CAR GROUP LIMITED (CAR)
Share Price Analysis and Chart

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CAR - CAR GROUP LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 3.1
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS | ALL-TECH

Carsales operates a number of online marketplace websites specialising in classified advertising for vehicles, motorcycles and small boats. Carsales is the undisputed market leader in Australia. It operates similar online assets in countries in Asia and South America. Founded in 1997 it became a listed company in 2009.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$34.06

12 Apr
2024

0.010

OPEN

$34.05

0.03%

HIGH

$34.42

378,865

LOW

$34.05

TARGET
$34.017 -0.1% downside
Franking for last dividend paid out: 50%
OTHER COMPANIES IN THE SAME SECTOR
AMA . APE . ARB . ASG . BAP . GUD . IFM . MTO . MXI . PWH . PWR . RPM . SFC . SNL . SUL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
CAR: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 83.4 xxx
DPS (cps) xxx N/A 67.2 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 40.5 xxx
Dividend Yield xxx N/A 2.0% xxx
Div Pay Ratio(%) xxx N/A 80.5% xxx

Dividend yield today if purchased 3 years ago: 3.03%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.81

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 15/03 - ex-div 34.5c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx181.3
DPS All xxxxxxxxxxxxxxx61.0
Sales/Revenue xxxxxxxxxxxxxxx781.2 M
Book Value Per Share xxxxxxxxxxxxxxx814.6
Net Operating Cash Flow xxxxxxxxxxxxxxx254.4 M
Net Profit Margin xxxxxxxxxxxxxxx82.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx31.64 %
Return on Invested Capital xxxxxxxxxxxxxxx21.55 %
Return on Assets xxxxxxxxxxxxxxx19.73 %
Return on Equity xxxxxxxxxxxxxxx31.64 %
Return on Total Capital xxxxxxxxxxxxxxx9.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx59.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx37 M
Long Term Debt xxxxxxxxxxxxxxx1,205 M
Total Debt xxxxxxxxxxxxxxx1,243 M
Goodwill - Gross xxxxxxxxxxxxxxx3,154 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx199 M
Price To Book Value xxxxxxxxxxxxxxx2.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx87.0 M
Capex % of Sales xxxxxxxxxxxxxxx11.14 %
Cost of Goods Sold xxxxxxxxxxxxxxx230 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx258 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx25 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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UBS

13/02/2024

1

Buy

$38.50

13.04%

In the wake of CAR Group's result, UBS remains positive on the company's ability to grow earnings at a 16% compound annual growth rate over the next three years, driven by yields and volume. The broker raises its  FY24-26 average revenue growth forecast by 6%, and earnings by 3%.

CAR Group is expecting domestic inventories to shift from Private to Dealer, as new car supply and median time-to-sell have normalised back to pre-covid levels. UBS views this positively for Dealer revenues but likely net neutral for earnings.

The stock is trading on 21x two-year forward earnings, one standard deviation above the five-year average, but the broker views this as warranted given a structurally improved growth profile from the international businesses.

Target rises to $38.50 from $32.40, Buy retained.

FORECAST
UBS forecasts a full year FY24 EPS of 70.00 cents.
UBS forecasts a full year FY25 EPS of 87.00 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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CAR STOCK CHART