Car Group Ltd
CAR Group Limited is an Australia-based global digital marketplace business in the world.
The business
CAR Group Limited is an Australia-based global digital marketplace business in the world. The Company delivers technology and advertising solutions designed to make buying and selling an experience, with digital marketplace businesses in Australia (carsales), South Korea (Encar), North America (Trader Interactive), Brazil (webmotors) and Chile (chileautos). The Company’s segments include Australia-Online Advertising Services; Australia-Data, Research and Services; Investments, North America, Latin America, and Asia. The Australia-Online Advertising segment includes online automotive classifieds, display advertising services and finance commission. The Australia-Data, Research and Services segment includes automotive data services, including software, analysis, research and reporting, valuation services, Website development, hosting and photography services. The Investments segment consists of online retail and wholesale tire sales and inspection services.
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Performance
Latest news
Carsales.com delivers double-digit revenue and earnings growth in all key markets
Melbourne-based Carsales.com (ASX: CAR) has delivered strong results with double-digit revenue and earnings growth in all key markets for the full year ended 30 June. The company’s achievements included two transformational acquisitions in the US and Latin America, delivering new products and features and generating strong outcomes for shareholders. Proforma revenue of $942 million was […]
Brambles scraps Costco deal, Liontown inks deal with Ford and Commonwealth Bank hikes fixed mortgage rates
Brambles (ASX: BXB) has announced it has scrapped its investment and will not participate in the transition to plastic pallets in Costco’s United States supply chain. The Australian pooling solutions company developed an industry-leading plastic pallet which complied with US fire regulations and, together with Costco, came up with a more efficient operating model which […]
Foreign business and strong local markets steer Carsales.com to record half-year results
International markets and a resilient domestic business have driven a record half-year result for Melbourne-based Carsales.com (ASX: CAR). While the new car market in Australia remained subdued, good levels of demand in the used car sector steered continued growth for the company for the period ending December 2019. Solid traffic growth on website carsales.com.au throughout […]
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