Bapcor Shares Plunge 29% on Weak Trading, Writedowns, and Board Exits

Highlights:

• Bapcor Limited (ASX: BAP) shares crashed 28.67% to $3.645 after a weak trading update.
• The company booked $50 million in post-tax writedowns and announced the exit of three directors.
• Leadership instability and strategic uncertainty weigh on investor confidence.

Disappointing trading update rattles investors

Shares in Bapcor Limited (ASX: BAP) nosedived 28.67% to $3.645 at the time of writing, after the automotive parts company issued a trading update that fell short of expectations. The group, which owns well-known brands including Autobarn, Autopro, and Burson, revealed that its performance in May and June was significantly weaker than anticipated.

This poor trading performance has raised concerns about Bapcor’s near-term outlook and comes just weeks after leadership instability and strategic uncertainty emerged following the departure of its CEO earlier this year.

$50 million writedown and board shake-up

Adding to the market shock, Bapcor announced a $50 million post-tax writedown, which it attributed to underperformance in key segments and updated asset valuations. The company also revealed the immediate exit of three board directors, including former chair Margie Haseltine, indicating deeper governance and strategic challenges within the organisation.

These developments have triggered a major sell-off, with the stock marking one of its worst single-day performances in recent years.

Focus turns to stability and turnaround

Investors are now closely watching how Bapcor plans to restore confidence and rebuild momentum. The company has stated that a leadership reset is underway, with a renewed focus on operational performance, customer engagement, and long-term shareholder value.  At the time of writing, market analysts have flagged the potential for further volatility in Bapcor shares unless a clear strategic recovery plan is communicated in the near term.

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