Macquarie’s top picks among ASX-listed car dealers
Simon EvansSenior reporter
Eagers Automotive and Autosports Group are the top picks for Macquarie among the ASX-listed car dealership groups and should benefit from elevated margins for the rest of calendar 2022 because of new vehicle shortages and high prices for used cars.
Macquarie has an “outperform” rating on both companies and believes they are both significantly undervalued.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
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