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Autosports Group Ltd ( (AU:ASG) ) has shared an announcement.
Autosports Group Limited has completed the acquisition of Gulson Canberra, including the Porsche Centre Canberra, through its subsidiary Autosports Leichhardt Pty Ltd. The acquisition, valued at approximately $12.5 million, was funded by cash reserves and existing debt facilities, and it enhances Autosports Group’s presence in the Canberra market by adding brands such as Porsche, Fiat, Alfa Romeo, Leapmotor, Abarth, and Jeep to its portfolio.
The most recent analyst rating on (AU:ASG) stock is a Buy with a A$3.51 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 (ASX: ASG) is Australia’s only ASX-listed specialist prestige and luxury automotive retailer. The company operates over 75 businesses in key metropolitan markets across Sydney, Melbourne, Brisbane, Gold Coast, and Auckland, New Zealand. Since its inception in 2006, Autosports Group has evolved from a single luxury dealership into a diversified automotive group representing premier luxury and prestige brands. Its operations encompass new and used vehicle dealerships, motorcycle dealerships, used vehicle outlets, and specialist collision repair facilities, offering comprehensive automotive solutions including vehicle sales, finance and insurance services, aftermarket products, spare parts, vehicle servicing, and collision repair services.
Average Trading Volume: 322,987
Technical Sentiment Signal: Buy
Current Market Cap: A$674.1M
Find detailed analytics on ASG stock on TipRanks’ Stock Analysis page.