2341 GMT - Car dealership Peter Warren Automotive is working hard to close the gap on market leader Eagers Automotive, but needs to show results for its stock to re-rate, says Jefferies. Peter Warren's 1H revenue met Jefferies's expectations, while underlying net profit of A$8 million was an 11% beat. "Management renewal is underway and the focus on upscaling tech, customer service and business performance is palpable," analyst John Campbell says. "The opportunity, if Peter Warren gets it right, is obvious--doubling pretax profit margins which will then justify a long runway of M&A." Jefferies retains a hold call, while noting the stock isn't expensive on a price-to-FY 2027 earnings multiple of 10X. Peter Warren is down 11% at A$1.54. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 19, 2026 18:41 ET (23:41 GMT)
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