Carma's Unit Economics Drive Fresh Buy Rating -- Market Talk

Dow Jones

2025/11/19

2336 GMT - Australian vehicle refurbisher and reseller Carma gets a new bull at Canaccord Genuity, where analyst Owen Humphries highlights its attractive unit economics. Initiating coverage with a buy rating, Humphries tells clients in a note that the company's sub-scale status presents a misleading picture of what is currently a loss-making enterprise. He thinks gross profit per retail unit will increase from A$3,600 in the current fiscal year to A$5,400 in FY 2028. This is driven by increased in-house sourcing, higher vehicle turnover at its reconditioning center and lower financing costs. Canaccord Genuity puts a A$3.50 target price on the stock, which is flat at A$1.81. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 18, 2025 18:36 ET (23:36 GMT)

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Initiating coverage with a buy rating, Humphries tells clients in a note that the company's sub-scale status presents a misleading picture of what is currently a loss-making enterprise. He thinks gross profit per retail unit will increase from A$3,600 in the current fiscal year to A$5,400 in FY 2028. This is driven by increased in-house sourcing, higher vehicle turnover at its reconditioning center and lower financing costs. Canaccord Genuity puts a A$3.50 target price on the stock, which is flat at A$1.81. 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Initiating coverage with a buy rating, Humphries tells clients in a note that the company's sub-scale status presents a misleading picture of what is currently a loss-making enterprise. He thinks gross profit per retail unit will increase from A$3,600 in the current fiscal year to A$5,400 in FY 2028. This is driven by increased in-house sourcing, higher vehicle turnover at its reconditioning center and lower financing costs. Canaccord Genuity puts a A$3.50 target price on the stock, which is flat at A$1.81. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2025 18:36 ET (23:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CMA.AU","symbol_name":"Carma Limited","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2584964274","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584964274","pubTimestamp":1763508960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2336 GMT - Australian vehicle refurbisher and reseller Carma gets a new bull at Canaccord Genuity, where analyst Owen Humphries highlights its attractive unit economics. Initiating coverage with a buy rating, Humphries tells clients in a note that the company's sub-scale status presents a misleading picture of what is currently a loss-making enterprise. He thinks gross profit per retail unit will increase from A$3,600 in the current fiscal year to A$5,400 in FY 2028. This is driven by increased in-house sourcing, higher vehicle turnover at its reconditioning center and lower financing costs. Canaccord Genuity puts a A$3.50 target price on the stock, which is flat at A$1.81. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CMA.AU":"Carma Limited"},"translate_title":"Carma的单位经济效益推动新的买入评级——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CMA.AU":0.9},"content_text":"2336 GMT - Australian vehicle refurbisher and reseller Carma gets a new bull at Canaccord Genuity, where analyst Owen Humphries highlights its attractive unit economics. Initiating coverage with a buy rating, Humphries tells clients in a note that the company's sub-scale status presents a misleading picture of what is currently a loss-making enterprise. He thinks gross profit per retail unit will increase from A$3,600 in the current fiscal year to A$5,400 in FY 2028. This is driven by increased in-house sourcing, higher vehicle turnover at its reconditioning center and lower financing costs. Canaccord Genuity puts a A$3.50 target price on the stock, which is flat at A$1.81. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 18, 2025 18:36 ET (23:36 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"}}}