Why these brokers think today’s Eagers Automotive (ASX:APE) share price is a bargain

The Eagers Automotive Ltd (ASX: APE) share price is rebounding from an early morning selloff, currently up 0.45% in afternoon trading to a price of $13.38.

That mirrors the action on the broader S&P/ASX 200 Index (ASX: XJO), which was down over 1.3% in morning trade but has now inched into the green.

A range of analysts, however, believe that Eagers is set to handily outperform the ASX 200 in 2021.

The upside case for Eagers Automotive shareholders

In case you’re unfamiliar, Eagers Automotive is Australia’s oldest listed automotive retail group. It operates new and used car, truck and bus dealerships across the country, claiming 224 showrooms and an 11% market share of new vehicle sales. The company took on its new name in…