CAR Keeps Bull Despite Tech-Stock Pullback -- Market Talk

Dow Jones12-10 09:32

0132 GMT - CAR Group keeps its bull at Bell Potter despite the recent pullback in high-multiple and tech stocks. Analyst Michael Ardrey makes no changes to his forecasts or valuation on the Australia-listed vehicle classifieds provider, telling clients that the stock still looks undervalued. He reckons that the stock's current valuation of 28 times 12-month-forward earnings is its lowest for two years. This fails to recognize the underlying investment case as adjusted earnings accelerate from FY 2027 amid easing margin headwinds. Bell Potter keeps a buy rating and A$42.20 target price on the stock. Shares are down 0.4% at A$32.24. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 09, 2025 20:32 ET (01:32 GMT)

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This fails to recognize the underlying investment case as adjusted earnings accelerate from FY 2027 amid easing margin headwinds. Bell Potter keeps a buy rating and A$42.20 target price on the stock. Shares are down 0.4% at A$32.24. 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