Nvidia's Earnings: Why the Dip Is a Golden Opportunity in Disguise
Mark's Value3 Insider #6
CAR Group: A Digital Classifieds Powerhouse
In my last edition, I reflected on the challenges of finding high-quality businesses on the ASX at attractive prices. The past couple of weeks have not made this task any easier, with the ASX 200 index up 11% since my last newsletter.
A Digital Classifieds Powerhouse
A company that is well renowned as being high quality is CAR Group. The company was founded by Gregory Paul Roebuck and Walter J. Pisciotta in 1996 and is headquartered in Melbourne. It was formerly known as carsales.com Ltd and changed its name to CAR Group Limited in November 2023.
Global Reach
Operations in 4 continents
FY24 Stats
18B views, 2.6M cars sold
CAR Group is one the three classified businesses listed on the ASX, along with Seek and REA Group. It provides car buying and selling services, with the average listing costing around $80 in Australia. If you’ve bought a used car (or motorcycle!) lately, chances are you bought it on carsales.com.
CAR Group is one of the few Australian businesses that has successfully expanded internationally, joining the likes of CSL and Pro Medicus. The company also operates in North America, Latin America and Asia. In FY24, its platforms were viewed 18 billion times, with 2.6 million cars sold.
Is CAR Group stalling?
CAR Group has been one of the best performers over the past 5 years, with its share price achieving a 24% compound annual growth rate compared to 13% for the ASX200.
But, how do the returns look going forward? Is it time to park CAR Group in the garage or shift it into high gear? Our Financial Specialist Carmichael dives into the Value3 valuation process to find out.
/ Video analysis also available on our Media Page /
What have I been buying?
A few weeks ago, the S&P 500 almost entered a bear market after US President Donald Trump unveiled his tariff agenda. You may recall from my 10 April Newsletter, that I described downturns as a gift. I noted that the real challenge isn't deciding whether to invest during a downturn — it's knowing what to invest in, how, why, and when.
You may be wondering what I've been buying.
Last month I finally pulled the trigger and invested in Meta Platforms. This is a company that I’ve had my eye on for quite some time.
If you’re interested in my rationale behind this, and whether I think it's still a compelling investment, click below.
For more video analysis:
Disclosure: General advice only. Past performance ≠ future results.