2147 GMT - CAR Group's bull at Jefferies reckons that the vehicle advertiser's investment strategy means it faces minimal risk of disruption from AI. Analyst Roger Samuel tells clients in a note that the Australian company's long-running investment in product and data has built a defense against AI and improved the experience for its users. He says the creation of a dedicated AI lab in Brazil is being conducted in a disciplined manner, and likes CAR's deepening of its entrenchment in dealer ecosystems through acquisition of management and planning software business in the U.S. and Brazil. Jefferies keeps a buy rating on the stock but cuts its target price 6.1% to A$38.50, citing the recent de-rating of peer stocks. Shares are at A$26.91 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 09, 2026 16:47 ET (21:47 GMT)
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