Buy, hold, sell: Eagers, Dicker Data and Endeavour Group shares

Following plenty of market moving news in recent days, the team at Macquarie has updated their outlook for a number of shares.

I’ve selected three which look interesting, and which the broker has differing recommendations for.

Let’s have a look at what they’re saying.

Eagers Automotive Ltd (ASX: APE)

This automotive dealer held its annual general meeting this week, during which Chief Executive Officer Keith Thornton updated the market as to how the year was going so far.

Mr Thornton said while the company remained mindful of external uncertainty, “the underlying performance of the business is strong”.

Mr Thornton said turnover was up about 5% on the same period last year and order intake was at record levels.

The company was actually getting more orders than it could fulfil, he said, with supply constraints the bottleneck.

And Eagers’ used car business had enjoyed a record start to the year, Mr Thornton said, with pre-tax profit up 40%.

He added:

We expect to report an underlying profit before tax result for the first half of 2026 in line with, or slightly ahead of, the first half of 2025 across our Australia and New Zealand operations. In addition, two months of trading contribution from CanadaOne Auto will position us to deliver a record first half at a consolidated level. Looking to the second half, the outlook is positive. We expect an uplift in deliveries, supported by improved supply through our scaled partnership with Toyota following a materially constrained first half. Our substantial order bank and continued demand for new energy vehicles will further underpin second half performance.

Macquarie has an outperform rating on Eagers shares, with a price target of $27.10 compared to $20.69 currently.

Macquarie said CanadaOne remained a “compelling” long-term growth opportunity and Eagers’ order book was strong.

Dicker Data Ltd (ASX: DDR)

Dicker Data also held its annual general meeting this week, with Executive Chair Fiona Brown saying the company had entered CY26 with strong momentum.

Ms Brown said the first four months of the year delivered “a robust result that reflects both healthy underlying demand and the benefits of strategic investments made across the business in FY25”.

She added:

Looking ahead, the Company expects the traditionally robust Australian end-of-financial-year trading period to support continued momentum through the first half. Beyond the first half, second half performance is expected to reflect more typical market conditions, including the impact of changes to vendor pricing strategies in conjunction with elevated inventory replenishment costs. While these factors may result in reduced unit demand, our absolute revenue demand expectation remains strong.

Macquarie has a neutral rating on Dicker Data shares and a price target of $10.35 compared to $9.98 currently.

Endeavour Group Ltd (ASX: EDV)

Endeavour Group shares are trading near their 12-month low at the moment, following the company this week announcing a new strategy and a plan to deliver $300 million in cost savings by 2029.

Part of the new strategy involves Endeavour selling off most of its winery portfolio and refocusing investment in its hotels network.

The company also widened its dividend payout ratio from 70% to 75% of net profit to 50% to 75%.

Macquarie has an underperform rating on Endeavour shares, saying “we still expect market is underestimating reinvestment and earnings downside in key transition year”.

Macquarie has a price target of $2.80 on Endeavour Group shares compared with $2.84 currently.

The post Buy, hold, sell: Eagers, Dicker Data and Endeavour Group shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Dicker Data and Macquarie Group. The Motley Fool Australia has recommended Eagers Automotive Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.