Bell Potter has been running the rule over a number of results this week.
Three ASX shares that have fared well and been given buy ratings by the broker are named below.
Here's what it is recommending to clients:
Bell Potter was pleased with this auto listings company's FY 2026 results. It highlights that "CAR reported a solid FY26 result in-line with BPe and consensus."
In light of this, the broker has retained its buy rating on CAR Group shares with a $34.60 price target. Commenting on its recommendation, Bell Potter said:
CAR's result and outlook reinforces our thesis of a preferred risk-adjusted earnings profile due to a geographically diversified network of auto and non-auto classifieds platforms, which generate cash flows to support growth investment and shareholder returns simultaneously. CAR is proactively implementing AI solutions across its platforms and geographies on top of a technical eco-system integrated into Dealer management workflows, network effect and unique data sets. Retain Buy.
This mining technology company delivered a result a touch short of expectations in FY 2026. The broker highlights that "underlying EBITDA of $27.2m (BPe $28.9m; VA $28.5m), up 69% YoY."
Despite this, Bell Potter has retained its buy rating with an improved price target of $8.70 (from $7.80). It commented:
C79's three-year installation target restores some confidence in management's ability to elevate unit deployment cadence, a key tenet of our Buy thesis. Progressing this target over time should support a valuation re-rate, in our view.
This location technology company's shares were sold off yesterday following the release of its quarterly update. Bell Potter notes that "key metrics of average revenue per paying circle (ARPPC) and annualised monthly revenue (AMR) were both modestly below our forecasts."
Nevertheless, it remains very positive on Life360 shares and has retained its buy rating with a slightly trimmed price target of $34.00 (from $35.00). It said:
There is negligible change (i.e. <1%) in our revenue and adjusted EBITDA forecasts in 2026, 2027 and 2028. We continue to be around the middle of both the revenue and adjusted EBITDA guidance ranges in 2026. […] We retain our BUY recommendation and note we expect the buyback to be more active this quarter after only modestly commencing last quarter.
The post Bell Potter names 3 ASX shares to buy after results appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Chrysos and Life360. The Motley Fool Australia has positions in and has recommended Chrysos and Life360. 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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