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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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.
Read MoreCarsales 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.
Read MoreMarket 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.
Read MoreCAR – Morgans rates the stock as Hold
The price target falls to $22.15 from $23.72. Hold.
Read MoreCAR – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price decreases to $24.00 from $25.80.
Read MoreRaising 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.
Read MoreBourse 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.
Read MoreCAR – 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.
Read MoreProfit 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.
Read MoreCAR – Morgans rates the stock as Upgrade to Add
Morgans upgrades to Add from Hold and lifts the target price to $20.82 from $19.45.
Read MoreCAR – UBS rates the stock as Buy
At this stage the Buy rating and $24.50 target are retained while the analyst conducts further financial analysis.
Read MoreCarsales.com Raises $A600m to Fund Drive into US
Trading in carsales.com shares was halted Wednesday to allow it to start the raising of $A600 million to fund its move into the US market with a 49% stake in marketplace platform Trader Interactive.
Read MoreSurge In Carsales Leads May Not Be Sustained
Carsales.com has signalled a surge in enquiries regarding motor vehicle purchases since April, but many of the factors producing these leads could be short term in nature.
Read MoreCarsales Sees Improving Traffic As Consumers Dodge Public Transport
Car sales are still doing well for online car classifieds group Carsales which has seen an upturn in online interest in the past month or two.
Read MoreIs There More Upside For Carsales.com?
Carsales.com (ASX:CAR) released a trading update in mid-June. Here we assess the impact on the domestic business from ongoing declines in new vehicle sales.
Read MoreCAR – UBS rates the stock as Neutral
The company intends to exit its 50.1% interest in Stratton. UBS considers this a positive move as Stratton provided a minor financial contribution relative to the significant effort by management required to deal with the issues.
Read MoreCAR – Macquarie rates the stock as Outperform
First-half net profit was weaker than expected. Finance and display segments weighed on the overall result although Macquarie notes, elsewhere, operating trends were good.
Read MoreCarsales.com Doubles Down On South Korean Growth
Carsales.com says it book a massive book profit from a near quarter of a billion dollar deal to move deeper into the South Korean car sector.
Read MoreLending Arm Dents Carsales Earnings
Shares in online vehicle classifieds business carsales.com jumped nearly 3% as investors looked through the headline figures in what looked like a weak full year result and found some things to like.
Read MoreFinancing Slowdown Puts The Brakes On Carsales
Carsales.com’s (CAR) interim net profit for the December six months was hit by a sharp fall in revenue from vehicle financing. The online vehicle car classifieds company on Wednesday reported an 8% fall in net profit of $47.2 million for the six months to December 31, with its finance and related services unit posting a 22% revenue.
Read MoreCompanies: Nine Cashes In Its Carsales
Conflicting approaches to the online world yesterday from two major local media companies.
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