Carsales stock gets Citi Buy call with AUD 33.30 target

Published on 10/08/2026 at 04:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi maintained a Buy rating on October 6, 2026, while CAR Group reported 12 percent fiscal 2026 revenue growth. Its 56 percent EBITDA margin supports the outlook.

Carsales, AU000000CAR3, Illustration mit AI erstellt.

Carsales stock (ISIN AU000000CAR3) drew a Buy rating from Citi with an AUD 33.30 price target on October 6, 2026. According to Business Insider, the bank maintained its rating on CAR Group.

Citi keeps its Buy stance

The target of AUD 33.30 stands 48.8 percent above the ASX price of AUD 22.37 on October 7, 2026. That gap gives the analyst call more weight for valuation discussions, although the target remains a third-party estimate rather than a company forecast.

A separate consensus from Investing.com carried a Buy rating based on 15 analysts. The average 12-month target was AUD 33.32, while the published high and low targets were AUD 35.50 and AUD 29.50.

FY2026 growth sets the base

In the FY2026 results call, Yahoo Finance reported that CAR Group delivered 12 percent growth in pro forma revenue and EBITDA on a constant-currency basis. Adjusted net profit after tax increased 11 percent in fiscal year 2026.

The same FY2026 call recorded a 56 percent EBITDA margin and 100 percent EBITDA operating cash conversion. Australia revenue increased 7 percent, while North America revenue and EBITDA each rose 12 percent in constant currency.

For FY2027, CAR Group guided to constant-currency revenue growth of 11 percent to 14 percent, adjusted EBITDA growth of 10 percent to 13 percent, and adjusted net profit after tax growth of 9 percent to 12 percent, as reported by Yahoo Finance.

AGM date adds a checkpoint

CAR Group's investor calendar lists its annual general meeting for October 30, 2026, at 11:00 a.m. AEDT, according to the CAR Group investor page. The meeting provides the next scheduled company date after the FY2026 results and the new-year guidance.

Carsales stock trades at AUD 22.37

Carsales stock was trading at AUD 22.37 on the ASX on October 7, 2026, up AUD 0.22 or 0.99 percent from the prior session. The combination of a positive daily move, double-digit FY2027 guidance and an AUD 33.32 consensus target frames the stock's valuation debate without turning analyst estimates into company commitments.