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

$25.97

23 Sep
2021

0.210

OPEN

$26.06

0.82%

HIGH

$26.31

663,775

LOW

$25.93

TARGET
$24.322 -6.3% downside
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 .
FNARENA'S MARKET CONSENSUS FORECASTS
CAR: 1
Title FY20
Actual		 FY21
Actual		 FY22
Forecast		 FY23
Forecast
EPS (cps) xxx 52.6 68.2 xxx
DPS (cps) xxx 47.1 54.7 xxx
EPS Growth xxx 13.1% 29.6% xxx
DPS Growth xxx 1.8% 16.1% xxx
PE Ratio xxx N/A 37.2 xxx
Dividend Yield xxx N/A 2.2% xxx
Div Pay Ratio(%) xxx 89.5% 80.1% xxx

Dividend yield today if purchased 3 years ago: 3.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.85

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: 17/09 - 22.5c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx52.6
DPS All xxxxxxxxxxxxxxx47.1
Sales/Revenue xxxxxxxxxxxxxxx427.2 M
Book Value Per Share xxxxxxxxxxxxxxx332.9
Net Operating Cash Flow xxxxxxxxxxxxxxx189.8 M
Net Profit Margin xxxxxxxxxxxxxxx30.60 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx12.09 %
Return on Equity xxxxxxxxxxxxxxx21.16 %
Return on Total Capital xxxxxxxxxxxxxxx20.03 %
Capex xxxxxxxxxxxxxxx33.3 M
Capex % of Sales xxxxxxxxxxxxxxx7.80 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx73.6 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

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

Credit Suisse

xx/xx/xxxx

3

xxxxxx xxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

17/08/2021

3

Neutral

$25.60

-1.42%

The FY21 result was slightly above Macquarie's expectations though broadly in-line with guidance. The broker highlights the opportunity could be material as Carsales Select changes the revenue model into the medium term.

This results in dealerships reducing their commission costs, which are replaced by Carsales' transaction costs, explains the analyst. Longer term, the group is looking to shift from a leads-based model to a transaction-based model.

Management believes the outlook is generally solid, excluding lockdown-impacted states. Macquarie lifts EPS forecasts to reflect better-than-expected Trader Interactive performance.

The broker lifts its target price to $25.60 from $20.80, reflecting cash flow upgrades and a terminal growth rate increase to 3.5% from 2.5%, to capture potential dealer upside.

FORECAST
Macquarie forecasts a full year FY22 dividend of 46.50 cents and EPS of 63.80 cents.
Macquarie forecasts a full year FY23 dividend of 54.90 cents and EPS of 74.00 cents.

UBS

xx/xx/xxxx

1

xxx

$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: Appreciating The Mighty All-Weathers

Sep 16 2021 - Rudi's View
2
Australian Broker Call *Extra* Edition – Sep 09, 2021

Sep 09 2021 - Daily Market Reports
3
Rudi’s View: Investment Themes For The Year Ahead

Sep 09 2021 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 20-08-21

Aug 23 2021 - Weekly Reports
5
FNArena Corporate Results Monitor – 17-08-2021

Aug 17 2021 - Australia

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