2323 GMT - Any positive effect from CAR Group's larger-than-expected U.S. price increases is offset by increased churn among recreational-vehicle dealers, Citi analyst Siraj Ahmed says. He tells clients that conversations with dealers point to a 6% price increase across all verticals at CAR's Trader Interactive business, effective from April 1. This compares with his prior forecast of a 5% price increase from mid-May. However, he says that the revenue benefit is countered by a 4% on-year drop in dealer numbers on Trader Interactive. His key question is whether weaker consumer confidence will negatively affect vehicle demand. Citi has a "buy" rating and A$43.40 target price on the stock, which is down 2.25%, at A$32.63. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 18, 2025 19:23 ET (23:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。