Autosports' Bull Keeps Faith With Inorganic Expansion -- Market Talk
Dow Jones
Mar 05
2329 GMT - Autosports Group's bulls at Macquarie see the vehicle retailer's expansion into South Australia state as part of a strategy that can more than offset any potential softening in the new car market. Keeping an outperform rating on the stock, the investment bank's analysts tell clients in a note that Autosports expects the acquisition of 15 state dealerships to be immediately accretive to earnings. The analysts see potential margin upside as the dealerships are integrated into the group, and flag Autosports' capacity for further inorganic expansion. Macquarie raises its target price 5.9%, to A$5.19. Shares are down 1.75%, at A$2.81. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 04, 2026 18:29 ET (23:29 GMT)
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