2222 GMT - CAR Group's bull at Citi reckons that a major U.S. customer is likely to return to the Australian vehicle advertiser's Trader Interactive platform. Analyst Siraj Ahmed acknowledges that Blue Compass's decision to stop using TI from January is a negative but tells clients in a note that history suggests the RV retailer's absence will be only temporary. He reaches his conclusion after talking with CAR management. Ahmed adds that TI's boat marketplace will likely get a boost from rival BoatTrader's recent material price rises. He trims his medium-term Ebitda margin forecasts to reflect sales and marketing investment. Citi cuts its target price 3.2% to A$42.00 and keeps a buy rating on the stock, which is at A$31.49 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 18:23 ET (22:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。