Car Group Ltd
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Latest News
Carsales.com delivers double-digit revenue and earnings growth in all key markets
Melbourne-based Carsales.com (ASX: CAR) has delivered strong results with double-digit revenue and earnings growth in all key markets for the full year ended 30 June. The company’s achievements included two transformational acquisitions in the US and Latin America, delivering new products and features and generating strong outcomes for shareholders. Proforma revenue of $942 million was […]
Brambles scraps Costco deal, Liontown inks deal with Ford and Commonwealth Bank hikes fixed mortgage rates
Brambles (ASX: BXB) has announced it has scrapped its investment and will not participate in the transition to plastic pallets in Costco’s United States supply chain. The Australian pooling solutions company developed an industry-leading plastic pallet which complied with US fire regulations and, together with Costco, came up with a more efficient operating model which […]
Foreign business and strong local markets steer Carsales.com to record half-year results
International markets and a resilient domestic business have driven a record half-year result for Melbourne-based Carsales.com (ASX: CAR). While the new car market in Australia remained subdued, good levels of demand in the used car sector steered continued growth for the company for the period ending December 2019. Solid traffic growth on website carsales.com.au throughout […]