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

Car

09/02/2026 02:28

Updates

** Shares of online auto classifieds firm CAR Group CAR.AX jump 14.2% to A$27.96,  biggest intraday jump since March 2014

** Among top 10 gainers on ASX200 benchmark index .AXJO, which is 1.9% up

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

** Interim dividend rises 10% to 42.5 Australian cents

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

** Jefferies reiterates "Buy" rating, A$24.48 PT, notes "Australian business displays stable growth with a widening gap to competitors"

** CAR down 10.4% so far this year vs 1.5% .AXJO rise

($1 = 1.4235 Australian dollars)

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

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