What are analysts saying about Goodman and these ASX stocks?

Are these shares buys, holds, or sells? Let's find out.

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Key points

  • Carma, a used vehicles platform, is being eyed as a potential buy by analysts at Peak Asset Management, especially following its significant post-IPO price drop and the strategic appointment of former REA Group CEO Owen Wilson as chairman.
  • Goodman Group's prospects in data centres and AI-driven infrastructure are recognised by Medallion Financial Group, which sees it poised for long-term growth, though they currently advise holding the stock due to market conditions.
  • Steadfast Group faces structural pressures leading Peak Asset Management to suggest selling, as the insurance broker's premium growth forecast has been trimmed, reflecting challenges in maintaining earnings amidst a competitive landscape.

There are plenty of ASX stocks to choose from on the local bourse. So many, it can be hard to decide which ones to buy over others.

To narrow things down, let's see what analysts are saying about the stocks listed below, courtesy of The Bull. Here's what they are recommending:

Carma Ltd (ASX: CMA)

Analysts at Peak Asset Management think that this used vehicles platform provider's shares could be a buy after falling heavily since their IPO.

They also highlight the appointment of the highly experience Owen Wilson as chairman as a reason to be positive. Peak said:

The company's recent initial public offering generated much interest at $2.70 a share. But listing during the recent sharemarket rout has impacted CMA's share price. The shares were trading at $1.70 on November 27. CMA's online technology platform involves buying and selling used cars from a warehouse facility rather than traditional car yards. We believe CMA has the right management and board to disrupt the industry in Australia. We're particularly encouraged by the inclusion of the former REA Group chief executive Owen Wilson taking on the role as chairman.

Goodman Group (ASX: GMG)

The team at Medallion Financial Group believes that this industrial property giant is well-placed for growth thanks to its focus on data centres and artificial intelligence-driven infrastructure. However, it only rates Goodman as a hold right now. It explains:

Goodman Group continues to position itself as a global leader in industrial property, supported by high quality tenants, such as Amazon, Samsung, Telstra, Coles and Australia Post. Its portfolio remains robust, with strong occupancy amid long lease terms and a conservative balance sheet relative to peers. With most new development geared towards data centres and artificial intelligence-driven infrastructure, Goodman is well placed to benefit from long term structural growth. We view Goodman as a high quality, long term firm that we're happy to hold.

Steadfast Group Ltd (ASX: SDF)

Over at Peak Asset Management, its analysts have also given their verdict on this insurance broker network provider.

Unfortunately, due to intensifying structural pressure, Peak rates Steadfast as a sell. It explains:

Steadfast operates a large general insurance broker network. Steadfast has materially reduced fiscal year 2026 premium rate expectations, cutting Australian premium growth guidance from between 3 per cent and 5 per cent to between 1 per cent and 2 per cent. While underlying net profit after tax  guidance remains between $315 million and $325 million in fiscal year 2026, the company is increasingly reliant on acquisitions and cost-out initiatives to meet earnings targets. Structural pressures in insurance broking are intensifying. The shares have fallen from $6.63 on October 28 to trade at $5.225 on November 27.

Motley Fool contributor James Mickleboro has positions in Goodman Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group and Steadfast Group. The Motley Fool Australia has positions in and has recommended Steadfast Group. The Motley Fool Australia has recommended Goodman Group. 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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