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Largest automotive dealership group in Australia and New Zealand, selling new and used vehicles and related finance and aftersales services.
Largest automotive dealership group in Australia and New Zealand, selling new and used vehicles and related finance and aftersales services.
Sells vehicles under franchise agreements with carmakers, so makers' supply and pricing rules shape the business; new cars carry thin margins, while used cars, finance and insurance commissions, and servicing and parts earn more. It grew by buying other dealer groups, notably Automotive Holdings Group in 2020.
In one line: Australia's AutoNation.
Moat: narrow (scale, distribution, brand). Largest dealership network and OEM relationships give scale and negotiating leverage over smaller dealer groups.
Headquarters: Brisbane, Australia · Founded: 1957
Size Eagers Automotive (APE.AX) is an Australia Consumer Discretionary company (Specialty Stores) with a market value of $3.18B, the 97th largest of 316 Australia companies the cockpit tracks. Shares closed at A$16.22 on 6 Nov 2026.
Performance Over six months the shares fell 30.6%, against +10.4% for the median peer and +4.1% for the Australia market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 19.4% over the last twelve months (peer median +3.3%); the operating margin is 4.4% (peer median 8.5%).
Valuation It trades at 16.5× forward earnings against a peer median of 17.1× (10th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points below its cost of capital (8.2% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$14.6B | A$13.0B | A$11.2B | A$9.85B | A$8.54B |
| Revenue growth | — | +17% | +14% | +15% | — |
| Gross profit | A$1.25B | A$1.15B | A$1.06B | A$994M | A$846M |
| EBITDA | A$808M | A$767M | A$688M | A$682M | A$601M |
| Net income | A$235M | A$227M | A$205M | A$281M | A$308M |
| Free cash flow | A$868M | A$388M | A$227M | A$346M | A$210M |
| Capital expenditure | A$108M | A$71.3M | A$118M | A$74.3M | A$209M |
| Total debt | n/a | A$3.06B | A$3.37B | A$2.67B | A$2.34B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Eagers Automotive APE.AX | $3.18B | -31% | +19% | 4% | 16.5× | 5.9% |
| AutoNation AN | $5.88B | -11% | -2% | 5% | 8.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | APE.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.8% | +12.5% | lowest of 21 |
| 6-month return | -30.6% | +10.4% | lowest of 20 |
| Distance from 52-week high | -49.1% | -17.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | +19.4% | +3.3% | 4th highest of 21 |
| Operating margin | 4.4% | 8.5% | 6th lowest of 21 |
| Forward P/E | 16.5× | 17.1× | 10th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 5.9% | 4.0% | 9th most demanding of 19 |
| Growth delivered (Del g) | +8.3% | +4.7% | 7th highest of 19 |
| Hurdle (Req g minus delivered) | -2.4 pp | -4.4 pp | 8th most demanding of 19 |
| ROIC minus cost of capital | -2.5 pp | +2.0 pp | 5th lowest of 21 |
| EV / EBITDA | 11.7× | 9.3× | 7th most expensive of 20 |
| Net debt / EBITDA | 5.1× | 2.1× | 4th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eagers Automotive APE.AX | Australia | $3.18B | -31% | +19% | 4% | 16.5× | 5.9% | +8.3% |
| Warby Parker WRBY | United States | $3.15B | -14% | +11% | 0% | 57.8× | n/a | n/a |
| Group 1 Automotive GPI | United States | $3.12B | -27% | -3% | 5% | 7.1× | -6.1% | +16.3% |
| TRIAL Holdings.Inc 141A.T | Japan | $3.12B | +2% | +69% | 2% | 43.1× | 11.0% | +53.9% |
| MINISO 9896.HK | Hong Kong | $3.34B | -25% | +31% | 13% | 9.9× | 1.5% | +18.5% |
| Asbury Automotive ABG | United States | $3.64B | +1% | -1% | 5% | 7.6× | -2.4% | +20.3% |
| Advance Auto Parts AAP | United States | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% | -3.2% |
| Shanghai Yuyuan Tourist Mart 600655.SS | China | $2.70B | -6% | -21% | -3% | 77.3× | 15.9% | -4.4% |
| Bob's Discount Furniture BOBS | United States | $2.54B | +42% | +17% | 9% | 20.2× | 13.4% | +4.0% |
| RH RH | United States | $2.48B | -2% | +3% | 10% | 20.2× | 11.4% | +3.8% |
| Academy Sports and Outdoors ASO | United States | $4.14B | +24% | +4% | 10% | 9.9× | -1.2% | +1.2% |
| Dunelm DNLM.L | United Kingdom | $2.44B | +24% | +3% | 12% | 11.7× | 2.4% | +6.4% |
| POYA International 5904.TWO | Taiwan | $2.38B | +65% | +13% | 17% | 18.7× | 0.7% | +7.6% |
| Bath & Body Works BBWI | United States | $4.31B | +8% | -2% | 15% | 8.3× | -8.8% | +2.5% |
| Watches of Switzerland WOSG.L | United Kingdom | $2.34B | +43% | +11% | 10% | 14.1× | 14.5% | +15.1% |
| Signet Jewelers SIG | United States | $4.37B | +34% | +1% | 7% | 9.4× | -1.3% | +5.4% |
| Endeavour EDV.AX | Australia | $4.48B | +10% | +1% | 4% | 21.4× | 14.9% | +1.0% |
| Lalithaa Jewellery Mart LALITHAA.NS | India | $2.21B | n/a | +48% | 6% | n/a | n/a | n/a |
| Lovisa LOV.AX | Australia | $2.18B | +32% | +18% | 18% | 27.8× | 21.9% | +26.7% |
| Super Retail SUL.AX | Australia | $2.14B | +22% | +3% | 9% | 13.8× | 6.7% | +4.0% |
| North West NWC.TO | Canada | $2.02B | +17% | +1% | 8% | 17.1× | -2.8% | +1.9% |