01/04/2025 09:27

CAR Group (CAR) $31.49

We have been fans of the digital marketplace CAR for years, as it has successfully expanded overseas. We took the opportunity to re-enter the stock when it was down last month. With Monday's drop feeling like an exhaustion move, we are contemplating increasing our position.

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12/03/2025 09:51

Active Growth Portfolio – Amendments

We are making several changes to the Active Growth Portfolio.

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12/03/2025 09:23

CAR Group Ltd (CAR) $34.74

CAR has corrected more than 20% since its late 2024 high, a slower pullback than many growth names of late but meaningful nonetheless.

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28/02/2025 09:49

CAR Group Ltd (CAR) $37.58

Continuing the car theme from APE, the math is simple: more turnover in the auto market equals increased revenue for CAR. Subscribers know we like CAR but exited the stock on valuation grounds in December; the subsequent weakness has partly addressed this issue, with the stock having already retreated over 15% from its high.

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21/02/2025 09:38

CAR Group Ltd (CAR) $37.03

We like CAR but exited the stock on valuation grounds in December; the current weakness is addressing this issue, with the stock already down ~13% from its late 2024 high.

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10/02/2025 17:23

Car Group (CAR) $38.36

CAR –6.51%: The stock was hit today on a slight miss at their 1H25 results and higher than expected capex guidance. While the result was solid and resilient given tough industry conditions in the US, the stock has had a good year, and today’s result and typical guidance for ‘good growth’ just couldn’t justify the share price.

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13/12/2024 09:07

CAR Group (CAR) $38.47

We exited CAR on valuation grounds, a dangerous pastime in 2024. Even after retreating 10%, it's trading well above its average multiple of the last five years, closer to 30.9x, making the risk/reward unattractive to MM around current levels.

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06/12/2024 09:38

Active Growth Portfolio – Amendments

We are making several changes to the Active Growth Portfolio today

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28/11/2024 09:54

CAR Group Ltd (CAR) $42.42

Earlier this month, we discussed taking profit on our CAR position on valuation grounds. The math is simple: we like the business, but it's become increasingly expensive as it roars through $40.

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12/11/2024 09:27

CAR Group (CAR) $39.92

We have been targeting the $40 area for CAR since we went long in April and we see no reason to change our stance. It’s a solid company, growing nicely, especially through international expansion, but it’s now trading well above its average P/E of the last 5 years. In simple terms, we believe there is a lot of good news already built into its share price around $40.

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