Carsales is an internet content & information business based in Australia. Carsales shares (CAR) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Carsales has a trailing 12-month revenue of around $980.4 million. If you're looking to buy shares, check out the steps below.
To buy shares listed in Australia such as Carsales, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.
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| 52-week range | $22.3237 - $37 |
|---|---|
| 50-day moving average | $35.1144 |
| 200-day moving average | $30.2878 |
| Target price | $35.04 |
| PE ratio | 35.5532 |
| Dividend yield | $0.67 (2.06%) |
| Earnings per share (TTM) | $0.94 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the last close of A$33.25
| 1 week (2024-04-12) | -2.38% |
|---|---|
| 1 month (2024-03-20) | -5.75% |
| 3 months (2024-01-19) | 4.23% |
| 6 months (2023-10-20) | 16.87% |
| 1 year (2023-04-20) | 44.69% |
|---|---|
| 2 years (2022-04-20) | 62.43% |
| 3 years (2021-04-20) | 62.51% |
| 5 years (2019-04-18) | 155.57% |
Valuing Carsales stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Carsales's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Carsales's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 36x. In other words, Carsales shares trade at around 36x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Carsales's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $460.1 million (£0.0 million).
The EBITDA is a measure of a Carsales's overall financial performance and is widely used to measure stock profitability.
| Revenue TTM | $980.4 million |
|---|---|
| Operating margin TTM | 36.68% |
| Gross profit TTM | $424.2 million |
| Return on assets TTM | 5.34% |
| Return on equity TTM | 13.11% |
| Profit margin | 35.31% |
| Book value | 7.882 |
| Market capitalisation | $12.6 billion |
TTM: trailing 12 months
Dividend payout ratio: 65% of net profits
Recently Carsales has paid out, on average, around 65% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.06% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Carsales shareholders could enjoy a 2.06% return on their shares, in the form of dividend payments. In Carsales's case, that would currently equate to about A$0.67 per share.
Carsales's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 14 March 2024 (the "ex-dividend date").
Over the last 12 months, Carsales's shares have ranged in value from as little as $22.3237 up to $37. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Carsales's is 0.796. This would suggest that Carsales's shares are less volatile than average (for this exchange).
CAR Group Limited operates online automotive, motorcycle, and marine classifieds business in Australia, Brazil, South Korea, Malaysia, Indonesia, Thailand, Chile, China, the United States, and Mexico. The company operates through Online Advertising Services; Data, Research and Services; Carsales Investments; North America; Latin America; and Asia segments. The Online Advertising Services segment offers classified advertising that allows private and dealer customers to advertise automotive and non-automotive goods and services for sale across the carsales network; products, including subscriptions, lead fees, listing fees, and priority placement services; and display advertising services, such as placing advertisements on carsales network websites for corporate customers comprising automotive manufacturers and finance companies. The Data, Research and Services segment offers software as a service, research and reporting, valuation, appraisals, and website development and hosting services, as well as photography services. The Carsales Investments segment holds investment in consumer and wholesale tyre markets, as well as provides mobility and vehicle inspection services. The North America segment operates digital non-automotive marketplaces. The Latin America segment digital automotive marketplaces. The Asia segment is involved in digital automotive classified business, as well as provides automotive data and advertising services. The company was formerly known as carsales.com Ltd and changed its name to CAR Group Limited in November 2023. CAR Group Limited was incorporated in 1996 and is headquartered in Melbourne, Australia.
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