Australia's CAR Group rises on annual results, fair value estimate hike

CAR

11/08/2025 06:59

Updates

** Shares of CAR Group CAR.AX rise as much as 3.4% to A$38.25, posting their biggest intraday pct gain since July 18

** Stock hits its highest level since July 31

** Automotive tech platform posts 10% rise in FY adj net profit attributable to A$377 mln ($245.92 mln)

** Sees FY26 adjusted NPAT growth of 9%-13% in constant currency

** Morningstar raises fair value estimate by 2% to A$31.50/share

** Sees co's U.S. online marketplace, Trader Interactive, as having solidified its market position, entering monetisation phase for recreational vehicles and powersports

** CAR Group declares final dividend of 41.5 AU cents/shr vs 38.5 AU cents last year

** Stock last up 0.2%, taking YTD gains to 2.9%

($1 = 1.5347 Australian dollars)

($1 = 1.5330 Australian dollars)

 (Reporting by Keshav Singh Chundawat and Kumar Tanishk in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com;))