$Eagers Automotive Ltd (APE.AU)$ The 3 major Car Dealers trading on the ASX are all trading on about 7 times earnings.There cheap! In order i like(PWA) Peter Warren Automotive with the most upside as there property holdings are substantial and can borrow on it to continue growth Eagers & Autosports are both also solidly run Profitable businesses. Unless you think cars will be replaced by spacecraft in the next 5 years these stocks are no brainers with there Dividend...
Car dealer$Eagers Automotive Ltd (APE.AU)$was the latest and warned about “softness” in Sydney. That to me was definitely an eye opener because if Sydney siders are feeling the squeeze then every other capital city can’t be too far behind. I maintain my AVOID on consumer discretionary stocks – I just see no reason to be in the sector. You’ll have opportunities galore down the track.
2
1
Report
Lonewolfcow
:
Very short view. Softness has been priced in. Last time I checked there’s a flood of cars on the road & there going to need to be updated very soon. A lot of people held off during Covid & the same people will realise high car prices are here to stay. They will be buying shortly
May 22, 2024 - On Wednesday, shares of Australia’s largest car dealership group$Eagers Automotive Ltd (APE.AU)$plunged by 13.54% following its warning that profits for 2024H1 are anticipated to be 15 per cent lower compared to the previous year. According to the announcement, the total revenue of$Eagers Automotive Ltd (APE.AU)$is up 18.3% for the first four months in 2024, and they are well on track to deliver over A$11 billion...
G'day, mooers! Check out the latest news on today's stock market! • S&P 500 retreats from record high • Banks drag ASX down; Iron ore miners rebound • Stocks to watch: Myer, Appen Wall Street Summary On Wednesday, the US stock market experienced mixed results as some tech giants saw their stocks retreat, causing the$S&P 500 Index (.SPX.US)$'s record-setting run to pause. The S&P 500 index decreased by about 0.2%, while the$Dow Jones Industrial Average (.DJI.US)$rose by 0...
G'day, mooers! Check out the latest news on today's stock market! • Wall Street shut • ASX flat in first trading session of 2024 - Moomoo News AU Wall Street Summary Over on Wall Street, the rally that pushed the$S&P/ASX 200 (.XJO.AU)$within just a few points for resetting its record in the last week of 2023, finished off the year, out of momentum. Wall Street was closed on Monday, New Year's Day. AU Market Watch Austra...
We cover why the oil price could continue to rebound from last week's 8% sell-off, with energy companies to watch, which have been upgraded by analysts. Plus, why look at domestic stingy pre-Christmas spending beneficiaries' stocks, and glance at defence companies that could rally amid the strikes in Israel. Plus, what to watch amid US inflation being released. And...
Eagers Automotive Ltd Stock Forum
The 3 major Car Dealers trading on the ASX are all trading on about 7 times earnings.There cheap! In order i like(PWA) Peter Warren Automotive with the most upside as there property holdings are substantial and can borrow on it to continue growth Eagers & Autosports are both also solidly run Profitable businesses. Unless you think cars will be replaced by spacecraft in the next 5 years these stocks are no brainers with there Dividend...
That to me was definitely an eye opener because if Sydney siders are feeling the squeeze then every other capital city can’t be too far behind.
I maintain my AVOID on consumer discretionary stocks – I just see no reason to be in the sector.
You’ll have opportunities galore down the track.
• Top losers: $Eagers Automotive Ltd (APE.AU)$, $Genesis Energy Ltd (GNE.AU)$, $Life360 Inc (360.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed less than 0.1% lower at 7848.1, giving back early gains after hawkish interest-rate comments from neighboring New Zealand's central bank. The benchmark index was 0.4% higher but fell away after...
According to the announcement, the total revenue of $Eagers Automotive Ltd (APE.AU)$ is up 18.3% for the first four months in 2024, and they are well on track to deliver over A$11 billion...
Larger Image: tradingview.com...
$Eagers Automotive Ltd (APE.AU)$
• S&P 500 retreats from record high
• Banks drag ASX down; Iron ore miners rebound
• Stocks to watch: Myer, Appen
Wall Street Summary
On Wednesday, the US stock market experienced mixed results as some tech giants saw their stocks retreat, causing the $S&P 500 Index (.SPX.US)$'s record-setting run to pause.
The S&P 500 index decreased by about 0.2%, while the $Dow Jones Industrial Average (.DJI.US)$ rose by 0...
• Top losers: $Bapcor Ltd (BAP.AU)$, $BWP Trust (BWP.AU)$, $Insurance Australia Group Ltd (IAG.AU)$
$S&P/ASX 200 (.XJO.AU)$ ended 0.5% higher at 7627.8 in the first trading session of 2024, edging toward its record close set in August 2021. All sectors except property trusts finished the day in the green.
Energy was the best-perfor...
• Wall Street shut
• ASX flat in first trading session of 2024
- Moomoo News AU
Wall Street Summary
Over on Wall Street, the rally that pushed the $S&P/ASX 200 (.XJO.AU)$ within just a few points for resetting its record in the last week of 2023, finished off the year, out of momentum. Wall Street was closed on Monday, New Year's Day.
AU Market Watch
Austra...
• Top losers: $Zimplats Holdings Ltd (ZIM.AU)$, $Paladin Energy Ltd (PDN.AU)$, $IDP Education Ltd (IEL.AU)$
$S&P/ASX 200 (.XJO.AU)$ closed 0.7% higher at 7614.3, driven by broad-based strength across the benchmark index. Most sectors finished in the green in the second-last session of 2023, led by technology, consumer-di...
No comment yet