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An update from Bapcor Ltd ( (AU:BAP) ) is now available.
Bapcor has disclosed a change in director Lachlan Edwards’ interests, with his indirect holding in the company increasing through the Edwards Family Super Fund. The fund, for which Edwards is a practical controller and beneficiary, purchased 151,500 fully paid ordinary shares on‑market between $0.75 and $1.00 per share, lifting its total holding to 175,010 shares and signaling increased personal exposure to the company’s equity.
The transaction, executed via custodian nominee Invia Custodian Pty Ltd, involved no disposals and did not occur during a closed trading period. While routine in nature, the move may be interpreted by investors as a vote of confidence in Bapcor’s prospects from a board member, given the substantial expansion of his stake at current market prices.
The most recent analyst rating on (AU:BAP) stock is a Hold with a A$0.77 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.
More about Bapcor Ltd
Bapcor Limited is an automotive parts and services group based in Australia, operating in the aftermarket sector. The company focuses on supplying replacement parts, accessories and related services for vehicles, servicing trade, wholesale and retail customers across its network.
Average Trading Volume: 4,766,332
Technical Sentiment Signal: Sell
Current Market Cap: A$450.6M
For a thorough assessment of BAP stock, go to TipRanks’ Stock Analysis page.