0035 GMT - Eagers Automotive's annual result and outlook send its shares up 22% to erase all of the losses over the past 12 months. According to Jefferies, Eagers delivered a solid result in challenging times for the auto dealer sector. Still, underlying net profit of A$221 million was a 4% miss to Jefferies's forecasts. Eagers expects FY 2025 revenue to grow by another A$1 billion and that pleases analyst John Campbell assuming it's achieved from existing assets. "Eagers is still exposed to weakening new vehicle sales in FY 2025 but nonetheless, FY 2025 revenue guidance speaks to a high level of confidence," Jefferies says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 26, 2025 19:35 ET (00:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。