Highlights

  • Eagers Automotive (ASX:APE) shares closed at AUD 22.23 on 27 August 2026, down 5.08% or AUD 1.19.
  • Revenue increased approximately 24% to a record $8.1 billion for the half-year ended 30 June 2026.
  • Underlying profit before tax reached a record $250.4 million, with underlying EBITDA of $364.6 million.
  • CanadaOne Auto contributed approximately C$1 billion in Revenue and C$43.2 million in Underlying Profit before tax following consolidation.

Eagers Automotive (ASX:APE) has reported a record first-half performance for the period ended 30 June 2026, with revenue and Earnings growth supported by its expanded international footprint, particularly following the consolidation of CanadaOne Auto.

The company delivered its strongest half-year result, with revenue growth, improved profitability and continued expansion across Australia, New Zealand and Canada. The period also included a series of strategic investments and acquisitions aimed at strengthening Eagers’ position as a diversified automotive retail group.

Eagers Automotive (ASX:APE) shares closed at AUD 22.23 on 27 August 2026, down 5.08% or AUD 1.19

Financial Performance

Eagers Automotive recorded revenue of $8.1 billion for the half-year, representing growth of approximately 24% compared with the previous corresponding period.

Underlying profit before tax increased to a record $250.4 million, while statutory profit before tax was $243.1 million. Underlying EBITDA reached $364.6 million, with an EBITDA Margin of 4.5%.

The company’s performance reflected contributions from both organic growth and recently completed strategic initiatives, including the expansion of its Canadian operations.

Canada Expansion

CanadaOne Auto was a key contributor during the period following its consolidation from 30 April 2026.

The Canadian Business generated approximately C$1 billion in revenue and C$43.2 million in underlying profit before tax during its initial two months of contribution. CanadaOne delivered a return on sales of 4.2%, exceeding the domestic operation’s margin profile.

The Canadian business continued to demonstrate growth momentum, with July turnover increasing 12.8% year-on-year.

The expansion into Canada represents a major step in Eagers’ strategy to build a broader international automotive retail platform.

Core Markets

Australia and New Zealand remained the foundation of Eagers’ earnings, generating underlying profit before tax of $207.2 million, up 5% year-on-year.

Revenue from the region increased 8%, supported by higher vehicle deliveries and improved market positioning.

New vehicle deliveries increased 16% on a like-for-like basis, while Market Share reached a record 17.9%.

Eagers highlighted its operating efficiency, with Australia and New Zealand achieving a return on sales of 3%, compared with a lower industry average.

Strategic Growth

Eagers continued expanding its portfolio through acquisitions and investments during the period.

The company acquired a 49% stake in Grand Motors Group, which represents approximately $490 million in turnover, with settlement completed on 31 July 2026.

The company also incorporated an Audi Centre business with approximately $140 million in turnover and progressed its Investment in Karmo.

At the same time, Eagers exited a loss-making New Zealand Franchise as part of its portfolio optimisation strategy.

The company reported an order bank exceeding 25,000 units, while new-energy vehicles represented approximately one-quarter of the Australian market.

Outlook

Eagers Automotive expects continued growth supported by its expanded dealership network, international operations and strategic acquisitions.

Management remains focused on maintaining its strong net profit margin performance while leveraging the scale of its expanded platform.

The August order bank increased 4% on a like-for-like basis, indicating continued Demand momentum.

However, future performance will depend on maintaining margins, integrating recent acquisitions and navigating broader automotive market conditions.

Key Risks

Eagers remains exposed to several industry factors, including interest rates, consumer confidence, vehicle Supply conditions and changes in new vehicle demand.

The expansion into Canada introduces additional considerations, including currency movements and integration execution.

While acquisitions provide opportunities for scale and earnings growth, successful integration and maintaining profitability across multiple markets will remain important factors for long-term performance.