Australia's CAR Group extends losses; Macquarie hikes PT on outlook

CAR

11/02/2025 02:54

** Shares of CAR Group  CAR.AX  fall 2.3% to A$37.47, their
lowest level since January 13
    ** Stock fell 6.5% on Monday after reporting earnings below
visible alpha consensus estimates
    ** Macquarie raises price target by 5% for online vehicle
marketplace provider to A$39.00
    ** Brokerage attributes hike to persistently strong vehicle
market in Australia and reiterated FY25 guidance
    ** Eight of 14 analysts rate the stock "buy" or higher, 5
"hold" and 1 "sell"; their median PT is A$40.20 – data compiled
by LSEG
    ** Stock rose 15.7% in 2024

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))