Autosports May Have to Wait for Market Recovery -- Market Talk

Dow Jones

Jan 30, 2025

2354 GMT - Macquarie thinks luxury car dealer Autosports is too optimistic about a market recovery in the near term. Autosports this week warned on 1H pretax profits, calling out tough conditions for new vehicle sales in November and December. Still, Macquarie highlights that Autosports has previously said it expects the operating environment in 2H to be similar to a year earlier. "However we expect organic new vehicle sales will remain under pressure," Macquarie says. "The market is cycling 2H of FY 2024 new vehicle registrations growth of 8.7% with a soft macroeconomic environment creating further downside risk." Macquarie has an outperform call on Autosports. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 29, 2025 18:54 ET (23:54 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2507660053"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2507660053\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2507660053?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-30 07:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507660053","market":"us","top_or_hot":-1,"title":"Autosports May Have to Wait for Market Recovery -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2354 GMT - <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> thinks luxury car dealer Autosports is too optimistic about a market recovery in the near term. Autosports this week warned on 1H pretax profits, calling out tough conditions for new vehicle sales in November and December. Still, Macquarie highlights that Autosports has previously said it expects the operating environment in 2H to be similar to a year earlier. \"However we expect organic new vehicle sales will remain under pressure,\" Macquarie says. \"The market is cycling 2H of FY 2024 new vehicle registrations growth of 8.7% with a soft macroeconomic environment creating further downside risk.\" Macquarie has an outperform call on Autosports. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 18:54 ET (23:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Autosports May Have to Wait for Market Recovery -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAutosports May Have to Wait for Market Recovery -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-30 07:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2354 GMT - <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> thinks luxury car dealer Autosports is too optimistic about a market recovery in the near term. Autosports this week warned on 1H pretax profits, calling out tough conditions for new vehicle sales in November and December. Still, Macquarie highlights that Autosports has previously said it expects the operating environment in 2H to be similar to a year earlier. \"However we expect organic new vehicle sales will remain under pressure,\" Macquarie says. \"The market is cycling 2H of FY 2024 new vehicle registrations growth of 8.7% with a soft macroeconomic environment creating further downside risk.\" Macquarie has an outperform call on Autosports. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 18:54 ET (23:54 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":"2507660053","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507660053","pubTimestamp":1738194840,"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":"2354 GMT - Macquarie thinks luxury car dealer Autosports is too optimistic about a market recovery in the near term. Autosports this week warned on 1H pretax profits, calling out tough conditions for new vehicle sales in November and December. Still, Macquarie highlights that Autosports has previously said it expects the operating environment in 2H to be similar to a year earlier. \"However we expect organic new vehicle sales will remain under pressure,\" Macquarie says. \"The market is cycling 2H of FY 2024 new vehicle registrations growth of 8.7% with a soft macroeconomic environment creating further downside risk.\" Macquarie has an outperform call on Autosports. ","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":"汽车运动可能需要等待市场复苏——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASG.AU":0.9},"content_text":"2354 GMT - Macquarie thinks luxury car dealer Autosports is too optimistic about a market recovery in the near term. Autosports this week warned on 1H pretax profits, calling out tough conditions for new vehicle sales in November and December. Still, Macquarie highlights that Autosports has previously said it expects the operating environment in 2H to be similar to a year earlier. \"However we expect organic new vehicle sales will remain under pressure,\" Macquarie says. \"The market is cycling 2H of FY 2024 new vehicle registrations growth of 8.7% with a soft macroeconomic environment creating further downside risk.\" Macquarie has an outperform call on Autosports. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2025 18:54 ET (23:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}