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Eagers Automotive Limited (ASX:APE)

ALERT: Price-sensitive ASX Announcement for APE
Current share price for APE : $23.520 1.02 (4.53%)+
Announcement
Release
1 Apr 2026 9:29AM
Price at Release
$22.500
Full Release
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Summary
Eagers Automotive Limited is advancing several strategic growth initiatives, including a major investment in CanadaOne Auto slated for completion in Q2 2026. The company has also arranged to acquire stakes in Grand Motors Group's dealership operations in Sydney and the Gold Coast, reflecting a significant revenue stream. Additionally, Eagers Automotive is enhancing its Audi brand presence with acquisitions in Melbourne, which are projected to finalize by the end of May 2026. These initiatives demonstrate Eagers' commitment to expanding its market footprint both domestically and internationally.
Key Points
  • Eagers Automotive Limited (ASX: APE) is progressing with strategic investments and acquisitions.
  • The company is working towards completing its investment in CanadaOne Auto, with completion expected in Q2 2026.
  • Eagers Automotive has entered a non-binding term sheet to acquire a strategic stake in Grand Motors Group's multi-brand dealerships in Sydney and Gold Coast.
  • The Grand Motors Group generated approximately $490 million in revenue for the year ending December 2025.
  • Eagers Automotive is expanding its Audi brand representation through the acquisition of Audi Centre Melbourne and Audi Richmond.
  • The Audi dealerships acquisition is expected to be completed by the end of May 2026.
  • Eagers Automotive is actively collaborating with CanadaOne Auto and their OEM partners to complete the transaction.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.