ASX Announcements
Market Sensitive
Profit Guidance, Trading Update, Trading Halt Lifted
- May 2, 2024
- 2 pages
This Month
McKinsey program leaves Bapcor in a hole
Instead of delivering the $100 million in extra profits promised, the strategy overhaul has left the automotive giant in disarray and profits sliding.
- Simon Evans
Bapcor shapes as takeover target after share price rout
Macquarie says the Autobarn owner is a target after the 24pc plunge in its share price. It had private equity owners more than a decade ago.
- Simon Evans
‘Consumers pulling back’: Autobarn owner Bapcor in $500m wipeout
Shares in Bapcor, which runs 1100 stores under the Autobarn, Autopro and Burson banners, tumbled as much as 35 per cent after a hefty profit downgrade.
- Simon Evans
Ex-Bapcor boss braces for the worst after CEO no-show
“I should have sold a long time ago,” says former Bapcor CEO Darryl Abotomey, adding that it is disappointing to see the company go through more turmoil.
- Simon Evans
April
Bapcor CEO-elect quits two days before taking job
Paul Dumbrell has pulled out of taking the top job as investors brace for a profit downgrade and one of the founders lashes out at the board.
- Updated
- Simon Evans
March
Thai PM wants Australia to slow car emissions plan
The Thai government says Prime Minister Srettha Thavisin urged Anthony Albanese to slow rollout of new emissions standards, but Australia insists the issue was not raised at ASEAN in Melbourne.
- Updated
- Phillip Coorey and Simon Evans
February
Autobarn’s owner Bapcor spins its wheels with four CEOs in two years
Investment bank analysts are split on whether clients should be buying into the auto parts retailer and wholesaler. A new boss has his work cut out for him.
- Simon Evans
- Opinion
- Chanticleer
Fresh faces spring hopes of a market darling’s comeback
Bapcor has some terrific businesses, but the ASX-listed auto parts group as a whole hasn’t been firing for investors. Change is coming.
- Anthony Macdonald
January
Bapcor emerges as prime private equity target as share price sinks
A number of investment banks including Goldman Sachs have pitched the auto parts retailer behind the Autobarn brand as a potential opportunity, sources said.
- Aaron Weinman
November 2023
Bapcor cutting jobs in the run-up to Christmas
Street Talk understands the ASX-listed auto parts retailer has laid off nearly 100 employees in recent weeks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August 2023
- Opinion
- Chanticleer
What we learnt: Transurban, Bapcor, Vicinity Centres, debt costs
The Chanticleer team examine Transurban’s nifty interest rate win, Bapcor’s staff turnover and who’s stopped spending at Vicinity Centres’ malls.
- Anthony Macdonald and James Thomson
February 2023
Shoppers turn to DIY car maintenance amid rates squeeze
The CEO of Super Retail, which owns 330 Supercheap Auto stores, says sales in auto maintenance are on the rise as higher interest rates cause customers to shift from ‘wants to needs’.
- Simon Evans
October 2022
Bapcor’s Darryl Abotomey loses golden handshake
The only real surprise is that 47 per cent of shareholders voted to pay former chief executive Abotomey more than $2 million of benefits.
- Joe Aston
Dash cam and car seat cover index shows positive signs
The owner of 1100 Autobarn, Autopro and Burson stores says profits are up by mid-single digits, with shoppers not curbing spending.
- Simon Evans
August 2022
Autobarn owner Bapcor eyes accelerated returns
The new chief of the auto parts retailer wants to “fix the roof while the sun is shining” and go up a gear in investment returns.
- Simon Evans
July 2022
Repco sales rise as drivers hold on to cars for longer
Repco, which runs 400 auto parts stores in Australasia, has been a winner for US giant Genuine Parts in a market with “robust demand”.
- Simon Evans
June 2022
Used car prices jump 18pc but momentum slows
Overall prices for second-hand cars have jumped 79 per cent since the start of the pandemic.
- Simon Evans
March 2022
The ASX stocks set to win from the fuel excise cut
Households have been spared a combined $3 billion hit from fuel excise, and motorists are set to head out on the road again.
- Simon Evans
Ex Bapcor CEO joins high-tech welding disrupter K-Tig
Darryl Abotomey has found a new spark as a director of an $80 million minnow after leaving the car parts retailer in acrimonious circumstances.
- Simon Evans
February 2022
New broom, new bankers for Bapcor
The car parts group’s changing of the guard has seen a reshuffling in its adviser ranks.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
