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Autosports Group Ltd ( (AU:ASG) ) just unveiled an update.
Autosports Group Limited has applied for quotation on the ASX of 3,108,532 new fully paid ordinary shares issued on 29 December 2025 as part of the purchase consideration for its acquisition of the business and assets of ten Barry Bourke Motors dealerships in Victoria by its wholly owned subsidiary, Autosports Castle Hill Pty Ltd. The share issuance, tied directly to the Barry Bourke acquisition, underlines Autosports Group’s strategy of using equity to fund growth and expand its Victorian dealership network, which is expected to deepen its market penetration and potentially enhance scale and competitiveness in the Australian automotive retail market.
The most recent analyst rating on (AU:ASG) stock is a Buy with a A$4.85 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 is an Australian automotive retail group listed on the ASX, operating new and used vehicle dealerships and related services across multiple brands and locations. Through its network of wholly owned subsidiaries, the company focuses on expanding its dealership footprint in key markets to grow sales volumes and strengthen its presence in the national automotive retail sector.
Average Trading Volume: 368,698
Technical Sentiment Signal: Buy
Current Market Cap: A$790.5M
Find detailed analytics on ASG stock on TipRanks’ Stock Analysis page.