CAR 0.87% $34.37 car group limited

Ann: FY21 Half Year Results Presentation, page-6

  1. 3,255 Posts.
    lightbulb Created with Sketch. 515
    IMHO the relatively strong sp relates to the Digital Car buying potential highlighted in todays GSachs report:

    Buy
    Carsales.Com(CAR.AX)1H21 result:
    Solid earnings outlook at a discount;
    Reiterate Buy (12m TP is +0.4% to A$22.70)
    17 February 2021 | 8:53PM AEDT

    Digital Car buying an increasing focus:
    CAR delivered a strong half with its Instant Offers (AU) and Dealer Direct (Korea) products, and flagged an increased focus on helping to facilitate digital car buying. Although requiring additional investment, we are very positive on this strategy given:
    (1) Online car buying remains at extremely low levels (c.3% in Korea), providing a significant runway for growth;
    (2) CAR is the clear #1 marketplace in AU/Korea, providing optionality to evolve;
    (3) Although in response to consumer demand, CAR is working in partnership (at least initially) with its dealers, mitigating the risk of disenchanting its network.
 
watchlist Created with Sketch. Add CAR (ASX) to my watchlist
(20min delay)
Last
$34.37
Change
-0.300(0.87%)
Mkt cap ! $12.96B
Open High Low Value Volume
$34.62 $34.80 $34.24 $18.03M 523.9K

Buyers (Bids)

No. Vol. Price($)
1 277 $34.31
 

Sellers (Offers)

Price($) Vol. No.
$34.38 3378 2
View Market Depth
Last trade - 16.10pm 02/07/2024 (20 minute delay) ?
CAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.