Bapcor Ltd (ASX: BAP) was originally called Burson Group. Today. Bapcor is a specialist auto parts business but what most consumers don’t know is that Bapcor is more than a retailer of spare parts. Its bread and butter is ‘trade services’. For example, when you get your car serviced by a mechanic, the mechanic doesn’t store all of the parts for the make and model of your car in their shop. Instead, they rely on a nearby distributor like Burson’s who can deliver the exact parts within a matter of hours.
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The Bapcor Ltd (ASX:BAP) share price is under the spotlight today after the auto parts business fell almost 10% yesterday.
The S&P/ASX 200 (ASX:XJO) gained another 0.8% on Monday as Bapcor (ASX:BAP) and BHP (ASX:BHP) shares were in the news.
The Bapcor Ltd (ASX:BAP) share price is on watch today after the auto parts stock provided a trading update for the first quarter of FY22.
Could ASX blue chip shares be some of the best investments to choose from, like Westpac Banking Corp (ASX:WBC)?
September 2021 could be a good time to focus on ASX growth shares. Reporting season has just finished and there may be opportunities.
The Bapcor Ltd (ASX:BAP) share price fell around 5% after the auto parts company announced its FY21 result.
I believe there are at least 3 different reasons why investors could consider Bapcor Ltd (ASX:BAP) at this share price.
The Bapcor Ltd (ASX:BAP) share price could be driven higher today by new 5-year targets for the business, with a focus on Asia.
