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An announcement from Bapcor Ltd ( (AU:BAP) ) is now available.
Pinnacle Investment Management Group, along with its listed subsidiaries, has notified Bapcor Ltd that it has ceased to be a substantial holder in the automotive parts supplier as of 20 March 2026. The change reflects a reduction in Pinnacle’s relevant voting interest below the substantial holding threshold, signalling a shift in the company’s institutional investor base but with no disclosed alterations to associate relationships.
While detailed transaction data and consideration are contained in annexures, the filing confirms that there have been no changes in associations linked to Pinnacle’s holding in Bapcor. The move may modestly affect Bapcor’s shareholder structure and market perception of institutional support, although no direct operational implications for the automotive group are indicated in the notice.
The most recent analyst rating on (AU:BAP) stock is a Hold with a A$0.58 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 an Australian-listed company operating in the automotive aftermarket sector, supplying parts, accessories and related services to trade, retail and wholesale customers. The group focuses on vehicle parts distribution and associated solutions across Australia and neighbouring markets, serving workshops, fleet operators and individual motorists.
Average Trading Volume: 6,189,533
Technical Sentiment Signal: Sell
Current Market Cap: A$360.2M
Find detailed analytics on BAP stock on TipRanks’ Stock Analysis page.