Luxury car dealership Autosports's customers should be more resilient to the macro headwinds blowing hard right now, but they are not immune, UBS says. Three interest rate hikes this year are likely to be followed by one more in August. Middle East disruptions, inflationary pressures, and recent changes to tax incentives risk flowing through to property prices, UBS says. That could damp the wealth effect and hit consumer demand. "Autosports's electric vehicle greenfields (Zeekr, Polestar, Geely) are generating big order banks, with the benefit flowing through in FY27 and helping offset some of the headwinds," analyst Tim Plumbe says. Combined with a full-year benefit from acquisitions, Autosports's FY27 net profit could rise 4%. UBS keeps a buy call, but cuts its price target by 32% to A$3.35/share. Autosports ended Monday at A$1.905. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 15, 2026 19:03 ET (23:03 GMT)

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