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
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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