Full Year 2024 CAR Group Ltd Earnings Call Transcript
Key Points
- CAR Group Ltd (ASX:CAR) reported a 15% growth in revenue and 16% growth in EBITDA on a constant currency basis.
- The company achieved a strong margin performance of 53%, slightly up from the previous year.
- Adjusted NPAT increased by 24%, reflecting strong financial outcomes.
- The company reached a milestone of $1.1 billion in revenue, with double-digit revenue and EBITDA growth across all regions.
- Significant progress in international markets, particularly with acquisitions in Brazil and the United States, contributing to long-term shareholder value.
- Softer demand in the United States offset growth in leads in Australia and Brazil.
- High interest rates continue to pose a challenge, although the company has demonstrated resilience.
- The new car demand has moderated, leading to more offers and discounts from manufacturers.
- Used car pricing has reduced slightly, although it remains above pre-COVID levels.
- The company faces competitive pressures, particularly in the trucks vertical in the United States.
Good morning, everyone, and thanks for joining us today for CAR Group's FY '24 Results Conference Call. This morning, on the call, Will and I are going to run you through the presentation around 30 minutes like we always do. You'll hear us read out the slide numbers as we go.
And after that, we'll have a Q&A session in the second half, and we'll introduce -- then we'll bring the rest of the team into the conversation as well. But in the room with Will and I, we've also got Paul Barlow from carsales Australia; SB Kim from Encar in South Korea; David McMinn from Trader Interactive in the United States; Eduardo Jurcevic from Webmotors in Brazil; and Rachel Scully, our Head of Investor Relations.
So looks like we'll start with slide 5. And as you can see, it's been another great year for the group with excellent progress from our financial, operational and strategic perspectives. This year's result really does build on the consistent growth that we've delivered over many years now, and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
