CAR Group Limited (ASX:CAR) Announces CEO Transition and FY25 Estimates
CEO Transition
CAR Group Limited (ASX: CAR) has announced that Cameron McIntyre will step down as Managing Director and CEO after 18 years with the company. William Elliott, the current Chief Financial Officer, has been appointed as the new Managing Director and CEO effective 15 August 2025. Cameron will support William during the transition period over the next month.
Executive Comments
CEO Cameron McIntyre stated, “As I prepare to transition out of the business, I do so with great pride and full confidence in the Group’s ability to continue its long-term growth trajectory. It has been an honour to contribute to a company so well-positioned for continued success.”
FY25 Financial Estimates
CAR Group has provided estimates for its FY25 results, projecting proforma revenue of AUD $1,142-$1,146 million, a 12% increase from FY24. Proforma EBITDA is expected to reach AUD $638-$642 million, reflecting an 11-12% growth. Adjusted NPAT is estimated at AUD $376-$380 million, up by 11-12%. Reported revenue and EBITDA are projected to grow by 7-8% and 9-10%, respectively.
Future Outlook
The company anticipates strong revenue and earnings growth in all key markets, underpinned by a diversified business portfolio. CAR Group is well-positioned for FY26 with market-leading brands, a commitment to investment, and multiple growth levers.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended CAR Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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