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Bapcor’s 24% share price fall ‘severe overreaction’

Despite management turmoil and earnings downgrades, Morningstar believes that the automotive aftermarket supplier holds a dominant position in the market that shouldn't be ignored.

The ASX-listed Bapcor runs 1100 stores in Australia and New Zealand across the Autobarn, Autopro and Burson brands

Dan Purves Fri, 03 May 2024

The 24% tanking in automotive aftermarket supplier Bapcor’s share price, wiping out A$500 million in value, is described as a ‘severe overreaction’ by Morningstar. 

The research house believes that despite problems affecting the business including management turmoil and earnings downgrades –

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Dan Purves Fri, 03 May 2024
Contact the Writer: dpurves@nbr.co.nz
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Bapcor’s 24% share price fall ‘severe overreaction’
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