CAR Bull Likes Group's Boring 1H Result -- Market Talk
Dow Jones
Feb 09
2312 GMT - CAR Group's bull at RBC says the vehicle advertiser's first-half result is boring, but in a good way. Against the backdrop of a volatile global equities market, analyst Wei-Weng Chen is cheered by what he calls an uneventful result. The stock has underperformed recently, so Chen expects the performance to be greeted positively by investors. He tells clients in a note that the December-half performance was largely in line with consensus across key financial metrics, with full-year guidance reiterated. RBC has a last-published outperform rating and A$41.00 target price on the stock, which is up 9.4% at A$26.79. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 08, 2026 18:13 ET (23:13 GMT)
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