Autosports Bull Takes More Conservative View of Margins -- Market Talk

Dow Jones

05/18

0048 GMT - Luxury car retailer Autosports's bull at Macquarie pares its price target by 37% to A$3.25/share as three interest rate rises in Australia since the start of this year damp consumer confidence. Macquarie says weaker demand for cars with internal combustion engines is also a threat to Autosports's revenue and margins. Still, Autsports is benefiting from an accelerated uptake in electric vehicles. Macquarie says a significant market shift is underway. Electric vehicle sales are up 92% in FY 2026 so far. Orders have tripled after the Middle East conflict sent fuel prices soaring. Autosports is up 0.5% at A$2.22. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 17, 2026 20:48 ET (00:48 GMT)

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