Latest news with #CARGroup
Business Insider
a day ago
- Automotive
- Business Insider
Morgans Reaffirms Their Buy Rating on CAR Group (WN6)
In a report released today, Steven Sassine from Morgans maintained a Buy rating on CAR Group, with a price target of A$40.80. The company's shares closed last Friday at €20.80. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Sassine is an analyst with an average return of -16.8% and a 39.68% success rate. Sassine covers the Communication Services sector, focusing on stocks such as CAR Group, REA Group Ltd, and Seek Limited. CAR Group has an analyst consensus of Strong Buy, with a price target consensus of €23.06, implying a 10.87% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a A$42.60 price target.
Business Insider
09-07-2025
- Automotive
- Business Insider
CAR Group (WN6) Receives a Buy from Citi
In a report released today, Siraj Ahmed from Citi maintained a Buy rating on CAR Group, with a price target of A$42.60. The company's shares closed yesterday at €20.40. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Ahmed is a 4-star analyst with an average return of 11.4% and a 55.70% success rate. Ahmed covers the Technology sector, focusing on stocks such as Xero Limited, Wisetech Global, and Nextdc Limited. The word on The Street in general, suggests a Strong Buy analyst consensus rating for CAR Group with a €22.75 average price target, which is an 11.52% upside from current levels. In a report released on June 23, Morgans also maintained a Buy rating on the stock with a A$40.80 price target. Based on CAR Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €579.41 million and a net profit of €123.48 million. In comparison, last year the company earned a revenue of €530.96 million and had a net profit of €117.03 million
Business Insider
24-06-2025
- Automotive
- Business Insider
Morgans Sticks to Its Buy Rating for CAR Group (WN6)
Morgans analyst Steven Sassine maintained a Buy rating on CAR Group (WN6 – Research Report) today and set a price target of A$40.80. The company's shares closed last Friday at €20.40. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Sassine is an analyst with an average return of -20.2% and a 32.79% success rate. Sassine covers the Communication Services sector, focusing on stocks such as CAR Group, REA Group Ltd, and Seek Limited. CAR Group has an analyst consensus of Strong Buy, with a price target consensus of €22.95, representing a 12.50% upside. In a report released on June 15, Citi also maintained a Buy rating on the stock with a A$42.60 price target. Based on CAR Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €579.41 million and a net profit of €123.48 million. In comparison, last year the company earned a revenue of €530.96 million and had a net profit of €117.03 million
Yahoo
15-06-2025
- Automotive
- Yahoo
With 49% ownership, CAR Group Limited (ASX:CAR) boasts of strong institutional backing
Significantly high institutional ownership implies CAR Group's stock price is sensitive to their trading actions A total of 25 investors have a majority stake in the company with 49% ownership Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Every investor in CAR Group Limited (ASX:CAR) should be aware of the most powerful shareholder groups. With 49% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. In the chart below, we zoom in on the different ownership groups of CAR Group. View our latest analysis for CAR Group Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in CAR Group. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see CAR Group's historic earnings and revenue below, but keep in mind there's always more to the story. CAR Group is not owned by hedge funds. The company's largest shareholder is State Street Global Advisors, Inc., with ownership of 7.2%. With 5.8% and 5.1% of the shares outstanding respectively, The Vanguard Group, Inc. and BlackRock, Inc. are the second and third largest shareholders. On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Shareholders would probably be interested to learn that insiders own shares in CAR Group Limited. The insiders have a meaningful stake worth AU$639m. Most would say this shows a good alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling. The general public-- including retail investors -- own 45% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for CAR Group you should know about. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
05-06-2025
- Automotive
- Business Insider
Citi Remains a Buy on CAR Group (WN6)
In a report released today, Siraj Ahmed from Citi maintained a Buy rating on CAR Group (WN6 – Research Report), with a price target of A$42.00. The company's shares closed last Monday at €19.80. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Ahmed covers the Technology sector, focusing on stocks such as Wisetech Global, Xero Limited, and Nextdc Limited. According to TipRanks, Ahmed has an average return of 9.9% and a 54.30% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for CAR Group with a €22.12 average price target. WN6 market cap is currently €7.61B and has a P/E ratio of 47.78.
