Carsales: Interim result 2016

They might not have been quite what the market was hoping for, but Carsales’ results were perfectly acceptable.

Carsales’s interim result was pretty much in line with our expectations. In Carsales.com’s price rise from 15 Jan 16 (Hold – $11.66), we said the company would report ‘fairly anaemic earnings growth in the February interim results reporting season’.

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