CAR Group Projects Up to 12% Revenue Growth as CEO Steps Down

Leadership Transition at CAR Group

CAR Group Limited has announced a significant leadership change as Cameron McIntyre steps down as Managing Director and CEO after nearly two decades with the company, including over nine years at the helm. His successor, William Elliott, currently the Group’s Chief Financial Officer, will assume the CEO role from 15 August 2025. This transition marks only the third CEO appointment in CAR Group’s 25-year history, underscoring the company’s commitment to stable leadership.

Chair Pat O’Sullivan paid tribute to McIntyre’s transformative tenure, highlighting his role in growing the company fivefold, elevating it to an ASX Top 50 company, and expanding its global footprint to where 60% of operations are now offshore. McIntyre’s leadership is credited with building a high-performing executive team and steering the company through critical growth phases, including its IPO.

William Elliott, A Continuity Candidate with Deep Roots

William Elliott brings over 15 years of executive experience, including a decade at CAR Group, where he has served as CFO for more than five years and led multiple commercial business units. His appointment reflects a strategic choice to maintain continuity and leverage his deep financial and operational expertise. Elliott’s remuneration package includes a fixed annual salary of $1.6 million, with potential short- and long-term incentives that align with company performance, pending shareholder approval.

Stephen Wong, the Chief Strategy Officer, will act as interim CFO while the company conducts a search for a permanent replacement, ensuring leadership stability during this period of transition.

Robust FY25 Financial Outlook

Alongside the leadership announcement, CAR Group provided an estimate of its FY25 financial results, projecting strong growth across key metrics. Proforma revenue is expected to rise by approximately 12% to between AUD 1.142 billion and AUD 1.146 billion, with EBITDA increasing by 11-12% and adjusted net profit after tax (NPAT) growing 11-12%. Reported figures, which include all business units, show revenue growth of 7-8%, EBITDA up 9-10%, and NPAT rising 9-11% compared to FY24.

These estimates, while unaudited and subject to final confirmation in the August results release, reflect the strength of CAR Group’s diversified portfolio and its resilience amid macroeconomic challenges. CEO McIntyre expressed pride in the company’s achievements and confidence in its future trajectory under Elliott’s leadership.

Looking Ahead

With a clear strategy and multiple growth levers, CAR Group enters FY26 with momentum. The Board’s emphasis on succession planning and leadership development suggests a deliberate approach to sustaining growth and innovation. Investors will be watching closely how Elliott’s leadership style and strategic priorities shape the company’s next chapter.