2253 GMT - Confidence in Bapcor's turnaround is at a new low after the car-parts retailer's downbeat trading update, Jefferies says. That's underscored by Bapcor signaling it has lost market share in its Trade business, which was previously the leading light among its operations. Bapcor has pointed to FY 2026 underlying net profit of A$51 million to A$61 million, some 40% below Jefferies's expectations. Analyst John Campbell says the new guidance implies a 60% fall in underlying EPS since FY 2022. "We maintain the Buy rating notwithstanding a further dent to confidence," Jefferies says. Reasons to stay bullish include the likelihood that Bapcor will sell assets that could eliminate its debt, its still-strong position in Trade, and lower interest rates encouraging more consumer spending. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 21, 2025 18:54 ET (22:54 GMT)

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