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CAR, CARSALES.COM LIMITED
blacksheep
post Posted: Mar 7 2019, 11:17 AM
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Posts: 5,699
Thanks: 2126


In Reply To: blacksheep's post @ Jul 25 2017, 12:43 PM

Interesting comments from Rudi Filapek (below) Mind you Forager was/is a big holder of FIG who ran into financial difficulty and remain suspended - not exactly a good pick

QUOTE
Just heard @ForagerSteve has joined the Carsales $CAR club of shareholders. Welcome, Steve! @FNArena has been inside the club for years, with no intention of leaving wink.gif Tip for investors: a PE of 25x can still look "cheap"


The auto industry - mostly new cars sales - is struggling
https://www.abc.net.au/news/2019-03-06/car-...ection=business
https://www.shortman.com.au/stock?q=car
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 25 2017, 12:43 PM
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Posts: 5,699
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Up 3% this morning

Carsales' price increase tipped to turbocharge profit

Lucy Battersby
JULY 25 2017 - 11:32AM

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Citi's analysts have given the stock a "buy" rating based on the changes, with a target price of $13.75 - higher than the record $13.58 reached last August.

They also increased their earnings per share guidance by between 1 and 3 per cent for 2018-19 to reflect the private ad prices.

They now forecast earnings per share of 62.4 cents, up from 60.8 cents. Carsales' shares were trading at $12.39 on Tuesday morning, the day after Citi note was sent to clients.

"Carsales' shifts to differential pricing for private sales will boost 2017-18 revenue in that segment by 10 per cent, on our estimate," the analysts wrote.

"Carsales main competitor, Gumtree, holds a strong market position for low-value cars but doesn't carry many ads for cars with an asking price over 20 per cent.

"Across the two sites, Carsales' market share of total cars advertised is 40 per cent for cars valued under $15,000, 67 per cent for $15,000 to $30,000 and 82 per cent for cars over $30,000."

Citi's analysts note that of the three major online classified sites - Carsales, Seek, and Realestate.com.au - Carsales has had the softest price growth historically, which gave it a lower compound annual growth rate than the other two.


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 



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