CAR Group Bull Sees Little Risk to 2H Forecasts -- Market Talk

Dow Jones

2025/06/06

0335 GMT - CAR Group's bull at Citi sees little risk to their 2H forecasts for the Australian vehicle advertiser's U.S. unit. Analyst Siraj Ahmed draws clients' attention to recreational-vehicle maker Thor's 3Q result, which was stronger than market expectations. He writes in a note that this supports his view that RV demand in the U.S. remains steady, which is good news for CAR's Trader Interactive unit. Citi keeps a buy rating and A$42.00 on the stock, which is up 0.4% at A$36.07. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 05, 2025 23:35 ET (03:35 GMT)

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He writes in a note that this supports his view that RV demand in the U.S. remains steady, which is good news for CAR's Trader Interactive unit. Citi keeps a buy rating and A$42.00 on the stock, which is up 0.4% at A$36.07. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 05, 2025 23:35 ET (03:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}