Australia's CAR Group soars most in 12 years on robust first-half earnings

Car

08/02/2026 23:29

** Shares of Australia's online auto classifieds firm, CAR Group CAR.AX, jump 14.2% to A$27.96

** Stock marks its biggest intraday pct jump since March 2014

** CAR among top 10 gainers in the ASX200 benchmark index .AXJO

** CAR reports 1H26 adjusted net profit of A$196.8 million  ($138.25 million), slightly ahead of the Visible Alpha consensus of A$196.1 million and 11.5% higher than last year

** Announces 1H26 interim dividend of 42.5 Australian cents apiece, 10% higher than last year

** Reaffirms FY26 outlook of FY26 adjusted NPAT growth between 9-13% on a constant currency basis

** CAR stock down 10.4% this year, including the day's move, vs a 1.5% increase in the ASX200 benchmark

($1 = 1.4235 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru; Editing by Stephen Coates)

 ((Sameer.Manekar@thomsonreuters.com;))