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

Dow Jones
9 hours ago

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10