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

$34.79

19 Jul
2024

0.440

OPEN

$33.99

1.28%

HIGH

$34.82

752,592

LOW

$33.91

TARGET
$37.783 8.6% upside
Franking for last dividend paid out: 50%
OTHER COMPANIES IN THE SAME SECTOR
AMA . AOV . APE . ARB . ASG . BAP . 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 181.3 91.6 xxx
DPS (cps) xxx 61.0 71.1 xxx
EPS Growth xxx 100.0% - 49.5% xxx
DPS Growth xxx 24.8% 16.6% xxx
PE Ratio xxx N/A 37.6 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 33.7% 77.6% xxx

Dividend yield today if purchased 3 years ago: 2.84%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.77

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

0.6

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

16/07/2024

3

Hold

$34.70

-0.26%

Morgans reviews its coverage and forecasts for Tech, Media, Telco and Gaming into the August reporting season.

The top picks are Next DC, TechnologyOne, Airtasker, Camplify Holdings, Superloop, and Light & Wonder.

Morgans is Neutral rated on the media sector and forecasts year-on-year revenue growth of 19%, EBITDA growth of 37% and EPS growth of 22%.

The broker tweaks EPS forecasts for CAR Group.

Hold rating unchanged and the target price is raised 5.8% to $34.70 with Morgans awaiting an "attractive" entry point into the stock.

FORECAST
Morgans forecasts a full year FY24 dividend of 72.50 cents and EPS of 92.00 cents.
Morgans forecasts a full year FY25 dividend of 79.00 cents and EPS of 99.10 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$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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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

16/02/2024

4

Underweight

$29.00

-16.64%

Another solid result from CAR Group for the 1H24 was not enough to deter Jarden from retaining an Underweight rating on valuation grounds.

Costs were higher than forecast but 18.4% revenue growth beat both consensus and the broker's estimates.

Looking ahead, Private has experienced a loss of share to Dealers, resulting in a small increase to Dealer revenue forecasts alongside a lift in media revenue.

Overseas, Jarden commends management for the execution on recent US and Brazilian acquisitions.

With a modest increase in EBITDA forecasts, the target price is raised to $29 from $27.50. Underweight rating.

FORECAST
Jarden forecasts a full year FY24 dividend of 74.50 cents and EPS of 91.20 cents.
Jarden forecasts a full year FY25 dividend of 83.20 cents and EPS of 110.00 cents.

CAR STOCK CHART