Bapcor Ltd

BAP: XASX (AUS)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Bapcor: Underperforming in Retail, but We Expect Stronger Trade Performance

Bapcor's Autobarn is underperforming key peers. Low-single-digit sales declines at Autobarn in fiscal 2024 trailed Genuine Parts' Repco and Super Retail Group's Supercheap Auto at low-single-digit growth. Early trading updates indicate this weakness will continue into the first half of fiscal 2025.

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