2326 GMT [Dow Jones]--Car dealer Autosports's new debt facility and improving earnings momentum help cement Wilsons's bullish view of its stock. Autosports yesterday announced a new A$350 million syndicated debt facility with four existing financiers. Analyst James Ferrier says it gives Autosports more firepower for M&A when car manufacturers are rethinking their dealership arrangements. "Looking ahead, falling interest rates and the potential unwind of the luxury car tax present demand tailwinds," Wilsons says. It expects gross margins to improve across many car brands that Autosports sells. (david.winning@wsj.com)
(END) Dow Jones Newswires
June 04, 2025 19:29 ET (23:29 GMT)
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