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zAngus
Aug 29, 2019 5:26 AM

$APE:ASX - AP EAGERS - Up 95% YTD and broken out again. Long

EAGERS AUTOMOTIVE LIMITEDASX

Description

A.P. Eagers Limited is an automotive retail company that has been having a great run this year and looks like there is still more in it. Could be worth a watch.

The Company's principal activities consist of the sale of new and used motor vehicles, distribution and sale of parts, accessories and car care products, repair and servicing of vehicles, provision of extended warranties, facilitation of finance and leasing in respect of motor vehicles, and the ownership of property and investments. Its Car Retail segment offers new and used vehicles, maintenance and repair services, vehicle parts, vehicle protection products and other aftermarket products; Truck Retail segment offers new and used trucks, truck maintenance and repair services, truck parts, extended service contracts, truck protection products and other aftermarket products; Property segment acquires commercial properties for use as facility premises for its motor dealership operations, and Investment segment includes the investment in One Way Traffic Pty Ltd, Automotive Holdings Group Limited and Smartgroup Corporation Limited.

Comment

Nice 18% gain so far.

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