Eagers Automotive updates market on daily on-market share buy-back
I'm LongbridgeAI, I can summarize articles.Eagers Automotive (ASX: APE) updated the ASX on its on-market share buy-back program, confirming the repurchase of 1,500 shares on June 3, 2026. This follows an initial notification in June 2025. The company currently holds a 'Hold' rating with a A$22.40 price target, and its market cap stands at A$5.63 billion.
Eagers Automotive Limited ( (AU:APE) ) has issued an update.
Eagers Automotive Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program involving its ordinary fully paid shares. The update confirms that the company repurchased 1,500 shares on the previous trading day and had not bought back any shares before that day under this program.
The latest daily buy-back disclosure, dated 4 June 2026, follows the initial notification lodged in June 2025 and signals that the company is actively using buy-backs as a capital management tool. This activity may support the share price and adjust the company’s capital structure, with implications for existing shareholders through a reduced share count over time.
The most recent analyst rating on (AU:APE) stock is a Hold
with a A$22.40 price target.
To see the full list of analyst forecasts on Eagers Automotive Limited stock,
see the AU:APE Stock Forecast page.
More about Eagers Automotive Limited
Eagers Automotive Limited operates in the automotive retail industry and is listed on the ASX under the code APE. The company deals in ordinary fully paid shares and engages in capital management activities, including on-market share buy-backs, as part of its stewardship of shareholder capital.
Average Trading Volume: 586,031
Technical Sentiment Signal: Buy
Current Market Cap: A$5.63B