This ASX car stock is hovering near a 52-week low, and investors have plenty to digest. At $19.52, Eagers Automotive Ltd shares are down around 14% over the past month and 26% over the past 12 months.
Eagers is Australia's largest automotive retailer, sitting across a sprawling portfolio of brands including Toyota, Kia, Mercedes-Benz, Audi, Geely, and BYD. The $5 billion ASX car stock now represents more than 33 car brands and 11 truck and bus brands.
In April, Eagers completed its 65% investment in Canadian dealership giant CanadaOne Auto, effectively creating a much larger international automotive retail platform. On a FY25 pro-forma basis, the combined group would have generated $18.7 billion of revenue and $968.6 million of EBITDA.
Eagers agreed to invest 49% in Grand Motors Group, covering dealerships representing Toyota, BMW, MINI, Kia, Mazda, and Subaru, while also snapping up two Audi dealerships from Zagame.
Eagers has entered a non-binding agreement to acquire a 50% stake in Zagame Automotive Group, the Melbourne and Adelaide luxury-car retailer, via a joint venture with founder Bobby Zagame. The business pulled in about $600 million of revenue in the year to June 2026.