The Carlyle Group Inc

CG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$44.00	Vqxsf	Znysclsf

Carlyle Group Earnings: Mixed Bag of Results Ends New CEO Harvey Schwartz’s Honeymoon Period

Greggory Warren

May 2, 2024

There was little in narrow-moat-rated Carlyle Group's first-quarter results that would alter our long-term view of the firm. We expect to leave our $48 per share fair value estimate in place. We view the shares as modestly undervalued after they sold off sharply on first-quarter results and management commentary.

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