CAR Trumps REA, Seek as Top Australian Internet Pick -- Market Talk
Dow Jones
Jun 13, 2025
0019 GMT - CAR Group's recent relative underperformance help supports the vehicle advertiser as Citi analyst Siraj Ahmed's top pick of Australian internet stocks. Ahmed observes that CAR has underperformed both jobs marketplace Seek and property advertiser REA over the past 12 months amid slowing U.S. growth and broader economic concerns. However, he reminds clients in a note that CAR's U.S. exposure includes boat advertising. The market is underestimating the growth potential here, he adds. Seek is No. 2 pick and News Corp-controlled REA is No. 3. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 12, 2025 20:19 ET (00:19 GMT)
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