Highlights
- AOV shares drop 9.2% to AU$9.63, lowest since July 2023.
- Biggest intraday fall since Feb 2024; largest loser on ASX200.
- H1 FY25 underlying NPAT: AU$58.9M, missing consensus of AU$61.3M.
- Over 390,000 shares traded, 2x the 30-day average.
- Stock down over 9% YTD after today's decline.
Amotiv Ltd (ASX:AOV), the automotive parts manufacturer, saw its shares plunge 9.2% to AU$9.63 on 12 February 2025, marking its biggest one-day drop in a year.
The decline came after the company reported H1 FY25 underlying net profit after tax (NPAT) of AU$58.9 million, which, despite improving from AU$51.4 million last year, fell short of analyst expectations (AU$61.3 million, Visible Alpha consensus).
Outlook & Market Reaction
Amotiv stated that FY25 revenue and underlying EBITA growth is expected to be skewed towards the second half, but the profit shortfall weighed on investor sentiment.
With over 390,000 shares traded—double the 30-day average—AOV ended the session as the biggest loser in the ASX200 and has now fallen over 9% year-to-date.