0316 GMT - An improvement in sales of the top 11 models fitted with ARB Corp. equipment is linked almost entirely to a single vehicle, Canaccord Genuity analysts point out. They tell clients in a note that while the 6.3% on-year rise is positive for the Australian accessory manufacturer, it mostly relates to an unusual jump in sales of the Toyota Prado. This stems from strong current sales of a new model comparing with low year-earlier sales as buyers waited on its release, they observe. However, they add that the Prado is a high-fitment rate vehicle, so the surge will be helpful to ARB. Canaccord Genuity has a hold rating and A$34.70 target price on the stock, which is down 0.3% at A$31.77. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 05, 2025 23:16 ET (03:16 GMT)

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