Earnings Alerts

CAR Group (CAR) Earnings: FY Adjusted Net Income Aligns with Estimates at A$377 Million

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  • CAR Group’s adjusted net income was A$377.0 million, closely meeting the estimate of A$377.8 million.
  • Reported net income fell short of expectations, coming in at A$275.5 million compared to the estimate of A$294.7 million.
  • Investors will receive a final dividend per share of A$0.415.
  • Revenue from continuing operations beat expectations, totaling A$1.18 billion against the estimated A$1.15 billion.
  • Market analysts’ ratings include 9 buy recommendations, 6 holds, and 1 sell for CAR Group.

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A look at CAR Group Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth2
Resilience3
Momentum3
OVERALL SMART SCORE2.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on a comprehensive analysis using Smartkarma Smart Scores, CAR Group Limited, a digital vehicle marketplace company, shows a balanced long-term outlook across key factors. With moderate scores across Value, Dividend, and Growth, the company demonstrates stability and potential for gradual development. CAR Group’s slightly higher ratings in Resilience and Momentum indicate a certain level of robustness in its operations and potential for future positive performance. Overall, the company appears to be positioned for steady growth and resilience in the market.

CAR Group Limited, known for operating a digital marketplace for vehicles with a diverse range of brands, caters to a global customer base. With a mix of ratings ranging from moderate to slightly above average across various categories, including Value, Dividend, Growth, Resilience, and Momentum, the company seems to offer a balanced investment opportunity for stakeholders. The combination of these factors suggests that CAR Group has the potential to maintain its market presence and potentially achieve gradual growth over the long term due to its stable operational foundation and momentum in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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