Australia's CAR Group rises on agreement to buy stake in Brazilian used-car platform

CAR

29/10/2026 24:41

** Shares of CAR Group CAR.AX rise as much as 3.1% to A$24.755, posting their biggest intraday pct gain since October 21
** Automotive tech platform through its subsidiary agrees to acquire a 51% stake in Brazilian used-vehicle trading platform Auto Avaliar for R$543 million ($101.72 million)
** Deal remains subject to approvals from Brazil's antitrust regulator CADE and the Central Bank of Brazil
** YTD, stock down 20.6%, including the session's moves

($1 = 5.3383 reais)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))