Anyone else looking to get in around the $13.50 mark on the basis of a medium to long term investment? I've had an eye on these guys for a while as I think they are reasonably priced considering the growth potential/growing fully franked dividends. While the SP is definitely not a bargain the multiples aren't unreasonable by any means and you would have to think that the business model is relatively transferable for the overseas companies (I know they aren't as developed but that probably just gives Carsales a longer "first mover" advantage before alternative forms of competition come along). The "core" Australian business should also just need constant "tweaking" and provide very high returns on capital in the years to come.
CAR Price at posting:
$14.17 Sentiment: Hold Disclosure: Not Held
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