BUZZ-Seek is Macquarie's top pick in Aussie classifieds sector; 'neutral' on CAR Group, REA

Reuters
Sep 04
BUZZ-Seek is <a href="https://laohu8.com/S/MQG.AU">Macquarie</a>'s top pick in Aussie classifieds sector; 'neutral' on CAR Group, REA

** Macquarie names Seek SEK.AX its top pick in Australian classifieds sector; says lower rates might support sector's volume, manage operating jaws

** Adds FY25 results showed co's platform unification, advertisement ladder driving yields; FY26 guidance seen conservative

** Expects EPS to grow at 29% CAGR FY25–FY28; retains "outperform", PT at A$32.50

** Rates CAR Group CAR.AX "neutral", with A$39 PT; sees 12% EPS CAGR

** Sees international investment impacting operational jaws, but adds Australian arm has matured

** Maintains "neutral" on REA REA.AX, with PT at A$255

** Sees 16% EPS CAGR; warns of high valuation, competition from Domain DHGAF.PK under new owner CoStar CSGP.O

** Notes Seek outperformed peers in 2025, rising 21% YTD

** SEK last up 1.5%, CAR rises 0.5%, REA falls 0.7%

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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