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Eagers Automotive Shares Jump 5.27% to $23.78 as Canada Expansion and Surging Orders Point to Record 2026
['Scott Lance']
International Business Times Australia
SYDNEY — Shares in Eagers Automotive Ltd climbed 5.27 percent on Wednesday to close at $23.78, gaining $1.19, as investors responded to the company's expanded international footprint and signs of resilient domestic demand in the automotive retail sector.
Eagers Automotive, Australia's largest pure-play automotive retailer by network scale, operates more than 250 locations across Australia and New Zealand and represents a wide portfolio of brands spanning volume, luxury and commercial vehicles.
In October 2025, Eagers announced a strategic investment of approximately $1.043 billion to acquire a 65 percent stake in CanadaOne Auto, one of Canada's largest dealership groups.
"Collaboration between the two teams over recent months has us well-placed for pursuing operational best practice and strategic growth opportunities in the North American market."
Eagers Automotive traces its origins to 1913 and has grown through a combination of organic expansion and acquisitions into the leading listed automotive retail group in Australasia.