Citi expects CAR Group's North America business to slow down in second half of FY25
Analysts at Citi expect Australia-based CAR Group's CAR.AX digital marketplace business Trader Interactive to slow down by 8% in the second half of fiscal 2025
Trader Interactive is a digital marketplace that connects buyers and sellers in North America
CAR, which works as an online marketplace for automobiles around the world, had reported an HY adjusted net profit of A$177.3 million ($112.23 million) in early February, 3% below Visible Alpha consensus
Citi warns risk in Trader Interactive's recovery to be further delayed
"We see RV retail sales over next few months and TI's price increase in June quarter as next catalysts" - Citi
Eight of 14 analysts rate the stock "buy" or higher, five "hold" and one "sell" or lower; with a median PT of A$40.68, according to data compiled by LSEG
Stock up 1.8% this year, as of last close
($1 = 1.5798 Australian dollars)
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