CARSALES.COM LIMITED (CAR)
Share Price Analysis and Chart

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CAR - CARSALES.COM LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Software & Services
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

$23.06

05 Dec
2022

-0.180

OPEN

$23.25

-0.77%

HIGH

$23.27

1,057,312

LOW

$22.91

TARGET
$23.833 3.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
CBR . AHG . APE . ARB . BAP . CT . ICQ . SUL . IFM . PWH . AMA . MTO . MXI . SFC . ASG . ATL . VMT . GUD . SNL . PWR .
FNARENA'S MARKET CONSENSUS FORECASTS
CAR: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 56.9 76.4 xxx
DPS (cps) xxx 49.3 56.7 xxx
EPS Growth xxx 11.3% 34.2% xxx
DPS Growth xxx 7.7% 15.0% xxx
PE Ratio xxx N/A 29.8 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 86.6% 74.2% xxx

Dividend yield today if purchased 3 years ago: 2.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.16

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: 16/09 - ex-div 24.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx56.9
DPS All xxxxxxxxxxxxxxx49.3
Sales/Revenue xxxxxxxxxxxxxxx509.1 M
Book Value Per Share xxxxxxxxxxxxxxx357.6
Net Operating Cash Flow xxxxxxxxxxxxxxx193.9 M
Net Profit Margin xxxxxxxxxxxxxxx31.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx16.49 %
Return on Invested Capital xxxxxxxxxxxxxxx11.67 %
Return on Assets xxxxxxxxxxxxxxx10.63 %
Return on Equity xxxxxxxxxxxxxxx16.49 %
Return on Total Capital xxxxxxxxxxxxxxx16.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx60.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

07/09/2022

1

Upgrade to Outperform from Neutral

$24.40

5.81%

In the wake of the result season, Macquarie notes the macro backdrop remains challenging, and the automotive market is no exception.

The broker continues to highlight Carsales remains resilient in a softer automotive market as dealers would need to increase listings and depth takeup to increase turnover.

Macquarie's forecasts capture only limited success from new product offerings, but it sees them as a key source of potential earnings upside in the term.

With valuation undemanding, the broker upgrades to Outperform form Neutral. Target unchanged at $24.40.

FORECAST
Macquarie forecasts a full year FY23 dividend of 57.70 cents and EPS of 80.00 cents.
Macquarie forecasts a full year FY24 dividend of 68.90 cents and EPS of 94.80 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

CAR STOCK CHART

FNArena News on CAR

1
Rudi’s View: Regrets, 2022 Delivered A Few

Dec 01 2022 - Rudi's View
2
Next Week At A Glance – 21-25 Nov 2022

Nov 18 2022 - Weekly Reports
3
Weekly Ratings, Targets, Forecast Changes – 04-11-22

Nov 07 2022 - Weekly Reports
4
Rudi’s View: Technology’s Moment Of Truth

Nov 03 2022 - Rudi's View
5
Australian Broker Call *Extra* Edition – Oct 14, 2022

Oct 14 2022 - Daily Market Reports

Latest Automobiles & Components News

1
Large Transformation Potential For Bapcor

Nov 25 2022 - Australia
2
Start Your Engines

Aug 01 2022 - Australia
3
New Cars, Falling House Prices Dim GUD Outlook

Jun 21 2022 - Australia
4
Carsales: Holding On

Jun 21 2022 - Technicals
5
Eagers Automotive: Demand Trumps Supply Issues

May 19 2022 - Australia
6
Super Retail’s Hidden Upside

May 06 2022 - Australia
7
GUD Holdings Hitches Wagon To Electric Vehicles

Apr 14 2022 - Australia
8
Eagers Automotive’s Scale Advantage

Apr 01 2022 - Australia
9
Can ARB Stay The Course As Borders Reopen?

Mar 15 2022 - Australia
10
Is Super Retail Group Now Super Cheap?

Feb 23 2022 - Australia