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AMA Group (ASX:AMA), the panel repair and automotive services business, is backed by several value managers as a turnaround. In June 2026, Forager Funds said AMA's Capital SMART segment continues to perform strongly with healthy margins, and expects a better relationship with its primary insurance client to bring more locations and higher volumes. Forager added to its position during a small-cap sell-off, citing a very low earnings multiple and growing earnings, while Wentworth Williamson noted director buying and stable traffic volumes despite market fears. AMA Group operates in the Industrials sector within the Commercial Services and Supplies industry, and Thesis Tracker has captured 18 comments from 7 fund managers, including Forager, Wentworth Williamson, Thorney and NAOS. Founded in 2005 and headquartered in Melbourne, AMA Group operates Australia's largest network of collision repair centres, including Capital SMART, AMA Collision and Wales, alongside automotive parts and consumables businesses.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Thorney Investment Group, Naos Asset Management, Forager Funds, Ellerston Capital, Paradice Investment Management, Acorn Capital and Wentworth Williamson have invested in AMA Group Ltd (ASX:AMA).
Forager highlights strong margins at Capital SMART, improving insurer relationships likely to lift volumes and a low earnings multiple, while Wentworth Williamson points to director buying and conviction in AMA's medium-term turnaround and value realisation.
Wentworth Williamson notes the shares sold off on fears that higher fuel prices and work-from-home trends would reduce traffic and accident volumes, and Thorney observed weakness even after earnings guidance was confirmed.
AMA Group Ltd. is an Australian automotive services company headquartered in Melbourne, established in 2005. Its core operations include vehicle collision repair and the supply of automotive parts and consumables. The company operates through three primary segments: Vehicle Collision Repairs, comprising Capital S.M.A.R.T. and AMA Collision; Heavy Motors, which provides specialized repair facilities for commercial vehicles, including buses and earthmoving equipment; and the Wales segment, which also focuses on specialized heavy commercial vehicle repairs. AMA Group serves both passenger and commercial sectors, managing extensive repair facilities across Australia.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.