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Auto & Transport Market Talk Highlights

Wall Street Journal Markets •
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Apollo’s plan to turn easyJet into a more competitive airline could pose a long‑term risk to sector peers, J.P. Morgan analysts note. The U.K. low‑cost carrier accepted $7.7 billion from Apollo after Castlelake withdrew, and Apollo says it will largely back the existing strategy, implying minimal near‑term structural change.

Lyft’s bike‑sharing unit posted its best second‑quarter rides, breaking daily, weekly and monthly records in June. The company’s ebikes saw increased use, helped by events such as the NBA Finals.

Eagers Automotive’s 1H focus_entry is vehicle availability and converting a larger order book to sales in 2H. Supply issues with BYD have been resolved. Toyota projects Japanese output to rise to $3.45 million units in FY27, a 3% increase over earlier guidance, suggesting Australian supply should improve by 2026.

Jefferies retains a buy call on Eagers, with a A$27.50/share target; the stock ended at A$24.23.