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。