** Shares of CAR Group CAR.AX fall 2.3% to A$37.47, their lowest level since January 13
** Stock fell 6.5% on Monday after reporting earnings below visible alpha consensus estimates
** Macquarie raises price target by 5% for online vehicle marketplace provider to A$39.00
** Brokerage attributes hike to persistently strong vehicle market in Australia and reiterated FY25 guidance
** Eight of 14 analysts rate the stock "buy" or higher, 5 "hold" and 1 "sell"; their median PT is A$40.20 – data compiled by LSEG
** Stock rose 15.7% in 2024
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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