CAR Bull Sees U.S. Momentum as Key Positive -- Market Talk

Dow Jones
02/10

2150 GMT - CAR Group's bull at Citi sees the vehicle advertiser's U.S. momentum as the key positive of its first-half result. Keeping a buy rating on the stock, analyst Siraj Ahmed points out that revenue growth at the Australian company's U.S.-based Trader Interactive unit was up 13% on a constant currency basis, which is up on the 11% on-year growth it showed six months earlier. Ahmed tells clients in a note that he sees earnings margins expanding in fiscal 2027, following what he thinks will be a slight contraction in the current fiscal 2026. He sees potential for higher cost growth in fiscal 2027, but probably alongside stronger revenue. Citi cuts its target price 8% to A$36.45 on peers' softer valuation multiples. Shares are at A$26.91 ahead of the open. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 09, 2026 16:50 ET (21:50 GMT)

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