Eagers Automotive Ltd (ASX:APE) Shares Edge Higher: Latest Announcement and Share Price Update

Sonal Goyal

23 October 2026 02:45 PM AEDT

Eagers Automotive Ltd (ASX:APE) Shares Edge Higher: Latest Announcement and Share Price Update

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Eagers Automotive Ltd (ASX:APE) shares were trading 0.27% higher at $18.50 during the 23 October 2026 session.
Record half-year Revenue of $8.1 billion was reported, up 24.0%, including a two-month contribution from CanadaOne Auto.
A fully franked Interim Dividend of 25.0 cents per share was declared, up from 24.0 cents.

Shares in Eagers Automotive Ltd (ASX:APE) were trading 0.27% higher at $18.50 during the Trading session on 23 October 2026. The move compares with a 1.77% gain, or 65.10 points, in the S&P/ASX 200 Consumer Discretionary index (XDJ) to 3,742.80 at 1:31 pm AEDT, a 0.38% rise in the S&P/ASX 200 (XJO) to 8,760.00 and a 0.54% rise in the All Ordinaries to 8,868.90. Eagers Automotive is an automotive retail group in Australia and New Zealand with a recent expansion into Canada. The company released its half-year results on 27 August 2026.

Latest development: 1H26 results (27 August 2026)

For the six months ended 30 June 2026, Eagers Automotive reported record half-year revenue of $8.1 billion, up $1.6 billion or 24.0% on 1H25. This included about $1.0 billion from a two-month contribution of CanadaOne Auto, with revenue in Australia and New Zealand up about $500 million, or 8.0%, to $7.0 billion.

Underlying operating profit before tax was a record $250.4 million, compared with $197.7 million in 1H25. The Australia and New Zealand Business contributed $207.2 million, up 4.8%, and CanadaOne Auto contributed $43.2 million. Statutory profit before tax was $243.1 million, up 25.7%. The underlying return on sales Margin was 3.1%, compared with 3.0% in the prior period.

Latest development: market share, dividend and balance sheet

The company said it reached a record 15.9% share of the Australian new vehicle market in the first half of 2026 and recorded its best first-half performance in its independent pre-owned business. The board approved a fully franked interim dividend of 25.0 cents per share, compared with 24.0 cents in the prior period.

Available Liquidity was $2,610.9 million at 30 June 2026, compared with $1,787.9 million at 31 December 2025. Cash on hand was $1,165.2 million, and corporate Debt net of cash was $674.9 million, up from $100.0 million at the end of 2025. The gearing ratio was 0.72 times, compared with 0.18 times. The owned property portfolio increased to $1,623.3 million, including CanadaOne Auto's property holdings.

Latest development: second-half priorities

Priorities outlined for the second half include continued optimisation of the partner portfolio within what the company described as a stable Australian new car market, a full second-half contribution from CanadaOne Auto, further scaling of its independent pre-owned business, easyauto123, and integration of recent and pending investments including Grand Motors Group and Karmo.

About Eagers Automotive and what it does

Eagers Automotive is an automotive retailer that sells new and used vehicles and provides servicing, parts and finance-related services through dealerships representing a range of vehicle brands. The group operates across Australia and New Zealand and expanded into Canada with CanadaOne Auto. It also operates easyauto123, an independent pre-owned vehicle business.

Risks and catalysts on watch

The release referred to industry transformation, including consolidation and the evolution of go-to-market models among established and emerging vehicle brands, and the need for disciplined Capital allocation. Higher net debt and gearing compared with the end of 2025, and the dependence of Earnings on vehicle Supply from manufacturer partners, are items shareholders may consider.

Items that may attract attention include the full half-year contribution of CanadaOne Auto, the integration of Grand Motors Group and Karmo, the growth of easyauto123 and further acquisitions in Australia and North America.

Closing perspective

Eagers Automotive shares edged higher on 23 October 2026, a smaller move than the consumer discretionary index. The company's latest results of 27 August 2026 showed record half-year revenue and profit, a higher interim dividend and higher net debt following the addition of CanadaOne Auto. Further updates will be released through the ASX.

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