CAR Group defies market trends
Carsales owner CAR Group (ASX:CAR) seems to have avoided the tremors hitting car sales in some markets like Australia and the US in recent months.
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Carsales.com Limited
carsales was established in 1997 and quickly grew to become Australia’s number one online destination for buying and selling cars. We seek to empower our customers, making buying and selling vehicles easy and convenient for everyone – consumers, dealers and manufacturers alike.
In Australia we provide a range of classified advertising services across our network of sites to dealers, consumers and corporate customers. Our offering is enhanced by our other value-added services such as software services, specification data, vehicle news and reviews, stocking and pricing tools for dealers, data and insights for all of our customers, finance, inspections, warranty and tyre products.
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News
CAR Group boosts interim dividend by 21%
CAR Group (ASX:CAR) has lifted its interim dividend by 21% to a 50% franked 34.5 cents a share after reporting a solid outcome of its expansion into the US and Brazil car sales markets. The company revealed in its interim report that it enjoyed double-digit revenue and earnings growth in all key markets.
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Carsales Lathers Up for Brazilian Foray
Carsales.com is looking for half a billion dollars in a new capital raising to finance its decision to take a controlling stake in Brazil’s biggest online car sales marketplace.
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Market Murmurs: CAR, ALQ
We round out what has - to say the least - been a forgettable 2021-22 financial year with some updates from auto trader Carsales.com and Brisbane-based testing group ALS Ltd.
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CAR – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price decreases to $24.00 from $25.80.
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Raising to Fuel Carsales’ Overseas Drive
Australia has proven to be too small a market for Carsales.com, which is looking to raise $1.2 billion from shareholders to fully acquire US listings business Trader Interactive.
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Bourse Discourse: BPT, BLD, AZJ, CAR
A busy old Monday session on the ASX with a bunch of news out from various companies and sectors. Here's the latest from Beach Energy, Boral, Aurizon and Carsales.com.
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CAR – Credit Suisse rates the stock as Neutral
Following a short period of restriction, Credit Suisse resumes coverage with a Neutral rating and $25.80 target.
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Profit Briefs: BEN, SWM, CAR, LLC
With peak reporting season upon us, here are snippets from the results announced yesterday by Bendigo and Adelaide Bank, Seven West Media, Carsales.com, and Lendlease.
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