CAR Group's U.S. Earnings Growth Supported by Slower Hiring -- Market Talk

Dow Jones10-28

0354 GMT - A hiring slowdown at CAR Group's Trader Interactive business is likely to support U.S. earnings growth, Citi analyst Siraj Ahmed says. He tells clients that Citi's analysis of hiring activity suggests that on-year headcount growth at Trader Interactive has slowed to 13% from 19% in June. With Ahmed expecting revenue growth to ease over the six months through December, the slowdown in hiring pace should help support 10% Ebitda growth, which CAR Group would characterize as good. Citi has a buy rating and A$39.50 target price on the stock, which is up 1.0% at A$37.45.(stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 27, 2024 23:54 ET (03:54 GMT)

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