ARB Loses Bull on Slowing Australian Car Sales -- Market Talk

Dow Jones

Mar 06, 2025

2357 GMT - Slowing new car sales in Australia costs ARB Corp its bull at Citi. Analyst Sam Teeger cuts his recommendation on the vehicle-accessory maker and retailer to neutral from buy, citing increased near-term caution from accelerating decline in Australian motor sales. New vehicle sales fell 8% in February, compared with January's 2% decline. Teeger tells clients in a note that the trend is negative for ARB's June-half aftermarket sales. He sees the weakness persisting through the rest of the calendar year, although there is upside risk given Citi's expectation that the Reserve Bank of Australia cuts the cash rate twice more in 2025. Target price falls by 23% to A$39.54. Shares are down 3.4% at A$34.01. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 05, 2025 18:57 ET (23:57 GMT)

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Analyst Sam Teeger cuts his recommendation on the vehicle-accessory maker and retailer to neutral from buy, citing increased near-term caution from accelerating decline in Australian motor sales. New vehicle sales fell 8% in February, compared with January's 2% decline. Teeger tells clients in a note that the trend is negative for ARB's June-half aftermarket sales. He sees the weakness persisting through the rest of the calendar year, although there is upside risk given Citi's expectation that the Reserve Bank of Australia cuts the cash rate twice more in 2025. Target price falls by 23% to A$39.54. Shares are down 3.4% at A$34.01. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2025 18:57 ET (23:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARB Loses Bull on Slowing Australian Car Sales -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARB Loses Bull on Slowing Australian Car Sales -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-06 07:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2357 GMT - Slowing new car sales in Australia costs ARB Corp its bull at Citi. Analyst Sam Teeger cuts his recommendation on the vehicle-accessory maker and retailer to neutral from buy, citing increased near-term caution from accelerating decline in Australian motor sales. New vehicle sales fell 8% in February, compared with January's 2% decline. Teeger tells clients in a note that the trend is negative for ARB's June-half aftermarket sales. He sees the weakness persisting through the rest of the calendar year, although there is upside risk given Citi's expectation that the Reserve Bank of Australia cuts the cash rate twice more in 2025. Target price falls by 23% to A$39.54. Shares are down 3.4% at A$34.01. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2025 18:57 ET (23:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARB.AU","symbol_name":"ARB CORP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517975779","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517975779","pubTimestamp":1741219020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2357 GMT - Slowing new car sales in Australia costs ARB Corp its bull at Citi. Analyst Sam Teeger cuts his recommendation on the vehicle-accessory maker and retailer to neutral from buy, citing increased near-term caution from accelerating decline in Australian motor sales. New vehicle sales fell 8% in February, compared with January's 2% decline. Teeger tells clients in a note that the trend is negative for ARB's June-half aftermarket sales. He sees the weakness persisting through the rest of the calendar year, although there is upside risk given Citi's expectation that the Reserve Bank of Australia cuts the cash rate twice more in 2025. Target price falls by 23% to A$39.54. Shares are down 3.4% at A$34.01. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ARB.AU":"ARB CORP LTD","ARB":"AltShares Merger Arbitrage ETF"},"translate_title":"ARB因澳大利亚汽车销售放缓而失去牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARB":1,"ARB.AU":0.9},"content_text":"2357 GMT - Slowing new car sales in Australia costs ARB Corp its bull at Citi. Analyst Sam Teeger cuts his recommendation on the vehicle-accessory maker and retailer to neutral from buy, citing increased near-term caution from accelerating decline in Australian motor sales. New vehicle sales fell 8% in February, compared with January's 2% decline. Teeger tells clients in a note that the trend is negative for ARB's June-half aftermarket sales. He sees the weakness persisting through the rest of the calendar year, although there is upside risk given Citi's expectation that the Reserve Bank of Australia cuts the cash rate twice more in 2025. Target price falls by 23% to A$39.54. Shares are down 3.4% at A$34.01. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2025 18:57 ET (23:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}