** Shares of Australia's ARB Corp ARB.AX fall 2.1% to A$25.19, their lowest point since mid-June 2022

** Noting co's recent update, Citi says the auto parts maker seems to be adversely impacted by the shift away from core models for auto parts companies in Australia

** On January 20, co said HY sales to the Australian Aftermarket channel declined 1.7% over pcp, while company sales to original equipment manufacturers declined 38.2%

** Citi cuts FY26 to FY28 NPAT outlook by 6% to 8%, and lowers target price by 5% to A$42.25

** Says moving into CY26, ARB will be heavily reliant on a few car models to drive accessory sale, and any interest rate hikes would likely dampen demand

** However, brokerage retains "buy" rating, and is positive on U.S. prospects based on ground feedback

** Stock down 19.9% in January after falling 18.2% in 2025

(jReporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))