0046 GMT - AMA's earnings guidance still looks too high to Bell Potter, but it takes the view that no news from the smash-repair group is good news. Analyst Chris Savage says traffic levels across Australia since April have been relatively normal. Combined with reasonable rainfall this suggests that repair volumes in 4Q will have been close to or around expectations. "Indeed, the lack of any trading update suggests the guidance is still on track and the commencement of the buyback this week also suggests there is no need at this stage for the company to 'cleanse' the market," Bell Potter says. It expects a normalized FY 2026 Ebitda of A$68.4 million. That compares to AMA's guidance of A$70 million-A$75 million. Bell Potter retains a buy call on AMA's stock.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 11, 2026 20:46 ET (00:46 GMT)
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