This ASX car stock is hovering near a 52-week low, and investors have plenty to digest. At $19.52 at the time of writing, Eagers Automotive Ltd (ASX: APE) shares are down around 14% over the past month and 26% over the past 12 months.

That’s a striking reaction for a company that just delivered record first-half revenue and underlying profit. So what exactly is spooking the market?

Eagers is getting bigger — fast

Eagers is Australia’s largest automotive retailer, sitting across a sprawling portfolio of brands including Toyota, Kia, Mercedes-Benz, Audi, Geely, and BYD. The $5 billion ASX car stock now represents more than 33 car brands and 11 truck and bus brands. And management shows zero signs of slowing down.

In April, Eagers completed its 65% investment in Canadian dealership giant CanadaOne Auto, effectively creating a much larger international automotive retail platform. On an FY25 pro-forma basis, the combined group would have generated $18.7 billion of revenue and $968.6 million of EBITDA. That’s a serious step-change in scale.

Then came Australia. Eagers agreed to invest 49% in Grand Motors Group, covering dealerships representing Toyota, BMW, MINI, Kia, Mazda, and Subaru, while also snapping up two Audi dealerships from Zagame. Together, those deals add roughly $630 million of annual revenue.

Now Eagers is going upmarket

The latest move might be the most eye-catching yet. Eagers has entered a non-binding agreement to acquire a 50% stake in Zagame Automotive Group, the Melbourne and Adelaide luxury-car retailer, via a joint venture with founder Bobby Zagame. The business pulled in about $600 million of revenue in the year to June 2026.

Zagame’s portfolio isn’t your average showroom. Think Ferrari, Lamborghini, and Rolls-Royce. That deal hands the ASX car stock considerably more exposure to the luxury and super-luxury end of the market, a segment it’s had relatively little presence in until now.

But bigger doesn’t automatically mean better

On paper, the business is firing. First-half FY26 revenue surged 24% to about $8.1 billion, while underlying profit before tax hit $250.4 million. Those are genuinely strong numbers.

The concern is what comes next. CanadaOne, Grand Motors, and Zagame all represent substantial additional capital commitments, plus real integration complexity across different countries, brands, and price points.

At the same time, investors are watching margins nervously as the automotive industry navigates a major transition. New brands are flooding the market, consumer preferences are shifitng, and pricing pressure shows no sign of easing.

Bull case vs bear case

The bull case for the ASX car stock is straightforward: Eagers is assembling a diversified global automotive retail powerhouse, spanning mainstream, luxury, and international markets, that could compound earnings for years.

The bear case is just as easy to make: Management is expanding aggressively at precisely the moment the economics of traditional car retail are becoming harder to predict, and each new acquisition adds another layer of execution risk.

The post This ASX car stock is tanking. Has it overreached? appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Van Dinther has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

Tabcorp Holdings Ltd (ASX: TAH) and National Australia Bank Ltd (ASX: NAB) shares are both outpacing the S&P/ASX 200 Index (ASX: XJO) in morning trade on Monday.

At time of writing the ASX 200 is down 0.2%.

Trading for 92 cents apiece, Tabcorp shares are up 1.1% at this same time, while NAB shares are just in the green, up 0.1% at $38.51 each.

Taking a step back, however, both stocks have underperformed the 0.1% losses posted by benchmark index in 2026.

Year to date, NAB shares have slipped 9.2% while the Tabcorp share price is down 8.1% this calendar year.

Although that’s not including the dividends both companies pay. Tabcorp trades on a 3.2% unfranked trailing dividend yield, while NAB trades on a fully franked 4.4% trailing dividend yield.

But, dividends or not, Catapult Wealth’s Dylan Evans expects that growing headwinds leading into 2027 put both of these popular ASX 200 stocks on the sell list (courtesy of The Bull).

Here’s why.

Time to exit NAB shares?

Evans noted NAB’s relatively strong Q3 performance.

“Revenue grew by 2 per cent in the third quarter of fiscal year 2026 when compared to the first half quarterly average. Cash earnings also increased by 2 per cent,” he said.

But the growth may not be sustainable in the coming quarters.

“In our view, the broader banking sector is facing several headwinds,” Evans added.

Summarising his sell recommendation on NAB shares, he said:

The Federal government announced changes to capital gains tax and negative gearing in the May Budget. Investment loan applications have slowed amid a cost of living crisis. While the NAB business is well managed and the balance sheet is solid, it’s difficult to identify any significant growth on the horizon.

Investors may want to consider taking some profits and explore superior earnings growth opportunities elsewhere.

Should you sell Tabcorp shares today?

Atop his bearish assessment for the outlook of NAB shares, Evans also issued a sell recommendation on Tabcorp shares.

“Tabcorp is the largest multi-channel wagering brand in Australia,” he said.

Looking at Tabcorp’s FY 2026 results, Evans said:

The company generated group revenue of $2.636 billion in full year 2026, up 0.8 per cent on the prior corresponding period. Group EBITDA [earnings before interest, taxes, depreciation and amortisation] of $431.7 million was up 10.3 per cent.

But, as with NAB, Tabcorp could be facing some mounting headwinds.

Commenting on his sell recommendation, Evans said:

In our view, a major challenge for Tabcorp is the highly competitive gambling industry and the underlying trend towards digital wagering amid the risk of potentially tighter regulations. The company expects domestic wagering turnover growth in fiscal year 2027 to be broadly consistent with fiscal year 2026, excluding the FIFA World Cup.

The shares have fallen from $1.17 on May 1 to trade at 90 cents on September 17. Other stocks appeal more at this stage of the cycle.

The post Sell alert! Why this expert is calling time on Tabcorp and NAB shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

In Australia, 60 years old is the first retirement milestone. At this point, you can start drawing down on your superannuation (if you’ve quit working), and you’re just seven years away from potentially receiving the Age Pension payment.

But not everyone is eligible. And if you are, the amount you can get depends heavily on your income and assets.

The asset test includes absolutely everything that you own, except the home you live in.

It applies to any home contents, personal items, vehicles, real estate or property investments, your superannuation, S&P/ASX 200 Index (ASX: XJO) shares, annuities, private trusts, and any other financial investments or assets.

You’ll also need to declare any assets held outside Australia and any debts owed to you.

And that means age 60 is a crucial time to get all your ducks in a row.

The tricky thing is that the Age Pension rules, thresholds, and maximum payments are constantly changing.

And misunderstanding your limits means you could earn less, or nothing at all, when you reach age 67.

Here are six things every Australian at age 60 needs to know about the Age Pension asset test before they retire.

1. Eligibility requirements are more than just your age

To be eligible for the Age Pension, you need to meet basic requirements ahead of the income or asset test. 

That is, you need to be 67 years old (or older). You also need to be an Australian resident who has lived in Australia for at least 10 years, with at least 5 of those years in a continuous period.

2. The maximum potential Age Pension payment just increased

As of the 20th of September, the maximum fortnightly Age Pension payment increased to $1,237.70 for individuals. Couples now get a boosted $933 per person per fortnight, or $1,866 combined.

These figures include the maximum basic rate, the maximum pension supplement, and the energy supplement.

3. Asset limits for the full Age Pension differ depending on whether you’re a homeowner or not, and these also just increased

As of the 20th of September, in order to receive the full Age Pension, single homeowners can own assets (including superannuation) up to a value of $333,000 (previously $321,500), and non-homeowners can own assets up to $600,000 (previously $579,500) in retirement.

But a couple has a different threshold, and it’s not double the amount of one person. A couple combined can now own up to $499,000 (previously $481,500) in total if they own a property, or $766,000 (previously $739,500) if they don’t.

4. You can get a part payment, and these limits just increased too

You can earn over the limits above and still earn a part Age Pension.

The cut-off point for a part-payment for single homeowners is now $745,000 (previously $733,500), and $1,012,750 (previously $1,000,500) if you’re a single non-homeowner. 

Couples are also entitled to a part-payment, so long as their combined assets don’t exceed $1,121,000 (previously $1,102,500) for homeowners. 

Non-homeowning couples can own assets totalling up to a limit of $1,388,000 (up from $1,369,500 previously). 

For assets above the full pension limit, the Age Pension payment for singles or couples, regardless of whether they’re homeowners or not, reduces by $3 per fortnight for every $1,000 of assets.

5. Deeming rules apply, and they’ve also just changed

To calculate how much income you receive from your assets, Centrelink uses what it calls a “deeming rule”. Under deeming rules, instead of looking at how much your assets actually earn, it’s assumed they earn a set amount of income.

As of the 20th of September, the first $66,800 of assets of single Australians have a deeming rate of 1.75%. Anything over this amount is deemed to earn 3.75%.

Couples have a 1.75% deeming rate on their first $110,600 of combined assets (this includes superannuation). Anything over this amount is deemed to earn 3.75%.

6. Gifts aren’t exempt

Centrelink has strict rules around gifting money or assets to someone else to meet Age Pension eligibility.

Any gifts you make over a five-year period are counted towards your assets test for five years. 

You can gift assets worth up to $10,000 in any one financial year and $30,000 over any five-year period without these assets being included in the Age Pension asset test.

The post 6 things Aussies at age 60 need to know about the Age Pension asset test before they retire appeared first on The Motley Fool Australia.

More reading

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• This ASX car stock is tanking. Has it overreached?
• Sell alert! Why this expert is calling time on Tabcorp and NAB shares
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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.