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Carsales.com (CAR)

$21.17
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What does Bull and Bear mean?

Market Matters View Point?

bear
Market Matters
bull
MM are selling CAR in the Flagship Growth Portfolio, taking profit around $22.00

OPINION

carsales.com (CAR) $21.17

After looking at REA I quickly cast my eye to our holding in CAR which clearly has some similarities although it trades on a significantly lower valuation.

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Carsales.com (CAR) $19.65

CAR  -0.71%: We met with the CEO & CFO of carsales today (via Zoom) to talk about the acquisition they made recently in  the US called Trader Interactive, they paid just above $800m for a 49% stake partially funded via an entitlement offer with an option to buy the rest.

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Carsales.com (CAR) $17.20

MM stepped up and followed our recent note by allocating 3% of our Growth portfolio into CAR ~$17.25, we like their move into the US online caravan, truck, equipment and motorbike space believing the capital raise is providing a deep value entry into the business, many fund managers appear to agree with the majority of the raise being placed at ~$18.

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carsales.com (CAR) $19.20 – Trading Halt

CAR has been in a trading halt after its acquisition of a 49% stake in US Trader Interactive for ~$800m as the business eyes attractive international verticals and scale, the company also has a call option to buy the balance of this business.

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Carsales (CAR) $21.75

Carsales (CAR) -1.58%: a solid result with reported revenue for the half of $199m, which was smack on expectations while there was a small beat in terms of EBITDA and net profit, largely around better cost management.

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ACTION

CAR
UPDATED 03/08/2021 11:30
MM are selling CAR in the Flagship Growth Portfolio, taking profit around $22.00
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CAR
UPDATED 22/07/2021 16:54
MM remains bullish CAR initially targeting $22
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CAR
UPDATED 22/06/2021 11:47
MM remains bullish CAR looking for 10% upside
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CAR
UPDATED 17/06/2021 09:08
MM remains positive CAR
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CAR
UPDATED 18/05/2021 11:37
MM will consider increasing our position into further weakness
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CAR
UPDATED 18/05/2021 10:28
MM likes CAR into reasonable weakness when it recommences trading
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CAR
UPDATED 17/05/2021 12:35
MM are buying CAR in the Flagship Growth Portfolio, allocating 3% around $17.25
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CAR
UPDATED 18/02/2021 09:26
MM are neutral CAR
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CAR
UPDATED 08/02/2021 11:03
MM likes CAR looking for another 10% upside
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Owner/ Operator of automotive and related industry websites

carsales.com Ltd owns and operates a portfolio of automotive and related industry websites, including an automotive classifieds website.

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Carsales.com (CAR)
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carsales.com (CAR)
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carsales.com Ltd (CAR)
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Carsales.com (CAR)
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Carsales.com (CAR)
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carsales.com (CAR)
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Carsales.com (CAR)
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Carsales (CAR)
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Carsales.com (CAR)
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