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How to buy Carsales (CAR) shares in Australia

Learn how to easily invest in Carsales shares.

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.

How to buy shares in Carsales

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.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for Carsales.
    Find the share by name or ticker symbol: CAR. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until Carsales reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of Carsales. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Carsales stock price (ASX:CAR)

Use our graph to track the performance of CAR stocks over time.

Carsales shares at a glance

Information last updated 2024-06-13.
52-week range$22.4902 - $37
50-day moving average $34.574
200-day moving average $32.0398
Target price$35.3
PE ratio 38.4574
Dividend yield $0.67 (1.91%)
Earnings per share (TTM) $0.94

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy Carsales stock?

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.

Carsales price performance over time

Historical closes compared with the last close of A$36.15

1 week (2024-06-06) 0.56%
1 month (2024-05-16) 0.14%
3 months (2024-03-15) 4.36%
6 months (2023-12-15) 18.76%
1 year (2023-06-16) 47.55%
2 years (2022-06-16) 96.15%
3 years (2021-06-16) 83.97%
5 years (2019-06-14) 169.57%

Is Carsales under- or over-valued?

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 P/E ratio

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 38x. In other words, Carsales shares trade at around 38x 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

Carsales's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $460.1 million (£240 million).

The EBITDA is a measure of a Carsales's overall financial performance and is widely used to measure stock profitability.

Carsales financials

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 $13.6 billion

TTM: trailing 12 months

Carsales share dividends

65%

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 1.91% 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 1.91% 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").

Carsales share price volatility

Over the last 12 months, Carsales's shares have ranged in value from as little as $22.4902 up to $37. A popular way to gauge a stock's volatility is its "beta".

CAR.AU volatility(beta: 0.82)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Carsales's is 0.819. This would suggest that Carsales's shares are less volatile than average (for this exchange).

Carsales overview

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.

Carsales in the news

There are no recent company news

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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