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

$28.10

01 Dec
2023

0.320

OPEN

$28.22

1.15%

HIGH

$28.48

1,132,662

LOW

$27.78

TARGET
$28.858 2.7% upside
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 181.3 83.1 xxx
DPS (cps) xxx 61.0 65.0 xxx
EPS Growth xxx 100.0% - 54.2% xxx
DPS Growth xxx 24.8% 6.6% xxx
PE Ratio xxx N/A 33.8 xxx
Dividend Yield xxx N/A 2.3% xxx
Div Pay Ratio(%) xxx 33.7% 78.3% xxx

Dividend yield today if purchased 3 years ago: 3.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.17

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: 15/09 - ex-div 32.5c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

30/10/2023

1

Overweight

$26.50

-5.69%

Morgan Stanley believes consensus expectations for FY24 have been de-risked following Carsales' positive AGM/trading update. Management is "very pleased" with the first four months of the financial year across the portfolio of assets.

All qualitative guidance is unchanged.

The broker believes consensus expectations for three-year EPS compound annual growth rate (CAGR) of circa 15% can be achieved, despite a near-term slowing for economies in Australia, the US, South Korea and Brazil.

Overweight rating. Target $26.50. Industry View: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 66.70 cents and EPS of 91.10 cents.
Morgan Stanley forecasts a full year FY25 EPS of 101.20 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

CAR STOCK CHART

FNArena News on CAR

1
In Brief: Home Loans, Coffee, Gas & Classifieds

Dec 01 2023 - Weekly Reports
2
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
3
Rudi’s View: Quality In Stocks; What Is It Good For?

Nov 22 2023 - Rudi's View
4
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
5
ESG Focus: Strong Reporting Season For Circularity, Nature, Biodiversity and AI

Oct 02 2023 - ESG Focus

Latest Automobiles & Components News

1
Luxury Cars Still Selling For Autosports

Nov 28 2023 - Small Caps
2
Carsales Cruising Here And Overseas

Aug 16 2023 - Australia
3
Focus On GUD Holdings

Jul 11 2023 - Technicals
4
Carsales Set To Break Out

Apr 18 2023 - Technicals
5
PWR Holdings Excited About Aerospace Potential

Feb 21 2023 - Small Caps
6
GUD Holdings’ Result A Confidence Booster

Feb 17 2023 - Small Caps
7
Carsales: Ready For More Growth

Feb 16 2023 - Australia
8
Large Transformation Potential For Bapcor

Nov 25 2022 - Australia
9
Start Your Engines

Aug 01 2022 - Australia
10
New Cars, Falling House Prices Dim GUD Outlook

Jun 21 2022 - Australia