0112 GMT - CAR Group's strong profit outlook looks priced in to Macquarie analysts. With an unchanged neutral rating on the Australia-listed vehicle advertiser, Macquarie's analysts tell clients in a note that CAR is well-placed to report annual adjusted net profit growth of between 9% and 12% through fiscal 2029, on a constant-currency basis. However, they point out that the 11% growth reported for the last fiscal year was in line with consensus. The investment bank's view is that the stock is trading at 25 times earnings on a one-year forward basis, with its price-to-earnings-growth ratio at the midpoint of its recent range. Macquarie raises its target price 4.6% to 29.80 Australian dollars. Shares are down 3.1% at A$28.79.
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