Bapcor Ltd
BAP: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| L.q | LOCK|R@M | LOCK|dc! |
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.
