Bapcor shares fell more than 30% yesterday. Should investors buy in the dip?

Bapcor shares fell more than 30% yesterday. Should investors buy in the dip?

Yesterday, Bapcor Ltd (ASX: BAP) shares cratered more than 30% on an unfavourable trading update.  Bapcor is Asia Pacific's leading provider of vehicle parts, accessories, equipment, service, and solutions. It operates in the automotive aftermarket, and distributes parts and accessories through various channels. At the time of writing, Bapcor shares are down 20% for the year to date. Investors may be wondering whether this is an opportunity to b…

channelnews : Autobarn owner Bapcor’s Shares Crash 29% Amid Board Exodus

Bapcor, the ASX-listed owner of Autobarn, Burson and Midas, has seen nearly $500 million wiped from its market value after issuing a shock profit downgrade and announcing the abrupt resignation of three directors. Shares in the auto parts group plunged 29% to $3.63 on Thursday, following news of weaker-than-expected sales and a ballooning of write-offs. The sell-off comes just months after the company rejected a $1.83 billion takeover offer from…