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.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.12% at lunch.
Bapcor (ASX:BAP) has announced it’s acquiring two truck part businesses.
If you’re looking for ASX growth shares you’ve come to the right place. Here’s why I think it’s worth looking at shares of Bapcor Ltd (ASX:BAP), Webjet Limited (ASX:WEB) and Nearmap Ltd (ASX:NEA).
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.84% at lunch.
The Bapcor Ltd (ASX:BAP) share price is up over 5% in reaction to its FY19 result.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.79% on Tuesday.
New data from the Australian Bureau of Statistics released yesterday show the trend unemployment rate is on the rise and reached 5.3% in July.
Bapcor Ltd (ASX:BAP) and ARB Corporation Ltd (ASX:ARB) are two tough competitors in the aftermarket car parts industry and are sometimes touted as shares to beat a recession. Which is the better buy?
I think the best way to beat the market over the long term is to go for growth shares. Here are 3 ASX stocks to consider.
