BUZZ-Citi expects CAR Group's North America business to slow down in second half of FY25

Reuters
03-07
BUZZ-Citi expects CAR Group's North America business to slow down in second half of FY25

** Analysts at Citi expect Australia-based CAR Group's CAR.AX digital marketplace business Trader Interactive to slow down by 8% in the second half of fiscal 2025

** Trader Interactive is a digital marketplace that connects buyers and sellers in North America

** CAR, which works as an online marketplace for automobiles around the world, had reported an HY adjusted net profit of A$177.3 million ($112.23 million) in early February, 3% below Visible Alpha consensus

** Citi warns risk in Trader Interactive's recovery to be further delayed

** "We see RV retail sales over next few months and TI's price increase in June quarter as next catalysts" - Citi

** Eight of 14 analysts rate the stock "buy" or higher, five "hold" and one "sell" or lower; with a median PT of A$40.68, according to data compiled by LSEG

** Stock up 1.8% this year, as of last close

($1 = 1.5798 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10