CAR Group Ltd

CAR: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$41.00	Rkzpw	Yvcfqnzs

Car Group Earnings: More Gas Left in the Tank as Company Finds New Roads to Growth

Roy Van Keulen

Aug 12, 2024

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.

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