SYDNEY, June 30, 2026, 07:01 AEST
- ASX cash market sat in pre-open at the time of the update. Normal trading kicks off at 09:59:45 Sydney, according to the .
- CAR finished Monday at A$25.54, gaining 4.24%. The stock dropped 5.22% Friday.
- FactSet figures published by the WSJ show a median target for the stock at A$33.65, which is 31.8% higher than where it closed Monday. The lowest target comes in at A$28.50.
- CAR reiterated its FY26 constant-currency outlook back in February, sticking with proforma revenue growth of 12%-14%, proforma EBITDA up 10%-13%, and adjusted NPAT growth between 9%-13%.
CAR Group Limited ASX:CAR traded higher Monday, but the bigger story may be the growing spread between where the stock sits and broker targets after last month’s drop.
Shares in the online vehicle marketplace finished at A$25.54, up A$1.04 on the day. Trading volume hit 2.35 million shares, above the 65-day average of 1.98 million. Prices moved between A$25.00 and A$25.83 during the session, according to FactSet data reported by WSJ.
Shares remain 39.3% under their 52-week high of A$42.06. With 378.86 million shares out, according to Google Finance, that distance from the top wipes about A$6.3 billion from equity value.
| Reference point | Price | Distance from Monday close |
|---|---|---|
| Monday close | A$25.54 | — |
| 52-week low | A$21.47 | -15.9% |
| WSJ/FactSet low target | A$28.50 | +11.6% |
| WSJ/FactSet median target | A$33.65 | +31.8% |
| WSJ/FactSet high target | A$35.00 | +37.0% |
| 52-week high | A$42.06 | +64.7% |
The spread is key since CAR is trading nearer its March low than where analysts still have their targets. WSJ’s table Friday listed seven buys, three overweight calls, one hold, and zero underweight or sell ratings right now.
Shares gained Monday, recovering about 77% of Friday’s A$1.35 drop. The stock still finished below Thursday’s close.
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Jun. 29 | A$25.05 | A$25.83 | A$25.00 | A$25.54 | 2.35 mln |
| Jun. 26 | A$25.30 | A$25.46 | A$24.20 | A$24.50 | 2.41 mln |
| Jun. 25 | A$26.46 | A$26.76 | A$25.85 | A$25.85 | 2.24 mln |
| Jun. 24 | A$26.26 | A$26.48 | A$25.75 | A$26.19 | 3.77 mln |
| Jun. 23 | A$26.84 | A$26.95 | A$25.93 | A$25.93 | 1.42 mln |
The S&P/ASX 200 was up 0.68% to 8,823.40 on Monday. CAR outperformed the index, but that comes after a bigger dive on Friday.
CAR’s last major update handed bulls some solid numbers. Back in February, the company said H1 FY26 revenue was up 8% to A$626 million. EBITDA rose 11% to A$324 million and NPAT climbed 16% to A$143 million. CEO William Elliott described it as a “strong first half” and said carsales traffic and enquiry levels “remain strong”.
Growth now comes mostly from international, not just Australia classifieds. International business accounted for around 59% of revenue in H1 FY26.
| Segment | H1 FY26 revenue | Constant-currency growth |
|---|---|---|
| Australia | A$251 mln | 8% |
| North America | A$167 mln | 13% |
| Latin America | A$126 mln | 23% |
| Asia | A$75 mln | 17% |
| Investments | A$6 mln | -84% |
| Total revenue | A$626 mln | 7% |
The split puts more pressure on the selloff. CAR’s value now hangs on Brazil, South Korea and the US continuing to deliver growth, with Australia just holding its ground. The company expects North America revenue to grow faster than EBITDA in FY26, with spending on marine and some smaller deals. In Asia, the company says revenue will also beat EBITDA growth, driven by Dealer Direct marketing.
ASX started trading at 09:59:45 in Sydney. Early focus is on CAR and if it stays above the A$25.00 level set in Monday’s range. Sellers may look for any bounce to trim positions ahead of the June 30 session, while buyers try to defend the floor.
