Eagers Automotive flags record FY26 on order surge
Eagers Automotive (ASX:APE) is positioning itself for a record-breaking 2026 financial year, driven by a 70% surge in its order bank since December.
Speaking at the company’s annual general meeting, CEO Keith Thornton revealed that turnover increased by approximately 5% through to the end of April.
Demand continues to outpace supply, with new orders exceeding vehicle deliveries by more than 29% as ongoing global supply chain constraints delay handovers across the group's network.
The automotive retail giant expects first-half underlying profit before tax for its core Australian and New Zealand operations to match or slightly exceed the prior corresponding period.
However, total consolidated first-half earnings are projected to hit record highs, bolstered by the strategic acquisition of Canadian dealership group CanadaOne Auto.
The growth is expected to be underpinned by improving supply dynamics from Toyota, robust consumer demand for new energy vehicles, and full-half contributions from both CanadaOne and recent local acquisitions.
Thornton highlighted that the critical trading months of May and June typically account for up to a quarter of Eagers' annual profits.
Despite persistent shipping and logistics bottlenecks, dealership teams are heavily focused on maximising vehicle deliveries ahead of the crucial June 30 end-of-financial-year deadline to lock in further revenue growth.
