CAR Group Ltd
CAR: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$26.00 | Trwjqcm | Mdwhdbkc |
Car Group Earnings: More Gas Left in the Tank as Company Finds New Roads to Growth
Following its fiscal 2024 results, we increase our fair value estimate for narrow-moat Car Group by 7% to AUD 29 per share. The company reported AUD 250 million in net profit aftertax, exceeding our AUD 240 million forecast, mostly due to top-line outperformance. The company continues to capture a larger share of the car retailing value chain, which warrants updates to our assumptions.