CAR Group's impressive FY24 financial results

CAR Group (ASX: CAR) has reported strong financial outcomes for FY24, demonstrating substantial growth in revenue and earnings across all major markets. The company remains a leader in the online automotive marketplace, with significant operational and strategic successes. Key brands within CAR Group's global portfolio, such as carsales and Encar, have bolstered its financial performance. The company achieved a total shareholder return of 1,006%, surpassing the S&P ASX200 index. Revenue surged by 41% to AUD 1,099 million, with EBITDA rising by 37% to AUD 581 million. Adjusted NPAT grew by 24% to AUD 344 million despite a reported NPAT dip due to past acquisition gains.

Comprehensive overview and future outlook for CAR Group

CAR Group's FY24 announcement highlights its strong financial performance and strategic accomplishments. The company reported a significant increase in revenue and EBITDA, with substantial growth across all major regions, including Australia, North America, Latin America, and Asia. CAR Group's focus on digitizing services and enhancing customer experiences has propelled its growth. Looking ahead to FY25, the company anticipates continued growth in revenue, adjusted EBITDA, and NPAT, with stable margins and expansion across international markets. CAR Group's commitment to sustainability, evidenced by its carbon neutrality and governance practices, further underscores its corporate strategy. The company is poised to leverage its technological investments and market leadership for sustained growth and competitive advantage.

Executive insights on CAR Group's performance

CAR Group's achievements in FY24 reflect our strategic focus on enhancing customer experiences and expanding our global footprint. Our robust financial results are a testament to the dedication of our team and the strength of our diverse portfolio. We remain committed to driving innovation and creating value for our stakeholders across all markets.