CAR Group's (ASX:CAR) fiscal first-half adjusted earnings before interest, taxes, depreciation, and amortization of AU$339 million and adjusted net profit after tax of AU$197 million met expectations, according to a Monday report by Jefferies.

On Monday, the company also reported fiscal first-half adjusted earnings of AU$0.519 per share, up from AU$0.469 a year earlier.

Its revenue from continuing operations for the six months ended Dec. 31, 2025, was AU$625.8 million, up from AU$579.4 million a year earlier.

The rise in revenue came in despite challenging macro conditions, Jefferies said.

The revenue reached the top end of the company's guidance range of 14% and CAR expects to maintain the same in the second half, Jefferies noted.

However, foreign exchange movements are expected to reduce net profit after tax for the fiscal year by 2%.

Jefferies has a buy rating on CAR Group and lowered its price target to AU$38.50 from AU$41.

Shares of the company rose 2% in recent Tuesday trade.