CAR Group Bull Says Trends Softened in May, June

Dow Jones
07/15

Citi pares its price target on CAR Group by 12% to A$30.60/share, highlighting softening trends toward the end of 2H. Analyst Siraj Ahmed notes that traffic to Carsales.com.au was up 14% in 2H compared to a year ago. "However app traffic slowed in May/June which combined with weak used car sales in June (-16% year-over-year) could point to softening used car demand into FY27," Citi says. Still, the bank retains a buy call on CAR's stock. The softening trends could impact CAR's ability to push through price increases. But Citi says media growth, dealer add-ons, and other offsets should drive 10% Ebitda growth in FY27, or 12% growth when currency swings are stripped out. CAR ended Tuesday at A$25.47. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

July 14, 2026 19:10 ET (23:10 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

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。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10