Summary
The fund managers believe that Autosports Group Ltd presents a compelling investment opportunity, particularly given the recent stabilization in the luxury car market. They note that after experiencing significant market dislocation due to COVID-19, including both shortages and oversupply, the supply and demand dynamics are now back in sync. With interest rates beginning to decline, the fund managers express confidence in the company's strong management under Nick Pageant, and they highlight that Autosports is currently trading at a cheaper valuation. They anticipate that the next year and a half could yield substantial leverage and growth for the company, suggesting that the recent upward trend in share price is just the beginning of a positive trajectory. Overall, the fund managers view Autosports as a promising investment moving forward.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Source: Trading View
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Commentary From The Managers
Centennial Asset Management
18 July 2025
$2.49
Summary
- Centennial Asset Management continues to hold a positive outlook on Auto Sports, a luxury car dealership group.
- The Australian car market experienced significant dislocation due to COVID-19, leading to both shortages and oversupply.
- Dealerships faced challenges with high financing costs and squeezed margins during this period.
- Current market conditions show that supply and demand are realigning, with interest rates trending downwards.
- Auto Sports is viewed as a more affordable investment opportunity with strong management under Nick Pageant.
- There is potential for leverage and growth over the next year and a half, suggesting a positive trajectory for the company.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
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Unlock current and most recent commentary ahead of the crowd
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Commentary From The Managers
Centennial Asset Management
18 July 2025
$2.49
Summary
- Centennial Asset Management continues to hold a positive outlook on Auto Sports, a luxury car dealership group.
- The Australian car market experienced significant dislocation due to COVID-19, leading to both shortages and oversupply.
- Dealerships faced challenges with high financing costs and squeezed margins during this period.
- Current market conditions show that supply and demand are realigning, with interest rates trending downwards.
- Auto Sports is viewed as a more affordable investment opportunity with strong management under Nick Pageant.
- There is potential for leverage and growth over the next year and a half, suggesting a positive trajectory for the company.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Frequently Asked Questions
Who has invested in Autosports Group Ltd (ASX:ASG)?
Fund managers including Centennial Asset Management have invested in Autosports Group Ltd (ASX:ASG).
Why have investment managers invested in Autosports Group Ltd (ASX:ASG)?
Fund managers are investing in Autosports Group Ltd due to its strong positioning in the luxury car dealership market, particularly following recent market dislocations caused by COVID-19. With supply and demand now stabilizing and interest rates declining, the company is expected to improve its margins and leverage effectively. Fund managers highlight the company's strong management and believe that the potential for growth is just beginning, making it an attractive investment opportunity as the market recovers.
What happened to Autosports Group Ltd (ASX:ASG)?
In July 2025, Centennial Asset Management highlighted Autosports Group Ltd as a promising investment during a webinar, noting its position as a luxury car dealership group. With the Australian car market recovering from COVID-induced dislocations, including previous shortages and oversupply, the firm pointed out that supply and demand are stabilizing and interest rates are decreasing. They praised Autosports for its strong management under Nick Pageant and its current undervaluation, suggesting significant leverage potential in the upcoming year and a half, making it an attractive investment at around $2.49 per share.