We also discussed CAR earlier this month after it surged up towards $40 following a solid FY25 result. After retracing 10% from its August high we feel the stock is starting to offer value, in what’s currently a fairly soggy local tech sector. Again, if we see a market-driven spike lower, theres a good chance CAR will find itself back in the MM Growth Portfolio.
- We like the risk/reward towards CAR as it drifts back towards the $35-7 region; it’s on our Active Growth Portfolios Hitlist.