0042 GMT - Car dealership Eagers Automotive is well placed heading into next month's corporate earnings season, says Morgan Stanley. It points to consensus expectations for a pretax profit of A$421.6 million in 2025."We see scope for upside surprise on 2025 (and implied 2H) pretax profit--especially with recent new vehicle sales data points," says analyst Chenny Wang. Among the drivers of a potential profit beat: an around A$6 million benefit from lower debt costs after Australia's central bank cut interest rates several times last year. "We think expectations on outlook are relatively muted, and think Eagers can surprise positively (especially now that they've extended their organic growth runway into Canada)," MS adds. Eagers is up 1.1% at A$27.63. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 19, 2026 19:42 ET (00:42 GMT)
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