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)
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