Eagers Automotive Ltd

APE: XASX (AUS)

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Eagers Automotive: GMG and Melbourne Audi Acquisitions Unlikely to Move the Dial

Angus Hewitt

Apr 2, 2026

Eagers Automotive announced a 49% stake in GMG's dealer operations in Sydney and the Gold Coast, which generated about AUD 490 million in gross revenue last year. The company is also acquiring two Audi dealerships in Melbourne, with combined sales of about AUD 140 million. Shares jumped 9%.

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Eagers Automotive Ltd

Eagers Automotive: GMG and Melbourne Audi Acquisitions Unlikely to Move the Dial

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