Shares in Car Group have zoomed 10 per cent higher in early trade after the carsales.com.au operator reported pro-forma revenue for the full year of $1.25 billion.<\/p>\n
That was up 10 per cent on the previous year\u2019s $1.14b and delivered net profit of $314 million, up 14 per cent.<\/p>\n
Revenue in Australia soared 7 per cent as carsales.com.au maintained its market leadership \u201cwhile AI-led improvements in search, personalisation and workflow tools enhanced the experience for consumers and dealers\u201d.<\/p>\n
Its North America, Latin America and Asia business units all recorded double-digit growth.<\/p>\n
\u201cWe continued to move beyond traditional classifieds, building connected automotive ecosystems that support customers across more of the vehicle ownership journey,\u201d said Car Group MD William Elliott.<\/p>\n
\u201cThese ecosystems strengthen customer relationships, create new opportunities to deliver value and capture revenue and embed Car Group more deeply in the markets we serve.\u201d<\/p>\n
Mr Elliott also noted the shift towards electric vehicles as crippling petrol prices force drivers to seek alternatives.<\/p>\n
\u201cThe shift towards electric vehicles and the emergence of new EV entrants into our markets are already contributing to our performance and represent an ongoing opportunity,\u201d he said.<\/p>\n
Car Group declared an improved final dividend of 43.5, up 2c from last year. That took the full-year payout to 86c, up from 80c in FY25.<\/p>\n
The company;s shares were 9.8 per cent higher $29.65.<\/p>\n","protected":false},"excerpt":{"rendered":"Shares in Car Group have zoomed 10 per cent higher in early trade after the carsales.com.au operator reported…\n","protected":false},"author":2,"featured_media":849884,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99,171],"class_list":["post-849883","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/849883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=849883"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/849883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/849884"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=849883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=849883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=849883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}