CAR News: CAR Group Limited (ASX:CAR) On An Uptrend: Could Fundamentals Be Driving The Stock? - 10th Oct 2024, 7:18am

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CAR Group's (ASX:CAR) stock up by 9.4% over the past three months. As most would know, long-term fundamentals have a strong correlation with market price movements, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to CAR Group's ROE today.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively the...

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