Fund managers including Oracle Advisory Group, Equity Trustees Asset Management, Prime Value Asset Management, Atlas Funds Management, Yarra Capital Management, Ellerston Capital, Akambo, Ten Cap, Maple-Brown Abbott, Spheria Asset Management, Katana Asset Management, Investors Mutual Limited, First Samuel, Blackwattle Investment Partners and 1851 Capital have invested in Bapcor Ltd (ASX:BAP).

Managers highlight a turnaround under new management, working capital release reducing debt, business simplification, improved store logistics and pricing, and the non-discretionary nature of vehicle maintenance, according to 1851, Blackwattle and Investors Mutual.

Spheria notes a May profit downgrade amid deteriorating macroeconomic conditions and an equity raising, and Bapcor has had four CEO changes.

Bapcor Ltd, founded in 1971 and headquartered in Melbourne, Australia, is a leading provider of automotive parts, accessories, and equipment. The company operates through five core segments: Trade, supplying independent and chain mechanic workshops; Specialist Wholesale, focusing on niche automotive distribution; Retail, catering to consumers and enthusiasts; New Zealand, providing parts and services across the region; and Head Office. Bapcor delivers integrated automotive solutions, positioning itself as a primary distributor within the aftermarket industry. The organization continues to serve both professional trade partners and the general retail market across Australia and New Zealand.