Carsales offers yield and growth

Its dominant local business should generate a growing stream of cash, and a clutch of early-stage overseas businesses put the cream on the top.

What a difference a year makes. In September 2008, Lehman Brothers filed for bankruptcy and financial markets were effectively shut. By September 2009, markets had very definitely reopened and Carsales.com got its float away at a prospective price-earnings ratio (PER) of 22 (a share price of $3.50), before watching it stretch to 34 in four months (a share price of over $5).

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles