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Autosports Group Ltd ( (AU:ASG) ) just unveiled an update.
Autosports Group Limited has announced its acquisition of Gulson Canberra, including the Porsche Centre Canberra, for approximately $13 million. This strategic move marks the company’s entry into the Australian Capital Territory market and aligns with its strategy to grow in the prestige and luxury brand sector. The acquisition, expected to be completed by September 2025, will be funded through a combination of cash reserves and existing debt facilities, pending certain conditions and consents from motor vehicle manufacturers.
The most recent analyst rating on (AU:ASG) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Autosports Group Ltd stock, see the AU:ASG Stock Forecast page.
More about Autosports Group Ltd
Autosports Group Limited operates in the automotive industry, focusing on the sale and service of prestige and luxury vehicles. The company is known for its representation of high-end brands and has a market focus on expanding its footprint in the luxury car segment.
Average Trading Volume: 351,508
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$487.9M
For an in-depth examination of ASG stock, go to TipRanks’ Overview page.