Eagers's BYD Deal Could Be Bearish Signal About Core Portfolio Performance — Market Talk

UBS views Eagers Automotive's decision to take full control of its BYD retail JV positively, but says it has broader implications. Eagers signaled the transaction would boost pretax operating profit by 5.0-5.5% on a proforma basis. Analyst Tim Plumbe says this implies that the BYD pretax profit is…