Australia New Car Deliveries Cement Confidence in Eagers's 1H Profit

Dow Jones07-13

0105 GMT - Eagers Automotive's bull at Morgans is encouraged by new car deliveries to Australia in June, specifically BYD deliveries and improved Toyota supply and outlook. "Given the importance of these brands to Eagers, we expect this will support confidence in delivering on the group's 1H Australia/New Zealand guidance," analyst Jared Gelsomino says. Eagers expects pretax profits from its Australia and New Zealand business to be in line with or slightly ahead of 198 million Australian dollars. Morgans forecasts 1H pretax profit of A$239.7 million. That comprises A$204.5 million from ANZ and A$35.2 million from Canada.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 12, 2026 21:05 ET (01:05 GMT)

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Eagers expects pretax profits from its <a href=\"https://laohu8.com/S/AN3PF.AU\">Australia and New Zealand</a> business to be in line with or slightly ahead of 198 million Australian dollars. Morgans forecasts 1H pretax profit of A$239.7 million. 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