2 ASX dividend shares tipped to grow 50% (or more) in 2026

Analysts see potential for these shares to rise strongly from current levels.

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If you are looking for big returns and a decent dividend yield, then look no further than the ASX shares in this article.

That's because these shares are being tipped to increase over 50% from current levels by analysts. Here's what you need to know:

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CAR Group Limited (ASX: CAR)

Analysts at Bell Potter see significant value in this auto listings company's shares. In response to its half-year results, the broker has put a buy rating and $39.80 price target on its shares. Based on its current share price of $25.07, this implies potential upside of 59% for investors over the next 12 months.

As for income, the broker expects partially franked dividend yields of 3.3% in FY 2026 and then 3.6% in FY 2027. It said:

CAR's global network of auto and non-auto classifieds platforms has scaled the ability to generate cash flows supporting 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.

Jumbo Interactive Ltd (ASX: JIN)

Morgans thinks that this online lottery ticket seller could be an ASX dividend share to buy. Following the release of its preliminary results, the broker put a buy rating and $14.90 price target on its shares. Based on its current share price of $9.51, this suggests upside of 57% is possible for investors between now and this time next year.

It also expects fully franked dividend yields of 3% in FY 2026 and then 3.9% in FY 2027.

Commenting on the company, the broker said:

We have updated our estimates following JIN's preliminary release of headline numbers ahead of the 1H26 result. Group revenue increased 29% yoy to $85.3m, modestly below our expectations due to weaker Lottery Retailing TTV. Underlying group EBITDA of $37.5m rose 22% on the pcp and was in line with our forecasts. Overall, our topline and earnings assumptions remain broadly unchanged. Our FY26-27F NPAT and EPS forecasts increase by 4% and 2% respectively, driven primarily by lower amortisation of acquired intangibles.

At its AGM, JIN revised its dividend payout ratio to 30-50% of statutory Group NPAT to support balance sheet deleveraging following recent acquisitions. The interim dividend will be determined at the 1H26 result (MorgansF: 28cps). We view the 5% share price decline today as an opportunity to build a position in a company capable of delivering >15% EPS CAGR over the next three years. JIN is trading on an undemanding forward EV/EBITDA multiple of ~6x.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Jumbo Interactive. The Motley Fool Australia has recommended CAR Group Ltd and Jumbo Interactive. 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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