Australian investors may be looking for ASX All Ords stocks to buy in July.
Investors are often drawn to the financials and resources sectors. After all, they occupy the largest representation on the Australian share market.
However, there are some great opportunities to be found in other sectors. While these often fly under the radar, they have the potential to generate outsized returns.
If you're looking for such opportunities, look no further!
In its 22 July report, Australian Automotive Sector, Macquarie Group Ltd (ASX: MQG) named its 3 top picks in the Australian automotive sector.
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Eagers Automotive Ltd (ASX: APE)
The first pick was Eagers Automotive.
Eagers is a leading automotive retail group that operates dealerships across Australia and New Zealand. The company sells both new and used cars, and provides consumer finance.
Eagers Automotive shares have been on a roll this year, rising 54% for the year to date.
However, Macquarie is predicting the stock can continue rising.
It currently has an outperform rating on the ASX All Ords stock and price target of $20.60.
When issuing this recommendation, the broker said:
We expect APE to achieve its larger than typical 2H skew. The ST margin outlook has stabilised, and we see material upside to LT margins. Offshore M&A and further rate cuts are material catalysts.
ARB Corporation Ltd (ASX: ARB)
The second pick was ARB Corporation.
ARB designs, manufactures, and distributes 4×4 accessories and equipment.
In contrast to Eagers Automotive, ARB shares are down this year, falling 17% for the year to date.
However, Macquarie is expecting a turnaround.
It currently has an outperform rating on the ASX All Ords stock and price target of $43.70.
When issuing this recommendation, the broker said:
Australian new vehicle sales seeing green shoots after a softer FY25. Export growth opportunities remain strong and showing improving momentum in key markets will be a key catalyst.
Amotiv Ltd (ASX: AOV)
The third pick was Amotiv.
Amotiv manufactures, imports, distributes, and sells automotive products and accessories.
Like ARB Group, Amotiv shares have declined 17% this year.
However, Macquarie expects the company to outperform going forward.
The broker's outperform rating on the stock is accompanied by a price target of $10.90.
When issuing this recommendation, Macquarie acknowledged that the ASX All Ords stock was out of favour.
It also provided the following reasons to support its 'turnaround' thesis:
We're positive on FY26 given 1) better trends in key APG models; 2) APG NBWs; 3) cost out, & 4) low expectations (FY26e EBITA growth ~3% VA Cons.). We see potential for a val. rerate currently c10x PE.
Macquarie also named Amotiv in its SMID-Cap Best Picks July 2025 report.
