CAR Group's Bull Pleased With Unchanged Guidance -- Market Talk
Dow Jones
Feb 11
0053 GMT - CAR Group's reaffirmed annual guidance and strategic AI investment support increased bullishness on the stock at Morgans. Raising his recommendation to buy from accumulate, analyst Steven Sassine tells clients in a note that the stock is at an attractive entry point given what he thinks is a double-digit EPS growth profile. Sassine is pleased that the vehicle advertiser reiterated its guidance after what he says was a strong first-half result, with reinvestment across all regions likely to push annual revenue growth above Ebitda growth. Morgans trims its target price 0.8% to A$35.20. Shares are down 0.7% at A$27.00. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 19:54 ET (00:54 GMT)
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