Eagers Automotive Ltd Stock Forum

$Eagers Automotive Ltd (APE.AU)$
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.

• Top gainers: $Web Travel Group Ltd (WEB.AU)$, $Technology One Ltd (TNE.AU)$, $GQG Partners Inc (GQG.AU)$
• 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...

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...

Here are the levels to watch after the dip. Consolidating at 1.28 support for now.
Larger Image: tradingview.com...
$Eagers Automotive Ltd (APE.AU)$

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G'day, mooers! Check out the latest news on today's stock market!
• Wall Street shut
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Wall Street Summary
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AU Market Watch
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