Carsales – Up 10%+

Carsales.Com is under Algo Engine buy conditions and is a current holding in our model portfolio.

Accumulate.

8/4/21

Carsales.com is now up 10%+ from the entry point and momentum based investors may choose to stick with the trade as long as it remains above the 10 day average.

Carsales.com – 1H21

Carsales.Com is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. The stock is up 14% since being added in December 2020.

1H21 result with adjusted EBITDA of $125 is up 16% on the same time last year. With the stock trading on 30+PE, the short-term upside is limited.

Forward yield into FY22 now stands at 2.6%, which is supported by 10%+ EPS growth.