Jefferies Flags ARB Share Decline Amid Tariff Uncertainty

Tue 18 Mar 25, 12:34 AM | Team Kalkine

Image source: Shutterstock

Highlights

ARB shares have fallen 21% post-U.S. election, compared to a 12% rise in Asian auto parts stocks.

Tariffs on steel and aluminum could impact ARB's operations in Thailand and Australia.

Jefferies maintains a "Hold" rating with a price target of AU$36 per share.

Auto parts manufacturer ARB Corporation (ASX:ARB) has seen a sharp 21% drop in share price since the U.S. election, according to a report by Jefferies. This decline starkly contrasts with the 12% average rise in Asian auto parts companies, highlighting investor concerns over new tariff policies.

Tariff Impact on ARB’s Operations

The brokerage notes that the new U.S. tariff regime remains uncertain, but key concerns include:

25% tariffs on auto imports from USMCA partners (Canada and Mexico).
20% tariffs on Chinese auto parts, which led to China retaliating with tariffs on larger U.S. vehicles.
A 25% additional tariff on steel and aluminum from all countries, which could affect ARB’s operations in Thailand and Australia.

However, Jefferies states that the full impact on auto parts manufacturers like ARB remains unclear at this stage.

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