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Operator of Australia's leading online car marketplace (carsales.com.au), with international automotive classifieds stakes in the US, Brazil and South Korea.
Operator of Australia's leading online car marketplace (carsales.com.au), with international automotive classifieds stakes in the US, Brazil and South Korea.
Charges dealers monthly subscriptions plus fees for higher-visibility listings, charges private sellers per advert, and sells display advertising to carmakers. Buyers go where the listings are, which gives the Australian site its scale. Overseas stakes, notably Encar in South Korea and Webmotors in Brazil, now supply a large share of group earnings.
In one line: Australia's CarGurus, with international stakes.
Moat: wide (network effects, brand, scale). Dominant two-sided marketplace network effect as Australia's leading auto classifieds site.
Headquarters: Melbourne, Australia · Founded: 1997 · Employees: 2,900
Size CAR (CAR.AX) is an Australia Information Technology company (Internet Software/Services) with a market value of $6.85B, the 54th largest of 316 Australia companies the cockpit tracks. Shares closed at A$26.07 on 6 Nov 2026.
Performance Over six months the shares fell 3.1%, against +7.9% for the median peer and +4.1% for the Australia market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 5.9% over the last twelve months (peer median +9.1%); the operating margin is 38.5% (peer median 24.7%).
Valuation It trades at 28.5× forward earnings against a peer median of 27.5× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points below its cost of capital (11.5% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$1.25B | A$1.25B | A$1.18B | A$1.10B | A$781M |
| Revenue growth | — | +6% | +8% | +41% | — |
| Gross profit | A$916M | A$916M | A$830M | A$769M | A$551M |
| EBITDA | A$667M | A$667M | A$620M | A$568M | A$400M |
| Net income | A$314M | A$314M | A$274M | A$250M | A$646M |
| Free cash flow | A$498M | A$498M | A$442M | A$405M | A$245M |
| Capital expenditure | A$141M | A$141M | A$119M | A$102M | A$87.0M |
| Total debt | n/a | A$1.60B | A$1.41B | A$1.34B | A$1.24B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CAR CAR.AX | $6.85B | -3% | +6% | 38% | 28.5× | 21.8% |
| CarGurus CARG | $3.01B | -3% | +6% | 26% | 12.1× | 2.7% |
| Cars.com CARS | $715M | +14% | +1% | 11% | 6.2× | 5.7% |
| Autotrader AUTO.L | $5.68B | +12% | +4% | 62% | 14.3× | -0.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CAR.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.3% | +8.8% | 7th highest of 21 |
| 6-month return | -3.1% | +7.9% | 7th lowest of 20 |
| Distance from 52-week high | -25.5% | -25.2% | 11th highest of 21 |
| Revenue growth (TTM) | +5.9% | +9.1% | 9th lowest of 21 |
| Operating margin | 38.5% | 24.7% | 6th highest of 21 |
| Forward P/E | 28.5× | 27.5× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 21.8% | 12.4% | 6th most demanding of 17 |
| Growth delivered (Del g) | +24.0% | +11.7% | 2nd highest of 17 |
| Hurdle (Req g minus delivered) | -2.2 pp | -3.3 pp | 8th most demanding of 17 |
| ROIC minus cost of capital | -3.4 pp | +1.0 pp | 7th lowest of 16 |
| EV / EBITDA | 16.8× | 15.2× | 7th cheapest of 13 |
| Net debt / EBITDA | 1.9× | 1.0× | 4th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CAR CAR.AX | Australia | $6.85B | -3% | +6% | 38% | 28.5× | 21.8% | +24.0% |
| Scout24 G24.DE | Germany | $6.99B | +19% | +16% | 49% | 22.3× | 10.3% | +12.9% |
| Mobility Global MBGL | United States | $5.79B | n/a | +8% | 51% | 13.2× | -6.0% | +8.5% |
| Info Edge India NAUKRI.NS | India | $8.18B | +21% | +13% | 34% | 59.6× | 51.8% | +23.8% |
| Autotrader AUTO.L | United Kingdom | $5.68B | +12% | +4% | 62% | 14.3× | -0.7% | +18.9% |
| Rightmove RMV.L | United Kingdom | $5.38B | +35% | +7% | 66% | 18.1× | 11.6% | +15.6% |
| Braze BRZE | United States | $5.20B | +111% | +27% | -13% | 57.1× | 27.9% | +37.5% |
| Vend Marketplaces VEND.OL | Norway | $5.11B | -4% | -14% | 29% | 35.2× | 10.7% | -13.2% |
| Mango Excellent Media 300413.SZ | China | $9.77B | +79% | +10% | -3% | 143.0× | 13.1% | -0.3% |
| PB Fintech POLICYBZR.NS | India | $4.74B | -43% | +37% | 7% | 41.0× | n/a | n/a |
| AUTO1 AG1.DE | Germany | $4.34B | -14% | +21% | 1% | 29.2× | n/a | n/a |
| Gartner IT | United States | $12.0B | +20% | 0% | 19% | 11.8× | -4.0% | +9.6% |
| SMG Swiss Marketplace SMG.SW | Switzerland | $3.77B | +7% | +13% | 35% | 23.9× | 5.8% | +12.4% |
| Seek SEK.AX | Australia | $3.59B | +8% | +17% | 24% | 25.8× | 17.7% | +11.1% |
| Crisil CRISIL.NS | India | $3.40B | +6% | +24% | 26% | 35.0× | n/a | n/a |
| Check Point Software Technologies CHKP | United States | $14.7B | +25% | +3% | 28% | 13.4× | -1.7% | +5.7% |
| People PPLI | United States | $3.16B | -4% | -29% | 2% | 38.9× | 36.5% | -2.8% |
| Informa INF.L | United Kingdom | $15.3B | +5% | +5% | 19% | 15.5× | 15.4% | +19.5% |
| People.cn 603000.SS | China | $2.69B | -15% | 0% | 12% | 77.2× | 28.6% | -0.4% |
| Aditya Birla Sun Life Amc ABSLAMC.NS | India | $2.68B | -19% | +4% | 60% | 23.9× | n/a | n/a |
| Youdao, Inc. Sponsored ADR DAO | United States | $2.50B | +59% | +10% | 4% | 59.4× | 33.6% | +17.6% |