CAR Group announces CEO transition, estimate of FY25 results

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Stock CAR Group Ltd (CAR.ASX)
Release Time 17 Jul 2025, 8:29 a.m.
Price Sensitive Yes
 CAR Group announces CEO transition, estimate of FY25 results
Key Points
  • CAR Group CEO Cameron McIntyre stepping down after 18 years with the company
  • William Elliott, current CFO, appointed as new CEO effective 15 August 2025
  • CAR Group provides estimate of FY25 results, including 12% revenue growth and 11-12% EBITDA and NPAT growth
Full Summary

CAR Group Limited (ASX:CAR) today announced that Cameron McIntyre is stepping down as Managing Director and CEO of CAR Group after 18 years with the Group, including more than nine years as MD and CEO. The Board has appointed William Elliott, currently Chief Financial Officer of CAR Group, as its next Managing Director and CEO effective from 15 August 2025. Cameron will remain in the business for the next month to support William as he transitions into the role. Given the proximity to the end of the financial year, CAR Group also provided an estimate of its FY25 results. The estimated FY25 results reflect excellent revenue and earnings growth in all key markets, demonstrating the strength of CAR Group's diversified portfolio of businesses. Proforma revenue is expected to grow 12% to $1,142-$1,146 million, with proforma EBITDA and adjusted NPAT both growing 11-12%. Reported revenue is expected to grow 7-8% to $1,181-$1,185 million, with reported EBITDA and NPAT growing 9-10% and 9-11% respectively.CAR Group CEO Cameron McIntyre commented: 'CAR Group has had another great year. We have achieved excellent financial results in FY25 with double-digit growth across our key three financial metrics. This is a great outcome and reflects the strength of the business model, the execution of our strategy and resilience through macro-economic cycles.'

Guidance

CAR Group's estimated FY25 results include proforma revenue of $1,142-$1,146 million (12% growth), proforma EBITDA of $638-$642 million (11-12% growth), and adjusted NPAT of $376-$380 million (11-12% growth).

Outlook

CAR Group enters the new financial year with good momentum. With market-leading brands, a clear commitment to investment, and multiple growth levers across the business, the company is well positioned to deliver excellent results in FY26. A detailed FY26 outlook statement will be provided with the full FY25 results release on 11 August 2025.