Bapcor falls on weaker-than-expected sales, board exodus

Bapcor falls on weaker-than-expected sales, board exodus

Shares in Autobarn owner Bapcor have shed nearly 30 per cent after revealing its second-half trading performance was weaker than expected in May and June, as well as the sudden exit of three board directors.

Autobarn owner Bapcor in $500m wipeout on fresh upheaval

The struggling auto parts company rejected a $5.40 per share offer from private equity group Bain Capital made a year ago. It’s worth much less now.

Bapcor flags poor profit, balance sheet amid worse-than-expected second half

Bapcor has warned of weak profit and balance sheet for the fiscal year, along with some changes to its board of directors, in its latest trading update.

Guess which ASX 200 stock just crashed 31% on slumping sales

S&P/ASX 200 Index (ASX: XJO) stock Bapcor Ltd (ASX: BAP) is having a day to forget today. As are its shareholders. Shares in the auto parts company closed yesterday trading for $5.11. In morning trade on Thursday, shares just crashed to $3.51, down a precipitous 31.3%. After some likely bargain hunting, Bapcor shares are currently changing hands for $3.60 each, down 29.6%. Here's what's got ASX investors overheating their sell buttons today. ASX…