Australia's Autosports dips on dealerships deal

Autosports

21/11/2025 03:28

** Autosports Group ASG.AX falls 2.3% to A$4.33 and is heading for its steepest weekly drop since September 22 after losing 3.1% this week

** Auto retailer strikes ~A$34 million ($21.92 million) deal to buy 10 Barry Bourke Motors dealerships in Victoria

** Says acquisition to deepen ties with Audi, Jaguar Land Rover, Volvo; expects deal to be immediately accretive

** Expects H1 FY26 normalised NPBT of A$35–36 mln, up 73–78% on year

** Stock rises 7.5% this month, poised for its strongest November on record

($1 = 1.5513 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))