Eagers Automotive expects record $17.5B revenue
Key points
- Eagers Automotive projected 2026 revenue of $17.3–$17.5 billion.
- Higher interest rates and inflation squeezed Australian auto retail margins.
- Strong performance from CanadaOne Auto supported overall revenue targets.
Eagers Automotive (ASX:APE) expects to generate full-year revenue of $17.3–$17.5 billion in 2026 despite Australian trading headwinds.
The projected sales represent a revenue increase of at least 30% compared to the prior financial year.
The automotive retailer reported that industry-wide pressures from elevated interest rates, inflation, and higher fuel costs will impact net return on sales margins across Australian market segments.
The company stated that its full-year revenue and underlying profit before tax are expected to reach record levels in 2026.
Following the announcement, the Eagers Automotive share price was down at $16.22.
The business is continuing the profitable scaling of its easyauto platform by leveraging its original equipment manufacturer portfolio.
The group maintains market operations in both Australia and North America following its international expansion.
