Eagers Automotive Ltd (ASX: APE) shares are under pressure today.
Shares in the S&P/ASX 200 Index (ASX: XJO) automotive retail group closed yesterday trading for $22.35. In morning trade on Wednesday, shares are swapping hands for $21.86 apiece, down 2.2%.
For some context, the ASX 200 is down 0.2% at this same time.
Taking a step back Eagers Automotive shares remain up 25% over the past 12 months, outpacing the 2.8% one -year gains posted by the benchmark index.
The ASX 200 stock also trades on a 3.5% fully franked trailing dividend yield.
Here's what's happening today.
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Eagers Automotive shares saw record 2025 earnings
Investors are bidding down Eagers Automotive shares today, despite the company foreshadowing ongoing strength at its Annual General Meeting (AGM).
Taking a look at the company's 2025 performance, which saw Eagers stock notch a record closing high of $34.73 a share on 13 October, CEO Keith Thornton noted that the company "delivered a series of highly consequential outcomes" over the year.
That includes its entry into Canada through Eager's largest-ever investment in CanadaOne Auto; the formation of Eager's strategic partnership with Mitsubishi Corporation; and a successful $452 million capital raise.
Impressively, the company also achieved more than $1.8 billion in revenue growth, up 16.5% year on year. And 2025 saw Eagers report record underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of $620.9 million, up $70 million from the prior year.
What's next for the ASX 200 stock?
Looking at what could impact Eagers Automotive shares in the months ahead, investors may be jittery today amid ongoing uncertainty from global events.
"While we remain mindful of external uncertainty, the underlying performance of the business is strong," Thornton said.
Highlighting that strength, he noted that across Eager's Australian and New Zealand businesses, year-to-date through to the end of April, turnover is up approximately 5% compared to the same period last year.
And the company's order bank has grown by 70% since December.
According to Thornton:
Given our strong order bank, we will seek to maximise deliveries ahead of 30 June this year. However, supply constraints are creating some near-term uncertainty leading into the half year.
Eagers Automotive expects to deliver a first half (H1 2026) underlying profit before tax in line with, or slightly ahead of, H1 2025 across its Australia and New Zealand operations.
As for what investors might expect from Eagers Automotive shares in the second half, Thornton concluded:
Looking to the second half, the outlook is positive. We expect an uplift in deliveries, supported by improved supply through our scaled partnership with Toyota following a materially constrained first half.
Our substantial order bank and continued demand for new energy vehicles will further underpin second half performance. Our second half will also benefit from a full half contribution from CanadaOne, which has a similar second half skew expected from its Toyota operations, along with full half contributions from our recent Australian acquisitions.
