Australia's CAR Group falls over 6% as first-half results miss street view

CAR

10/02/2025 24:13

** Shares of CAR Group  CAR.AX  fall 6.4% to A$38.40, their
lowest level since January 21
    ** CAR posts its biggest intraday pct drop since September
30, 2022; top loser in the ASX200 benchmark index  .AXJO 
    ** Online automotive marketplace reports 1H25 adjusted net
profit of A$177.3 million ($110.90 million), 3% below Visible
Alpha consensus
    ** Says 1H25 reported EBITDA A$292 million, 3% below VA
consensus
    ** Co posts 5.5% growth in net profit to A$123.5 million
compared to last year
    ** "Overall result is quite resilient given tough industry
conditions in the U.S. and Private (listing) in Australia
normalising" - Citi
    ** CAR stock up 6.4% this year, including the day's moves

($1 = 1.5987 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))