Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Autosports Group Ltd ( (AU:ASG) ) has shared an update.
Autosports Group Limited released a trading update for the first half of the fiscal year 2025, noting that although total revenue rose to $1,373 million, challenging trading conditions in November and December led to lower than expected new vehicle revenues. The company’s normalised net profit before tax is anticipated to be $20 million, down from initial forecasts, with further details on trading conditions and future strategies to be disclosed in February.
More about Autosports Group Ltd
Autosports Group Limited is a company operating in the automotive industry, focusing primarily on the trading of new vehicles. The company is positioned within a market that can experience variable demand and trading conditions, as evidenced by recent challenges in new vehicle sales.
YTD Price Performance: 0%
Average Trading Volume: 166,871
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$352.2M
For an in-depth examination of ASG stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money