Eagers Automotive (ASX:APE) shares have taken a tumble, dropping a staggering 7.2% to A$13.31.

This marks the most drastic intraday percentage fall since June 8, causing a stir in the market.

The automotive retailer announced its HY net profit attributable was down 19.5% year on year, coming in at A$137.8 million.

However, it’s not all bleak - revenue from ordinary activities rose by 14.3%, hitting a total of A$4.82 billion.

Eagers Automotive has also declared an ordinary interim dividend of 24.0 Australian cents per share, showing a slight increase from the 22.0 cents per share for 1H22.

Despite hitting their lowest level since July 3, Eagers Automotive shares are up by 32.2% year-to-date, as of the last close.

Eagers Automotive is a prominent automotive retailer.