We are buying back into Car Group (CAR) in the Growth Portfolio inline with recent comments on the stock here. We expect annual earnings growth of ~13% , with CAR now trading at an attractive valuation for that level of growth. Software/platform stocks have recovered in the US, and we expect the same trend locally, aided by the expectation that cash rates have peaked.
MM is buying CAR in the Active Growth Portfolio, allocating 4% around $25
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