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Autosports Group Ltd ( (AU:ASG) ) just unveiled an update.
Autosports Group Limited announced at its 2025 Annual General Meeting that it has acquired several dealerships from Barry Bourke Motors in Victoria, including brands such as Jaguar Land Rover, Audi, and Volvo Cars. This acquisition is part of the company’s strategy to expand its portfolio and strengthen its market position. The company reported record sales revenue and demonstrated resilience through challenging market conditions in the first half of FY25, with improved performance in the second half. The acquisition of new dealerships, including Porsche and Mercedes-Benz in Canberra, highlights Autosports Group’s commitment to expanding its brand relationships and operational footprint, positioning it strongly for future growth.
The most recent analyst rating on (AU:ASG) stock is a Hold with a A$3.50 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 across major metropolitan areas in Australia and New Zealand, offering a wide range of automotive solutions including vehicle sales, finance and insurance services, aftermarket products, spare parts, vehicle servicing, and collision repair services. Autosports Group represents premier luxury and prestige automotive brands and has grown significantly since its establishment in 2006.
Average Trading Volume: 469,248
Technical Sentiment Signal: Buy
Current Market Cap: A$879.6M
For a thorough assessment of ASG stock, go to TipRanks’ Stock Analysis page.