used-car channel via easyauto123, expansion of higher-margin service, parts and finance income, and monetisation or redevelopment of the property portfolio are all potential levers. Ongoing volume from EV and hybrid brands, including BYD retailing, adds a structural tailwind if consumer adoption keeps building. The next scheduled catalyst is…

Key Risks

The risks are real and should be weighed alongside the opportunities. Margins on new vehicles can normalise lower as supply improves; consumer demand is sensitive to rates and confidence; and the influx of competitively priced Chinese EVs could pressure both new-car margins and used-vehicle values. Eagers' scale brings integration and execution risk on acquisitions, and its reliance on manufacturer franchise agreements means changes to a key brand relationship — as the BYD distribution shift illustrated — can alter the earnings…

What does Eagers Automotive (ASX do?

What is the latest development?

What financial or operational point stands out?

What may be watched next?

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