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Bapcor Ltd ( (AU:BAP) ) has issued an announcement.
Bapcor Ltd has announced a trading update for the second half of FY25, revealing a pro-forma net profit after tax of $81-82 million and a statutory net profit after tax of $31-34 million. The company’s performance was impacted by weaker sales, particularly in May and June, and significant disruptions in its Specialist Wholesale segment due to consolidation activities. Despite these challenges, Bapcor has made strategic investments in IT systems and marketing, aiming for future growth. The company has also conducted a comprehensive review of its balance sheet, identifying significant non-cash items that affected its statutory profit. With a refreshed leadership team and strategy, Bapcor is focused on simplifying operations and achieving sustainable growth.
The most recent analyst rating on (AU:BAP) stock is a Hold with a A$5.40 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 Ltd is a company operating in the automotive aftermarket industry, providing trade, specialist wholesale, and retail services. The company focuses on the Australasian market, offering a range of automotive parts, accessories, and services.
Average Trading Volume: 701,817
Technical Sentiment Signal: Buy
Current Market Cap: A$1.7B
For an in-depth examination of BAP stock, go to TipRanks’ Overview page.