Bapcor, the business behind brands such as Autobarn, Burson and Autopro, is dealing with further internal disruption following the departure of two high-level executives. Their exits come as the company struggles to reverse a long-running decline, during which around $1 billion has been lost from its market value over the last four years.
Under new leadership, Bapcor has tried to revise its strategy, but progress has remained slow. The company, which supplies both mechanics and retail car owners, has faced significant challenges. In recent years, Bapcor has fallen short of earnings expectations, reported operational issues and disclosed inventory-related write-offs exceeding $250 million. Meanwhile, rivals including Repco and CoolDrive Auto Parts have gained market share, creating further hurdles for Bapcor’s growth.
The most recent departures are from leaders of the company’s trade and retail divisions. Both were brought in as part of strategic restructuring within the business. One executive led efforts to improve pricing and product availability, while the other brought in experience from large-scale retailers. Their exits raise further questions about the stability and viability of Bapcor’s turnaround plan. Its shares, previously valued at around $8, have now dropped to $2.15.
Across the wider landscape, it is becoming evident that any recovery for Bapcor will take time. In 2024 the company rejected a $1.83 billion buyout proposal, choosing instead to pursue an internal revival. However, leadership instability and unresolved operational concerns have shaken investor confidence. At the same time, Repco’s 10% year-on-year growth and CoolDrive’s business expansion highlight shifts in the competitive environment that Bapcor can no longer overlook.
