Are you on the hunt for some growing ASX dividend shares to buy this week?

If you are, it could pay to hear what Bell Potter is saying about the two listed below.

Here’s why it is bullish on them:

CAR Group Limited (ASX: CAR)

Bell Potter is bullish on auto listings company CAR Group and sees it as an ASX dividend share to buy.

It believes the company has the potential to grow its earnings in the double-digits thanks to its strong pricing power and operating leverage. It said:

CAR delivered another strong result, with FY26 revenue increasing 10% to $1.25bn and EBITDA rising 9% to $699m despite a softer macro backdrop. We see a sustainable pathway to double-digit EPS growth over the medium term, supported by pricing power, international scale and operating leverage. Given its low PE and strong cashflow generation, the dividend is attractive at around 3% today and growing at 10% CAGR.

The broker expects this to underpin partially franked dividends of 94.5 cents per share in FY 2027 and 106 cents per share in FY 2028. Based on its current share price of $23.12, this would mean dividend yields of 4.1% and 4.6%, respectively.

Bell Potter has a buy rating and $34.60 price target on its shares.

Lovisa Holdings Ltd (ASX: LOV)

Bell Potter also thinks Lovisa could be an ASX dividend share to buy now.

Although it remains cautious on consumer spending, it thinks the fashion jewellery retailer is better positioned than most to overcome this. It said:

While we remain cautious on the current weak consumer landscape and investments into market share & store refits to mitigate competitive pressures in key markets, we see a higher tolerance re accessibility from a low price point perspective together with a strong gross margin. LOV stands out in our coverage as a global retailer scaling its presence from ~50 regions with strong US/UK performance with better efficiencies within the US store network.

Post the market sell-off, we think the current valuation at ~22x FY27e P/E (BPe) which is a ~20% discount to LOV’s recent mid-cycle P/E as BPe of 28.5x appears attractive, and we upgrade our recommendation to BUY.

As for income, Bell Potter is forecasting partially franked dividends per share of 98.4 cents in FY 2027 and 115.2 cents in FY 2028. Based on its current share price of $24.52, this equates to dividend yields of 4% and 4.7%, respectively. 

Bell Potter has a buy rating and $27.00 price target on its shares.

The post Top broker names 2 growing ASX dividend shares to buy now appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended CAR Group Ltd and Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Anyone who bought Codan Ltd (ASX: CDA) shares near their 52-week low of $25.18 would now be sitting on a gain of more than 100%.

And Wednesday gave shareholders another reason to be pleased, with the tech company’s shares climbing to a new all-time high of $53.16.

That surpassed the previous record of $51.76 set earlier in the week, with Codan finishing the session up 3.37% at $53.10.

The stock has now gained approximately 77% over the past year, with its recent rally pushing it further into record territory.

So, can Codan shares continue climbing from here?

What’s driving Codan shares higher?

Codan’s latest financial results provide some insight into why investors have been willing to pay more for the stock.

In its FY26 results, the company reported revenue of $875 million, up 30% on the previous year.

Net profit after tax (NPAT) jumped 69% to $175.2 million, while EBIT increased 67% to $244.1 million.

Its communications division delivered revenue of $506.2 million, up 22%, with segment profit climbing 45% to $156 million.

Demand for unmanned radio systems has been particularly strong, with revenue from this market more than doubling to approximately $215 million.

Meanwhile, Codan’s Minelab business benefited from higher gold detector demand and successful product launches.

Revenue increased 42% to $362 million, while segment profit jumped 65% to $162.4 million.

More growth to come?

The good news for shareholders is that Codan expects another strong year, with both divisions positioned to deliver further growth.

Its communications business is targeting revenue growth of approximately 20% in FY27, supported by continued demand for unmanned radio systems.

Management also expects the first half to be significantly stronger than the same period last year, giving the division a positive start to FY27.

Minelab should benefit from a full year of sales from its recently launched GPZ8000 and Gold Monster 2000 detectors.

Early FY27 trading has been positive, with Africa and other markets tracking broadly in line with the second half of FY26.

One thing worth watching, however, is the electronics supply chain, where emerging constraints could affect Codan’s ability to meet customer demand.

Is Codan getting too expensive?

While Codan’s growth has been impressive, I think valuation is becoming an important consideration after such a substantial rally.

At around $53 per share, the stock is trading on approximately 55 times its FY26 earnings per share of 96.5 cents.

That’s a lot to pay for last year’s earnings, despite how well the business has been performing.

And if the next update falls short of expectations, I wouldn’t be surprised to see some of those recent gains disappear.

I still like Codan’s exposure to defence communications and gold detection, but I’d be reluctant to chase the shares at current levels.

The post This ASX 200 share hit an all-time high yesterday. Is the sky the limit? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was on form and edged higher. The benchmark index rose 0.1% to 8,765.3 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to sink

It looks set to be a tough session for Australian investors on Thursday following a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 104 points or 1.2% lower this morning. In the United States, the Dow Jones fell 0.7%, the S&P 500 dropped 0.75%, and the Nasdaq was 1.1% lower.

ASX 200 shares paying dividends

A number of ASX 200 shares are rewarding their shareholders with dividends on Thursday. This includes PLS Group Ltd (ASX: PLS), Telstra Group Ltd (ASX: TLS), ResMed Inc. (ASX: RMD), Ramsay Health Care Ltd (ASX: RHC), and Rio Tinto Ltd (ASX: RIO). The latter is paying a fully franked $2.96 per share interim dividend later today.

Oil prices rise

ASX 200 energy shares Woodside Energy Group Ltd (ASX: WDS) and Santos Ltd (ASX: STO) could have a good session after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 2.4% to US$92.70 a barrel and the Brent crude oil price is up 4.1% to US$103.35 a barrel. Doubts over a US-Iran peace deal were behind the rise.

Buy Nufarm shares

Nufarm Ltd (ASX: NUF) shares could be a good option for investors according to Bell Potter. This morning, the broker has retained its buy rating on the agricultural chemicals company’s shares with an improved price target of $3.90 (from $3.75). It said: “Our Buy rating is unchanged. In FY26e NUF has delivered a result that was consistent with our expectations, while incurring costs related to plant outages that were not expected. The underlying performance looks to be stronger than what is implied at the headline, with material YoY growth in Seeds and the basis of the next leg of cost outs now articulated.”

Gold price falls

It could be a poor day for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) on Thursday after the gold price fell overnight. According to CNBC, the gold futures price is down 1.2% to US$4,323.9 an ounce. A rebound in oil prices appears to have led to increased US rate hike bets.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Woodside Energy Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.