$BAP:ASX - BAPCOR - Automative Parts Provider up 30% in 3 Months

BAPCOR is another company I haven't heard much about in terms of its parent brand but their Retail brands of Autobarn, Autopro, Sprint Auto Parts and Car Parts retail store brands, and the Midas and ABS workshop service brands I certainly have. I recently had my car serviced and it's always surprising how much it costs. In theory it is everyone's largest asset after their home, and equally amazing is how many vehicles are on the road. As a generalisation, every 12 months whether the car is brand new or older they seem to require a service at a couple hundred dollars a pop and for older vehicles they also need to be checked every 12 months in order to pass their rego check and be re-registered for the next year. It would seem like a good business to be in for now. The share price seems to be going the right way. Might be worth a watch.

Bapcor Limited, formerly Burson Group Limited, is a provider of automotive aftermarket parts, accessories, automotive equipment and services, and motor vehicle servicing. Its segments are Trade, Retail and Specialist Wholesale. The Trade segment consists of the Burson Auto Parts and Precision Automotive Equipment business units. The Trade segment is a distributor of automotive aftermarket parts and consumables to trade workshops for the repair and service of vehicles, and automotive workshop equipment, such as vehicle hoists and scanning equipment, including servicing of the equipment. The Retail segment consists of business units that are retail customer focused, and includes Autobarn, Autopro, Sprint Auto Parts and Car Parts retail store brands, and the Midas and ABS workshop service brands. The Specialist Wholesale segment consists of the operations that specialize in automotive aftermarket wholesale and includes the AAD business, as well as Bearing Wholesalers and Opposite Lock.