Australia's Carma rises on strong revenue growth after half-year results

Carma

27/02/2026 03:45

** Shares of Carma CMA.AX surge as much as 38% to A$1.38, their biggest intraday pct gain since listing in early November last year

** Used vehicles retailer hits highest level since February 20

** Co posts H1 FY26 revenue of A$50.9 million ($36.23 million), up 34% from year prior

** Says revenue from 1 January 2026 to 25 February 2026 is up 76% from same period last year

** However, co posts net loss of A$30.6 million vs A$$16 million in H1 of previous year

** Stock down ~34% this year, including the day's move

($1 = 1.4049 Australian dollars)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))