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Australia's CAR Group rises on agreement to buy stake in Brazilian used-car platform

By Reuters News

** Shares of CAR Group CAR.AX rise as much as 3.1% to A$24.755, posting their biggest intraday pct gain since October 21

** Automotive tech platform through its subsidiary agrees to acquire a 51% stake in Brazilian used-vehicle trading platform Auto Avaliar for R$543 million ($101.72 million)

** Deal remains subject to approvals from Brazil's antitrust regulator CADE and the Central Bank of Brazil

** YTD, stock down 20.6%, including the session's moves


($1 = 5.3383 reais)

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