Share prices on the ASX are always changing, always giving investors the ability to buy businesses that could be undervalued and deliver market-beating returns!
There are plenty of businesses out there that have been rated as a buy by an analyst. But there are not many that have received numerous buy ratings.
Let's look at two of the most heavily-backed ideas out there right now.
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CAR Group Ltd (ASX: CAR)
CAR Group describes itself as a global digital marketplace business for vehicles. It has a presence in Australia (Carsales), South Korea (Encar), the US (Trader Interactive), Chile (Chileautos) and Brazil (Webmotors).
According to the Commsec collation of analyst opinions, there are currently 13 buy ratings and three hold ratings on the business, with no sell ratings. It's one of the businesses with the most buy ratings right now on the ASX.
The ASX share recently reported its FY26 result, which included solid growth.
Reported revenue increased 6% to $1.25 billion, adjusted operating profit (EBITDA) grew 9% to $700 million and reported net profit after tax (NPAT) rose 14% to $314 million. The company's full-year dividend was hiked by 8% to 86 cents per share.
In Australia, revenue increased 7% and adjusted EBITDA grew 8%. In North America, revenue rose 12% and adjusted EBITDA increased 12%. Latin American revenue grew by 19%, and adjusted EBITDA rose by 23%. In Asia, revenue increased by 15%, and adjusted EBITDA increased by 14%.
Carsales has provided compelling, pleasing guidance for FY27. Revenue is expected to grow by between 11% to 14%, adjusted EBITDA could grow by 10% to 13% and adjusted net profit may rise by between 9% to 12%.
Goodman Group (ASX: GMG)
Goodman is one of Australia's real estate businesses, which owns industrial properties across a number of markets, including Australia, New Zealand, Asia, Europe, the UK and the Americas.
According to Commsec's collation of analyst opinions, there are currently 12 buy ratings and two hold ratings on Goodman shares.
Goodman reported that as at 31 March 2026, it had a total portfolio value of $87.1 billion and $14.5 billion of development work in progress (WIP).
The ASX share noted that it has an annualised production rate of $6 billion, with a yield on cost (YOC) of 8% on the current WIP. Goodman is increasingly investing its development dollars in data centres, which currently account for 73% of WIP.
It's expecting to grow operating earnings per security (EPS) in FY26 by 9%, which I'd describe as a solid improvement for a real estate business.
