Autosports Guidance Cut Looks Driven by Demand -- Market Talk

Dow Jones

2025/01/29

2336 GMT - Weakening retail demand appears to be the main driver of Autosports Group's guidance downgrade, Citi analyst Jack Dunn says. He concedes that the vehicle retailer probably experienced a negative impact from industrial action that caused delays at ports, but reckons that excess inventory and weak demand is probably the underlying cause. Dunn writes in a note that the June half is likely to be challenging for Autosports, with the vehicle market yet to bottom and interest-rate cuts yet to eventuate. Citi has a last-published neutral rating and A$2.10 target price on the stock, which is down 5.7% at A$1.65. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 28, 2025 18:36 ET (23:36 GMT)

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He concedes that the vehicle retailer probably experienced a negative impact from industrial action that caused delays at ports, but reckons that excess inventory and weak demand is probably the underlying cause. Dunn writes in a note that the June half is likely to be challenging for Autosports, with the vehicle market yet to bottom and interest-rate cuts yet to eventuate. Citi has a last-published neutral rating and A$2.10 target price on the stock, which is down 5.7% at A$1.65. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 28, 2025 18:36 ET (23:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASG.AU","symbol_name":"AUTOSPORTS GROUP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507011520","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507011520","pubTimestamp":1738107360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2336 GMT - Weakening retail demand appears to be the main driver of Autosports Group's guidance downgrade, Citi analyst Jack Dunn says. He concedes that the vehicle retailer probably experienced a negative impact from industrial action that caused delays at ports, but reckons that excess inventory and weak demand is probably the underlying cause. Dunn writes in a note that the June half is likely to be challenging for Autosports, with the vehicle market yet to bottom and interest-rate cuts yet to eventuate. Citi has a last-published neutral rating and A$2.10 target price on the stock, which is down 5.7% at A$1.65. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ASG.AU":"AUTOSPORTS GROUP LTD","BK7143":"汽车零售"},"translate_title":"汽车运动指导削减看起来是由需求驱动的——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASG.AU":0.9},"content_text":"2336 GMT - Weakening retail demand appears to be the main driver of Autosports Group's guidance downgrade, Citi analyst Jack Dunn says. 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