FY25 Half Year Results Presentation

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Stock CAR Group Ltd (CAR.ASX)
Release Time 10 Feb 2025, 8:22 a.m.
Price Sensitive Yes
 CAR Group Delivers Excellent H1 FY25 Financial Results
Key Points
  • 9% growth in Proforma Revenue to $548m
  • 12% growth in Proforma EBITDA to $302m
  • 9% growth in Adjusted NPAT to $177m
Full Summary

CAR Group Ltd delivered excellent financial results for the first half of the 2025 financial year, with strong growth across key metrics. Proforma Revenue grew 9% to $548 million, while Proforma EBITDA increased 12% to $302 million. Adjusted NPAT rose 9% to $177 million. The company's global marketplaces continued to perform well, with operational highlights including 2.4 million vehicles online, 634 million total sessions, 48 million unique audience per month, and 11 million dealer leads delivered. CAR Group's strategy is focused on expanding the leadership positions of its online marketplaces, creating a seamless experience for private buyers and sellers, delivering value for sellers through new premium depth products, connecting advertisers to its audience through sophisticated data products, and leveraging insights and trends to explore new opportunities. The company maintained its significant market leadership across key regions and saw strong growth in areas such as dealer lead generation, finance revenue, and media expansion, particularly in the US. CAR Group is also investing in emerging technologies like generative AI to enhance consumer experiences, improve process efficiency, and strengthen trust and safety. The company expects to deliver good growth in Proforma Revenue, Proforma EBITDA, and Adjusted NPAT on a constant currency basis in FY25, with similar Proforma EBITDA margins.

Guidance

CAR Group expects to deliver good growth in Proforma Revenue, Proforma EBITDA and Adjusted NPAT on a constant currency basis in FY25. The company also expects to maintain similar Proforma EBITDA margins in FY25.

Outlook

CAR Group expects to see good growth in Dealer revenue supported by growth in lead volumes, depth and yield in FY25. The company also anticipates solid revenue growth in Private supported by dynamic pricing optimisation and Instant Offer growth, and good revenue growth in Media supported by continued expansion of native ad products, programmatic capability and non-automotive diversification. Internationally, CAR Group expects solid growth in revenue and good growth in EBITDA in North America, strong growth in revenue and EBITDA in Latin America, and good growth in revenue and solid growth in EBITDA in Asia in FY25.