Refile: BUZZ-Citi analysts uphold buy rating for Australia's CAR Group

CAR

31/03/2025 20:15

Removes dateline

** Citi analysts reiterate "buy" rating for Australia's online vehicle marketplace operator CAR Group CAR.AX with target price of A$42
** While U.S.-based Boats Group is ingrained in the marine industry, we see material price increases as providing Trader Interactive (TI), CAR's digital marketplace business, with an opportunity and see industry structure (i.e. brokers) as supporting a pay-per-leads model, Citi says
** Brokerage moderates TI’s medium-term EBITDA margins to reflect investment in sales team and marketing
** Stock down 12.6% YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.Kumar@thomsonreuters.com;))