CAR Group Could Benefit From Improved Buying Intentions -- Market Talk

0031 GMT - CAR Group remains UBS analysts' pick of Australian online classifieds stocks, with the investment bank seeing signs of increased consumer interest in vehicle shopping. The analysts acknowledge a 21% on-year drop in private vehicle inventory for the six months through June, but point to a proprietary UBS survey that shows a rise in the number of consumers looking to buy a car over the next three months. At the same time, they say U.S. recreational-vehicle inventories are still trending upwards from cyclical lows of the past two fiscal years. They see this lowering risks around their forecast of flat dealer growth into fiscal 2027. UBS trims its target price by 3% to 32.80 Australian dollars and keeps a buy rating on the stock, which is up 2.8% at A$24.58. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 26, 2026 20:31 ET (00:31 GMT)