S&P/ASX All Ords Index (ASX: XAO) shares are down 0.2% to 9,043.8 points on Tuesday.
Meanwhile, on The Bull this week, three experts have revealed sell calls on three ASX shares.
Let's hear them out.
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PEXA Group Ltd (ASX: PXA)
The PEXA Group share price is $7.32, up 1.1% today and down 53% over 12 months.
PEXA is a digital property exchange business operating in Australia and the UK.
Toby Grimm from Baker Young explains his sell rating on this ASX All Ords real estate share.
PEXA operates a leading digital property platform and settles most transactions in Australia. It also operates in the UK.
In Australia, a draft report proposes about a 20 per cent reduction in PXA's regulated revenue requirement via reductions to certain transfer transaction fees over a year.
The independent Pricing and Regulatory Tribunal (IPART) in New South Wales is reviewing electronic lodgement network operator (ELNO) service fees.
PEXA has submitted formal objections to the IPART draft proposal. We expect PXA to win some concessions, but revenues in the core division may come under pressure at a time when the housing market is materially softening.
Bapcor Ltd (ASX: BAP)
The Bapcor share price is 41 cents, up 2.5% today and down 85% over 12 months.
Philippe Bui from Medallion Financial Group has a sell rating on Bapcor shares.
Bui commented on the ASX All Ords consumer discretionary share:
Bapcor is an aftermarket automotive parts provider in Australia and New Zealand. It operates the Autobarn, Burson and Autopro brands.
Macro headwinds for consumer discretionary products and weaker retail conditions are pressuring the business.
Bunnings, owned by Wesfarmers, is expanding into the automotive category and is an intensifying competitive threat.
The shares remain under pressure. The stock has fallen from $5.24 on July 7, 2025 to trade at 39.5 cents on July 23, 2026.
Other stocks appeal more at this stage of the cycle.
ASX Ltd (ASX: ASX)
The ASX share price is $55.13, up 1.3% today and down 21% over 12 months.
ASX runs the Australian share market.
Michael Gable from Fairmont Equities discussed his sell call on this ASX All Ords financial share:
… a recent share price recovery has left the stock trading above consensus valuation targets.
With market volumes and corporate activity still appearing weak amid increasing technology costs, I believe the risk is to the downside.
The ASX has settled legal action with the Australian Securities and Investments Commission (ASIC).
The Federal Court ordered ASX to pay a $20.5 million penalty and $3 million in ASIC costs after ASIC alleged the ASX had made misleading statements about the progress of the CHESS replacement project.
