CAR Group Ltd

CAR: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$42.00	Vycdvxg	Mpqwxfsspb

Car Group Earnings: A Strong Result but We Are Cautious to Extrapolate Too Much

Roy Van Keulen

Feb 12, 2024

We raise our fair value estimate for narrow-moat Car Group by 4% to AUD 26 per share. The increase in our fair value estimate primarily reflects the time value of money and interim 2024 results being slightly above our expectations. At current prices, Car Group shares continue to screen as materially overvalued.

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