Autosports's Latest Deal Looks Strategically Smart to Bull -- Market Talk

Dow Jones

03/04

2302 GMT - The strategic rationale of luxury car dealer Autosports's latest acquisition is compelling, Canaccord Genuity says. Autosports is buying Solitaire Automotive Group, which operates multiple dealerships in Adelaide and generates A$300 million in annual revenue. Analyst James Ferrier says Autosports is entering a new market at scale. It also becomes the sole dealer of several luxury brands as a result of the deal. Canaccord upgrades its EPS forecasts by 0-5% in FY 2026-2028. "The Solitaire transaction adds further evidence to a trend of acceleration in dealership acquisition activity for Autosports," Canaccord says. "We see upside risk to consensus in the outer years and we believe the valuation remains very attractive." It retains a buy call on Autosports and lifts its price target by 1% to A$4.84/share. Autosports ended Tuesday at A$2.86. (david.winning@wsj.com; @dwinningWSJ)

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March 03, 2026 18:02 ET (23:02 GMT)

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Autosports is buying Solitaire Automotive Group, which operates multiple dealerships in Adelaide and generates A$300 million in annual revenue. Analyst James Ferrier says Autosports is entering a new market at scale. It also becomes the sole dealer of several luxury brands as a result of the deal. Canaccord upgrades its EPS forecasts by 0-5% in FY 2026-2028. \"The Solitaire transaction adds further evidence to a trend of acceleration in dealership acquisition activity for Autosports,\" Canaccord says. \"We see upside risk to consensus in the outer years and we believe the valuation remains very attractive.\" It retains a buy call on Autosports and lifts its price target by 1% to A$4.84/share. Autosports ended Tuesday at A$2.86. 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Autosports is buying Solitaire Automotive Group, which operates multiple dealerships in Adelaide and generates A$300 million in annual revenue. Analyst James Ferrier says Autosports is entering a new market at scale. It also becomes the sole dealer of several luxury brands as a result of the deal. Canaccord upgrades its EPS forecasts by 0-5% in FY 2026-2028. \"The Solitaire transaction adds further evidence to a trend of acceleration in dealership acquisition activity for Autosports,\" Canaccord says. \"We see upside risk to consensus in the outer years and we believe the valuation remains very attractive.\" It retains a buy call on Autosports and lifts its price target by 1% to A$4.84/share. Autosports ended Tuesday at A$2.86. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7143":"汽车零售","ASG.AU":"AUTOSPORTS GROUP LTD"},"translate_title":"Autosports的最新交易在战略上看起来很明智——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASG.AU":0.9},"content_text":"2302 GMT - The strategic rationale of luxury car dealer Autosports's latest acquisition is compelling, Canaccord Genuity says. Autosports is buying Solitaire Automotive Group, which operates multiple dealerships in Adelaide and generates A$300 million in annual revenue. Analyst James Ferrier says Autosports is entering a new market at scale. It also becomes the sole dealer of several luxury brands as a result of the deal. Canaccord upgrades its EPS forecasts by 0-5% in FY 2026-2028. \"The Solitaire transaction adds further evidence to a trend of acceleration in dealership acquisition activity for Autosports,\" Canaccord says. \"We see upside risk to consensus in the outer years and we believe the valuation remains very attractive.\" It retains a buy call on Autosports and lifts its price target by 1% to A$4.84/share. Autosports ended Tuesday at A$2.86. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 03, 2026 18:02 ET (23:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}