JPMorgan Chase Acquires Significant Stake in Car Group Ltd

JPMorgan Chase & Co., one of the world's leading financial institutions, has acquired a significant stake in Car Group Ltd (ASX:CAR). The company and its affiliates have become substantial holders in Car Group, holding a total of 19,626,657 ordinary shares, which represents 5.18% of the company's voting power.

The acquisition was announced on August 31, 2026, with JPMorgan Chase & Co. reaching substantial holder status. The Form 603 initial substantial holder notice filed with the exchange confirms this development. Seven JPMorgan subsidiaries hold relevant interests in various roles, including securities lender, investment manager, and principal/proprietary trader.

The largest single relevant interest is held by JPMorgan Chase Bank, N.A., which holds 11,870,808 ordinary shares as agent lender under a securities lending agreement. Other entities, such as J.P. Morgan Securities LLC and J.P. Morgan Securities Australia Limited, also hold significant stakes in the company.