Carma Director Resigns as Digital Auto Retailer Launches Board Refresh

Carma Limited ( (AU:CMA) ) just unveiled an announcement.

Carma Limited announced the resignation of Non-Executive Director Melinda Snowden, who leaves the board for personal reasons after helping steer the fast-growing digital used-car platform through its 2025 ASX listing and recent period of strong financial performance. The board, which thanked Snowden for her service as Independent Director and Chair of the Audit and Risk Committee, has begun searching for a new independent director, with chairman Owen Wilson assuming the Audit and Risk Committee chair duties on an interim basis, underscoring the company’s emphasis on governance and board capability during its current growth phase.

Carma Limited is an Australian-based, fully digital platform focused on transforming how consumers buy and sell pre-owned cars. Headquartered in Sydney, the company offers an online marketplace with fixed pricing, integrated finance, extended coverage and a seven-day return policy, targeting a simpler, safer and more transparent alternative to traditional and private used-car sales.

The most recent analyst rating on (AU:CMA) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Carma Limited stock, see the AU:CMA Stock Forecast page.

More about Carma Limited

Carma Limited is an Australian-based, fully digital platform focused on transforming how consumers buy and sell pre-owned cars. Headquartered in Sydney, the company offers an online marketplace with fixed pricing, integrated finance, extended coverage and a seven-day return policy, targeting a simpler, safer and more transparent alternative to traditional and private used-car sales.

Average Trading Volume: 131,628

Technical Sentiment Signal: Strong Sell

See more data about CMA stock on TipRanks’ Stock Analysis page.